American buys cheapest Tesla P100D he could find in country and after performing repairs reckons he could flip it for $15K more straight up
- This guy bought the cheapest Tesla Model S P100D he could find
- The old P100D is more or less equivalent to a 2025 Model S Plaid
- After two years, he could flip it and make back the money
Published on Jan 12, 2025 at 4:00 AM (UTC+4)
by Alessandro Renesis
Last updated on Jan 08, 2025 at 6:38 PM (UTC+4)
Edited by
Tom Wood
This guy bought a wrecked 2016 Tesla Model S P100D, the cheapest Tesla Model S P100D he could find, fixed it, and drove it for two years.
After two years, he realized he was basically in a position where he could just sell it and break even.
That means he could get back the money he’d spent on the car, plus the amount he had to spend to fix it.
In other words, he got to use it ‘for free’ for two years.
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The reason why this 2016 Tesla Model S P100D was so cheap
Alex Palmeri, the guy behind the LegitStreetCars YouTube channel, explained why this Model S was so cheap.
The Model S P100D is no longer in production but, back when it was new, it was essentially the equivalent of a range-topping Model S Plaid today – the record-breaking Tesla that can beat anything in a drag race.
This model is also fitted with the self-driving mode that’s equivalent to FSD today (not the unsupervised version), and launch control.
There are two reasons why he got it for about $15,000 under market value, even though it only had 47,000 miles on the clock.
First, this car is fitted with the old version of Tesla’s software and second, it needed mechanical, cosmetic, and electronic fixes.
Is buying the cheapest Tesla you can find a good idea?
Apart from the original Roadster S, the one that Musk launched into space, the oldest Tesla vehicle is the Model S.
It’s been around since 2012, which means it is no longer what you’d call a new car.
Several used Teslas are available in the market, and several YouTubers whose channel focuses on rebuilding cars are now buying them.
There’s a guy who recently bought a Model S 90D whose only major fault was basically a broken speaker.
Elsewhere, somebody bought a high-mileage Tesla Model 3, which was also in good condition.
Most of these experiences were positive, but we’ve also heard about some horror stories.
Not long ago, somebody bought a Model 3 for just $11,000 and ended up having to spend a fortune on repair bills.
