Californian driver paid mind-boggling amount for new Tesla Model X in 2020 and it's now sold for a major course correction
Published on Nov 10, 2025 at 12:12 AM (UTC+4)
by Alessandro Renesis
Last updated on Nov 07, 2025 at 8:52 PM (UTC+4)
Edited by
Amelia Jean Hershman-Jones
This driver in California bought a Tesla Model X in 2020 for nearly six figures, but, predictably, this EV is worth a lot less than that now.
In fact, it’s probably depreciated a lot more than you’d think.
We’re talking about a car with a clean title and less than 50,000 miles on the odometer that was never involved in an accident.
And that’s not even the scariest part.
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Why this Tesla Model X depreciated so much so quickly
This Tesla owner in California bought a brand-new 2020 Tesla Model X Long Range Plus for $94,190, and it just sold for $35,500 after 44,000 miles -equivalent to around 70,800 km.
Fitted with two electric motors, this Model X comes in with 534 horsepower, 351 miles of range, six seats, and a 100-kWh battery pack.
The EV was never involved in an accident, and it has a clean title, which means it lost well over half of its value in five years because… it just did.
And the scariest part is that this isn’t a particularly low price for a 2020 Model X Long Range Plus.
This is the norm.
Why EVs depreciate faster
Broadly speaking, EVs depreciate much faster than gas cars, and that also applies to high-end vehicles like the Mustang Mach-E and the Porsche Taycan.
Some people – especially those who don’t like EVs – say it’s because all electric cars ‘feel’ the same.
Because they’re saying that V8s, V10s, and V12s all sound and feel different, but electric motors are all the same.
That’s subjective, but there’s another related argument that’s less so.
Many say that the true problem is that electric cars heavily rely on software, just like smartphones, and nothing ages faster than software.
It’s the reason why all iPhones are considered vintage after five years and obsolete after seven.
In other words, EVs are depreciating faster than gas cars simply because they’re entirely based on technology that ages faster.
