It’s still too early to say how much value an average Tesla Model 3 will retain after five or ten years, but a recent Autolist study reveals some fascinating depreciation numbers for Model S and Model X against a crop of luxury automobiles like Porsche and Mercedes-Benz.
Here are the main takeaways from the study:
- Model S resale value has been holding steady since the August 2016 Autolist study. After 50,000 miles, the average Model S still retains 73% of its original value.
- Other cars (ICE) in the same segment as Model S only retain 64% of their value after 50,000 miles.
- Model X retains an even higher 77% resale value after 50,000 miles.
- Cars in the same segment as Model X only retain 67% of their original value after 50,000 miles.
What Cars Did Autolist Compare against Model S?
- Mercedes S Class
- BMW 7 Series
- Audi A8
- Lexus LS
- Porsche Panamera
What Cars Did Autolist Compare against Model X?
- Lincoln Navigator
- BMW X5
- Audi Q7
- Mercedes GLS (previously the Mercedes GL)
- Infiniti QX80
- Cadillac Escalade
- Range Rover
- 1.209 million vehicles in the large luxury sedan segment were taken for the Model S comparison. 35,442 separate Model S listings were included in the dataset.
- 1.683 million vehicles in the large luxury SUV segment were taken for the Model X comparison. 4,242 separate Model X listings were included in the dataset.
This is so far one of the most comprehensive studies of resale values of Tesla EVs versus conventional luxury ICEs. It clearly shows that the Model S and Model X have solidly retained their resale value despite the introduction of the cheaper Model 3.
Even over a longer time frame (after 100,000 miles), Model S and Model X outperform the competition by a wide gap. While other cars lose more than half their value after 100,000 miles, Tesla EVs still retain over 50% in resale value.