[ajross]

> Depreciation is a normal and expected part of buying a car

The problem is that Tesla owners are spoiled. I bought my Model Y just before the supply crunch in June of 2021, and within a year used models were selling for 20% more than I paid. They've since come down a ton as demand levelled off, but even now my car has depreciated only about 18% (including inflation!) from the cost of a brand new Y with the same configuration.

It's easy enough to imagine a young Tesla buyer over the last few years getting a very weird picture of the financials of owning a car.

[dangus]

On top of that, this phenomenon applies to anyone who bought a car in 2021.