Used Tesla Model S EVs Selling for $99,000 on Average


Tesla Model S Selling For Lots of Money Used

Tesla Model S Selling For Lots of Money Used

Yahoo is reporting that the average selling price for a used Tesla Model S is “over $99,000.”

Model S

Model S

Yahoo points to as its source for used Model S pricing info.

Phong Ly, CEO of, told Yahoo that the Model S “seems to be in great demand,” which is perhaps why it’s fetching a lot of money on the used market.

Of course, the Model S’ price range from $60,000-ish to over $110,000 when new (dependent on battery capacity and options), so it’s not like all these used Model S EVs have somehow gained value.

According to iSeeCars, the average mileage on used Model S EVs is 3,700 miles.  So, they’re practically new anyways.

Source: Yahoo

Category: Tesla

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12 responses to "Used Tesla Model S EVs Selling for $99,000 on Average"
  1. Jouni Valkonen says:

    It is somewhat considerable price that there is also tax credits substracted. In practice you buy Model S in West Virginia, take the $15k tax gredit and sell Model S at full price.

    This is already happening in Europe, where people buy EV in France where there is offered tax gredit and then they export the EV into Norway, where EV incentives are negative.

    1. pjwood says:

      How many people in WV have a 15k federal tax liability, after tax prep?

      1. Mint says:

        Far more than the Teslas sold there. You gotta realize that the top 1% of AGI in tax filings is still over 2 million people in the US.

        Not that I’m saying this is why they’re selling there…

  2. ClarksonCote says:

    I wonder why so many people are selling their used Model S with such little mileage?

    1. Johnny GT says:

      Probably because they can make a profit doing so…

      1. Rick says:

        It’s a tax savings strategy. This economic nonsense will be over when the tax benefits expire.

  3. pjwood says:

    “Selling price” to them, must mean the asking price. This is Tesla’s first winter, and cars with one year’s mileage are only beginning to show up. I am in the middle of working with them, and looking nationwide. As you might think, good market demand for limited optioned, say Tech packaged 85’s, and plenty of max’d out cars simply looking for a bid.

    The options go well past rediculous, in my opinion. $2,500 for Sirius XM. The $2,700 HPWC (as if 30+ mph isn’t enough?). Leather doors/dash $2,500, and an extra grand for a piece of suede on your lateral supports.

    The biggest surprise is the Signiture cars are fetching far from “limited edition” pricing. I can’t tell if its age, the missing rear suspension improvements, inability to charge faster than 90,000 watts(?), or something as dumb as power folding mirrors. It’s clear a lot of people are optioning up their Teslas, who never owned an EV.

    Even more favor goes toward the less optioned cars, when you consider the air suspension has been limited in height, and comments on seem to suggest those who’ve driven both, and tend to push it in turns, are apt to be happiest with the non-air coil spring setup, anyway. Having experimented with shock/damping rates many times, I know I won’t feel “stuck”.

    As I see my own evolution in the process, I see how keeping it simple seems wise. The average “selling price” is high because those are the ones that aren’t “selling”.

  4. Mint says:

    I’m curious how much the Model E will affect Model S resale prices. This may be incentive for Tesla to keep the Model E priced higher (at least initially) than many are hoping.

    1. EV says:

      Elon’s word is his word. He’s been saying a 3rd gen 30k vehicle since 2009

      1. Spec9 says:

        Elon has broken his word and missed deadlines many times.

    2. pjwood says:

      I want to say the lower end of the market can easily be cemented by $10,000, but your point is well taken if Model E creeps up 40/45k, after the tax credit. Still, by 2017, we’re looking at some 5y/o cars with ~60,000+ miles, trading for less. Mileage KILLS expensive boutique car value. As much as I bet some are romanced by the idea that EV adoption will goble these cars up, and minimize their TCO, I’d expect a more expensive experience.

      G*d forbid, SOC begins to slide too soon. The software updates change the range algorhythm, which makes chasing beginning/ending SOC (265 miles, etc) harder to control for. Many are claiming loss, but the IEV folks, here, know what the range calculators do this time of year. It’s another reason to sympathize with the Active E owners who had an SOC gauge in their cockpits, and who took issue with its deletion in the i3.

      It’s all on my mind. Thus, eating the bandwidth 😉