This is how much used Teslas have dropped in price from 2024 to 2025
Published on Jul 07, 2025 at 2:11 AM (UTC+4)
by Henry Kelsall
Last updated on Jul 03, 2025 at 3:17 PM (UTC+4)
Edited by
Emma Matthews
The price of used Teslas has dropped over the past year, as Tesla EVs continue to see plenty of depreciation.
A study from iSeeCars has looked at the average year-over-year price for used EVs and worked out how much they have moved around from 2024 to 2025.
Tesla has seen the steepest drop-off of all EV brands, as average prices have fallen by a significant amount over the last 12 months.
That price crash has been put down to several factors, including Tesla’s own price changes and the poor depreciation of electric cars.
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How much has the price of used Teslas fallen by?
The drop-off with the EVs versus that of other brands is quite alarming.
According to the study, Tesla has seen its prices fall by an average of 8.4 percent over the past year.
Some of that has been attributed to the current trends we’re seeing in EV depreciation across the board.
However, the company has also influenced this itself.
The manufacturer’s updates and price fluctuations on new cars have helped to make their older models less expensive.
That has also made them quite attractive for used car buyers looking to go all-electric.
Alarmingly, though, some models have seen their specific price decrease by over 10 percent.
Some price drops have been huge
The Model S is the current car that has suffered the most.
iSeeCar and its study said that the price of the Model S has come down by 16 percent over the last 12 months.
Given how expensive the Model S has been over the past few years, it means some models are becoming bargains.
The Model Y has also suffered, dropping by 14.2 percent in the same time.
With it being Tesla’s best-selling car, there are plenty of them available to buy second-hand.
The Model 3 hasn’t suffered quite as badly, however, seeing its price decrease by 10.8 percent from 2024 to 2025.
Of all of the models, it’s the Model X that has escaped the worst of the price decreases.
The current price drop for the Model X is 8.9 percent.
It’s astounding to see just how quickly the prices of Tesla have fallen over only 12 months.
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Henry is a content writer with nearly ten years experience, having written for various publications since 2017. Qualifying with a Sports Journalism degree from Staffordshire University, Henry loves all things automotive but has a particular soft spot for classic Japanese cars and anything Lancia. He also has a curious passion for steam locomotives.
