US man spent $200,000 on four Teslas and ended up losing huge amount when he sold two of his Model 3 cars
Published on May 09, 2026 at 2:00 PM (UTC+4)
by Alessandro Renesis
Last updated on May 09, 2026 at 2:00 PM (UTC+4)
Edited by
Ben Thompson
This Tesla Model 3 owner in the US spent around $200,000 buying four Teslas, but perhaps that wasn’t a great idea.
After some time, he decided to sell two of those Teslas.
It didn’t go well.
The amount he lost was enough to buy a new car.
The reason(s) why some Teslas depreciate faster than gas cars
Andy Slye, a guy who built his YouTube channel around Tesla content, bought four Teslas over seven years for a total of $200,000.
His goal was to use them and then resell them, hopefully for a profit.
Or he was at least hoping not to lose too much money on them.
But it didn’t go too well.
The main problem with EVs is that they depreciate faster than gas cars.
Depreciation is driven by battery technology advancements, which generally make older models feel outdated, and then Tesla’s ‘dynamic’ pricing strategy doesn’t help.
The Cybertruck isn’t one of the four Teslas he bought, but it’s still a great example.
When it was launched, pricing started at around $100,000, but demand was through the roof and the truck was selling for $150,000 or more.
A few months later, the ‘base’ model was launched, and that cost around $70,000.
But then the hype died down and Tesla changed the entry-level price point several times.
This means that the MSRP today could look like a bargain six months from now, but it could also look like the buyer mistimed the market.
Here’s how much this Tesla Model 3 owner lost
Even though Slye didn’t provide an exact cumulative total of his financial losses across all four vehicles, he did give us some numbers for the two cars he sold recently.
The first one was a 2018 Long Range RWD Model 3, which he bought for $56,000 and then sold seven years later for – hang on because it’s a huge drop – $19,000.
That’s a 60 percent depreciation over seven years.
The second car he sold was a 2025 Model 3, which originally cost him $46,000.
He ended up selling it for $33,800 after just five months.
And it looks like the next one on the list is going to be equally bad for his wallet.
He hasn’t sold it yet, but he did mention a 2022 Model Y video.
He bought it for $55,000 and, based on current market value, the car is worth around 50 percent less than that.
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.
