[code_runner]

They dropped the price of a new model a few times recently which meant used cars dropped that much more. I think that’s what is being referenced here.

Otherwise, the (mostly) static nature of Tesla models kept the used Tesla market in decent shape

[seshagiric]

Yeah, say I brought the car for $70K. 2 weeks later Tesla reduced the price by $12K. So, it's now $58K, and then you add depreciation...If I were to sell the car today (within 1 year of buying) I'd be looking at $35-40K!