Pearce showed the invoice after Tesla’s appraisal of Conner’s car, highlighting just how much it had dropped in value compared to a gas-powered vehicle.
Pearce mentioned: “The appraisal came straight from Tesla, so it could be a lowball offer.”
Pearce explained: “I did us all a favor and found a comparable gas to compare the depreciation.”
He suggested that prospective buyers should be cautious and understand that flashy brands may not always retain their value.
If you’re curious about other cars that experience quick depreciation, models from Alfa Romeo, Maserati, Lincoln, and Volvo were listed just behind Tesla.
We posted the most glowing review possible of the new Long Range RWD Model 3… nobody shared
I posted two screen shots about a Model S with a single word “depreciation” and everyone writes about it
Huge Tesla hate bias in the media. https://t.co/cCWFpEPuOU pic.twitter.com/3mYVJecOPi
— Kyle Conner (@itskyleconner) October 30, 2024
The study by Diminishing Value Carolina indicated that it isn’t just Tesla but electric cars in general that show higher rates of depreciation.
Another person commented: “It’s almost as if Tesla makes a product that has an artificially inflated price because of fanboys that love getting ripped off.”
Conner wasn’t particularly happy with the sudden attention this depreciation story brought.
He recently tweeted: “We posted the most glowing review possible of the new Long Range RWD Model 3… nobody shared I posted two screen shots about a Model S with a single word ‘depreciation’ and everyone writes about it Huge Tesla hate bias in the media.”
