California man bought Tesla Model S for $125,000 and is left in disbelief at what it's now worth three years and 30,000 miles later

This California man bought a Tesla Model S for $125,000.

He spent that sum on a car with 3,000 miles on it already.

Now he has been left in utter disbelief.

Because he has just seen what it’s now worth three years and 30,000 miles later.

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California man is NOT happy with value of Tesla Model S

Today’s story is not necessarily a new trend in the car industry.

But it is the latest example of someone being unhappy with EV depreciation.

Last week, we covered how a California native deeply regretted purchasing his Tesla.

Parker Nirenstein of the Vehicle Virgins YouTube channel discussed his regret, and now, yet another California man is extremely unhappy with his Tesla Model S.

Fellow YouTuber Cam Casey took to X/Twitter to voice his displeasure.

And he is absolutely emphatic in his viewpoint.

“Do yourself a favor and don’t ever buy an electric car – but I have a solution,” Casey begins.

“I bought my Tesla Model S for $125,000 USED with 3,000 miles. It was a good deal at the time.

“Now 30,000 miles later & 3 years later that car is worth $50,000.”

That, as you can imagine, represents a staggering reduction in value.

“I lost 60+% ($75,000) of my investment within 3 years of buying a USED CAR”, he admits.

So, it’sa safe to say that Cam Casey is extremely unhappy with the depreciation of his Tesla Model S.

Could this be the solution to plummeting value problem?

Casey, though, thinks he has the solution.

And it turns out that the YouTuber might be onto something.

Because he has suggested leasing as an alternative.

“Now while I would never buy an electric car again – the tech goes out of style so fast – I would lease an electric car,” Casey points out.

“The lease deals are an absolute steal most times, and you get all the benefits of leasing.”

Do yourself a favor and don’t ever buy an electric car (but I have a solution)

I bought my Tesla Model S for $125,000 USED with 3k miles. It was a good deal at the time.

Now 30,000 miles later & 3 years later that car is worth $50,000

I lost 60+% ($75,000) of my investment… pic.twitter.com/f04HEMgJqI

— Cam Casey (@notcamcasey) January 14, 2026

Casey ended his post with some emphatic advice for those thinking of making the EV move.

“Never buy an electric car – but it’s okay if you lease one.”

EVs are notorious for how steeply they depreciate, but leasing could be the perfect solution for those looking to get a Tesla Model S.

It’s certainly a very interesting thought.