This is why Tesla Model S, X and Y have lost more value than any other used car

The Tesla Model S, X, and Y have reportedly lost more value than any other used car in the last year, and there’s one glaring reason.

In an age where we know electric vehicles will all but conquer the roads in the next ten years, you’d think that buying an EV would save you from the crippling D word…

Depreciation.

But it seems that the newer high-end EVs are actually having a rough time dancing with the depreci-devil, and the Tesla Model S, Y, and X are coming off worse for wear.

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Tesla Model S, X, and Y found to have been hit by harsh depreciations

Despite being the future of the automotive industry, a handful of EVs have found to have been hit hard by depreciation.

Namely, the Porsche Taycan has lost a massive chunk of its value since its release, and owners of the Ford Mustang Mach-e have been matched in their resale stings.

But at the top of the depreciation lists is the Tesla Model S.

New studies have found that competitors like BYD making affordable alternatives have led the Tesla Model S, X, and Y to fall another 15 percent in value throughout the last 12 months.

According to iSeeCars, trucks and electric sports cars are holding their value the best, such as the Porsche 911 and Toyota Tacoma.

But on the EV side of things, the Tesla Model S and Jaguar I-PACE are the worst depreciating cars.

The Tesla fleet has been hit hard, with the S dropping 15.8 percent, the Model X falling by 15.5 percent, and the Model Y getting a 13.6 percent hit.

The study claims that ‘affordable’ ranges from new competitors are undercutting Tesla and causing its vehicles to be resold at lower values.

On the other hand, while all five-year-old EVs have dropped by at least 50 percent in value, the affordable Tesla Model 3 has held its value the best.

What’s next for Tesla cars?

In the same trend as BYD, Tesla is set to launch the new ‘Model Q’, which is intended to be an affordable entry-level introduction to the brand.

Here, the likes of the Model S will be pushed towards a high-end luxury status rather than your run-of-the-mill EV, and more performance upgrades will help create a gap for the Model Q to thrive.

It’s likely that the Model Q will take over for Tesla, while the rest of the fleet stagnates.

There are more movements in the Tesla factory, namely with the Cybervan, but that appears to be slipping into the Cybertruck range and being high-end too.

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