Man with Tesla Model Y left stunned after finding out how much it's worth after just four months of ownership: 'Bit of a shock'
Published on Jun 11, 2026 at 7:12 PM (UTC+4)
by Alessandro Renesis
Last updated on Jun 11, 2026 at 7:12 PM (UTC+4)
Edited by
Mason Jones
This guy was considering part-exchanging his Tesla Model Y for a Tesla Model X, but it didn’t go as planned.
The problem was that his Model Y is now worth a lot less than what he paid for it.
He was expecting to take a hit with the valuation, but Tesla’s offer was much worse than expected.
And things didn’t get any better when he turned to third-party companies.
The reason why EVs tend to depreciate faster
People who don’t like EVs say they depreciate faster because they’re white goods, like washing machines.
They argue electric motors all deliver performance in the same way, just more or less of it depending on how powerful the car is.
Maybe, but the real reason why electric cars depreciate faster is that they rely on software, just like smartphones, and tech ages faster than anything else apart from milk.
It’s the reason why all iPhones are considered vintage after five years and obsolete after seven.
A lot of people are turning to the pre-owned market to buy high-end EVs like the Porsche Taycan or even the Ford Mustang Mach-E precisely because they’re relatively inexpensive to buy used.
A while back, we covered the story of a guy who bought a brand-new Ford Mustang Mach-E for $72,590 but was told it was worth just $31,000 two years later.
Then there’s the Taycan, which can easily cost north of $150,000 (or $230,000 for the Turbo GT) when bought new but can sometimes be had for less than $50,000 in the pre-owned market.
This guy had a very similar experience.
Here’s how much his Tesla lost in value in just four months
Daniel, the man behind the MyTeslaUK YouTube channel, was shocked when he found out that his four-month-old Tesla Model Y Long Range with just 2,000 miles on the clock had lost around 50 percent of its value or more.
He originally bought it for $80,000 – £62,000 in the UK – but Tesla only offered him a value of around $50,700 in part exchange for a Tesla Model X.
The situation was even worse with WeBuyAnyCar, which gave him an even lower valuation of around $40,000.
He then looked at Auto Trader, the UK’s most popular car trading site, and the private sale value was around $60,000, which is still a massive hit for a four-month, 2,000-mile car.
“It’s still got the plastic on the screen. I can’t believe it [that they valued it so low],” he said.
Well, he does have a point.
Alessandro is an automotive journalist with 10 years of experience covering supercars, automotive history, emerging vehicle technology, and luxury transportation. He wrote the first article published on SupercarBlondie.com when the website launched in 2022 and has since built a reputation for insightful reporting across the automotive and transportation industries. His expertise is grounded in hands-on experience. Alessandro has driven every Tesla model ever produced, from the original Roadster to the Cybertruck, and regularly covers the latest developments in electric vehicles and automotive innovation. His passion for transportation extends beyond cars, he has even flown a Boeing 787 Dreamliner simulator in Addis Ababa, Ethiopia. His reporting spans everything from classic American muscle cars and rare automotive discoveries to luxury yachts, private aircraft, high-end watches, and cutting-edge vehicle technology. Known for his deep knowledge of automotive history and ability to uncover the stories behind iconic vehicles, Alessandro brings readers a blend of historical context, technical expertise, and first-hand experience.
