Florida man paid $65,000 for his 2023 Tesla Model Y and 35,000 miles later he's left shocked by what CarMax will offer him for it
Published on May 07, 2026 at 2:50 PM (UTC+4)
by Alessandro Renesis
Last updated on May 07, 2026 at 2:54 PM (UTC+4)
Edited by
Mason Jones
A Florida man bought a Tesla Model Y for $65,000 a few years ago, and was stunned when he tried getting it appraised.
The driver took his Model Y to by CarMax and has since shared their valuation.
While the owner may was shocked, there are three reasons why the appraisal is not that crazy.
Two are case-specific reasons, and the other one is more generic.
The Tesla Model Y valuation
“[I] paid $65,000 (with Enhanced Autopilot) for my Tesla back in March 2023, and now Carvana and CarMax are offering me around $25,000. I’m honestly shocked by the depreciation. didn’t expect it to drop this much,” the Redditor said.
“I’m in Tampa, Florida. The car has approximately 35,000 miles, is always charged at home, and is a 3rd-row version, Long Range, Dual Motor, White with Enhanced Autopilot and a tow hitch,” he added.
The depreciation is definitely the sort of thing that’ll make you raise your eyebrows but it’s not unheard of.
First, 35,000 miles in three years is not nothing, mainly because, in the used car market, anything over 30,000 often triggers a lower valuation bracket.
Second, depreciation tends to hit EVs harder.
And third, there are precedents.
Is that depreciation rate really that crazy?
Broadly speaking, a $25,000 offer for a three-year-old Model Y sounds plausible – as crazy as it may seem.
Not long ago, another EV owner bought a Model S for $93,000, drove it for just 9,000 miles, and then received an offer for just $75,000.
A Cybertruck owner had an even worse experience when he received a $76,000 offer for a truck that, in his estimation based on market value, could’ve been worth six figures.
Not everyone had a bad experience, though.
Another Cybertruck owner was expecting an offer just north of $50,000.
Instead, she got one for $66,000.
After beginning his automotive writing career at DriveTribe, Alessandro has been with Supercar Blondie since the launch of the website in 2022. In fact, he penned the very first article published on supercarblondie.com. He’s covered subjects from cars to aircraft, watches, and luxury yachts - and even crypto. He can largely be found heading up the site’s new-supercar and SBX coverage and being the first to bring our readers the news that they’re hungry for.
