This used Tesla has faced extreme price declines in recent years, creating a buying opportunity.
Tesla discontinues Model S, X, shifts focus to Optimus factory
Tesla has announced plans to end production of the Model S and Model X and shift focus to its Optimus robot factory.
- Tesla may discontinue the Model S, but it will still be available on the used car market.
- A new Model S costs about $95,000, but used models can be found for under $18,000.
Tesla may discontinue the Model S to make room for Optimus Bot production, but drivers can still purchase the electric car as a used car at a significant discount compared to the original manufacturer’s suggested retail price.
The Model S was originally introduced in 2012 as one of the American automaker’s first mainstream electric modern luxury sedans. Although its popularity has fluctuated since its debut, the Model S remains an important part of the company’s history of clean energy and electric vehicles.
Tesla’s Model S is very performance-oriented. Fortunately for drivers, there are several used models listed at affordable prices.
How much does a used Tesla Model S electric car cost?
A brand new Tesla Model S electric car costs a whopping $94,990. Depending on the model year and used car buying platform, you can find a used Tesla Model S EV for less than $18,000.
Carvana has several Model S EVs listed for under $18,000. These models were initially priced at approximately $70,000 as new EVs. This is a depreciation rate of over 74%.
Carvana’s most affordable 2014 Tesla Model S EV starts at $17,590 before taxes and surcharges. Power output is 302 horsepower and the original range was 208 miles, but as the battery ages, the range will decrease significantly.
CarMax also has several new and used Model S EVs listed on its site, starting at $34,998 for the 2021 Long Range Plus model. Drivers interested in nameplates can find many new and used models that are much more affordable than the average new car price of about $50,000.
What’s so special about the Tesla Model S?
The Model S is special because it is one of the first electric cars to prove that EVs are attractive and practical enough to serve as a daily driver’s sports car. It paved the way for many vehicles in this segment and is one of the most impressive electric cars on the market, even though it has spawned numerous rivals over the years.
Even the older Model S EV boasts thrilling performance. Thanks to depreciation, drivers can now experience what was once one of the most expensive EVs at a fraction of the original price.
Should you buy a used Tesla Model S?
Owning an electric car isn’t for everyone. If you plan to use your EV as a daily driver, whether it’s commuting to work or regular long-distance trips, you’ll need a solid charging plan. The Model S has a lot of appeal as a used electric car, but battery deterioration is a big factor to consider when considering practicality.
Used Model S electric cars are a good option for drivers who can charge at home or are willing to purchase and install a home charging system for their car, so range isn’t a big issue. It’s also a good choice for Tesla fans interested in quick acceleration and good performance.
