Tesla Model S depreciation: value by age
Value kept after 3 years
66%
- Loses 34% in 3 years.
- 2023 Standard AWD. New: $76,630. Now: $50,200.
- Median hatchback at 3 years: 70% kept.
- Value now: KBB fair price.
| Model year | Age | Trim | Original MSRP | Value now | Source | Kept | Lost | Lost per year |
|---|---|---|---|---|---|---|---|---|
| 2024 | 2 | Standard AWD | $76,630 | $67,200 | KBB fair price | 88% | $9,430 | $4,715 |
| 2023 | 3 | Standard AWD | $76,630 | $50,200 | KBB fair price | 66% | $26,430 | $8,810 |
| 2022 | 4 | Long Range AWD | $101,190 | $44,400 | KBB fair price | 44% | $56,790 | $14,198 |
| 2021 | 5 | Long Range Plus AWD | $70,620 | $35,400 | KBB fair price | 50% | $35,220 | $7,044 |
| 2020 | 6 | Long Range Plus AWD | $76,190 | $31,500 | KBB fair price | 41% | $44,690 | $7,448 |
| 2019 | 7 | 75D AWD | $77,200 | $25,100 | KBB fair price | 33% | $52,100 | $7,443 |
| 2018 | 8 | 75D AWD | $78,125 | $22,400 | KBB fair price | 29% | $55,725 | $6,966 |
| 2017 | 9 | 60 RWD | $68,625 | $19,550 | KBB fair price | 28% | $49,075 | $5,453 |
| 2016 | 10 | 60 RWD | $67,200 | $15,550 | KBB fair price | 23% | $51,650 | $5,165 |
| 2015 | 11 | 60 RWD | $71,100 | $11,500 | KBB fair price | 16% | $59,600 | $5,418 |
| 2014 | 12 | 60 RWD | $71,070 | $13,050 | KBB fair price | 18% | $58,020 | $4,835 |
| 2013 | 13 | 4dr Sdn RWD | $71,070 | $12,950 | KBB fair price | 18% | $58,120 | $4,471 |
| 2012 | 14 | 4dr Sdn | $60,890 | $10,950 | KBB fair price | 18% | $49,940 | $3,567 |
- Biggest drop
- Age 3 to age 4: $30,360 a year.
- Values as of
- October 2026
KBB resale value by year
| Model year | 2023 | 2024 | 2025 | 2026 | 2027 KBB forecast | 2028 KBB forecast |
|---|---|---|---|---|---|---|
| 2024 | N/A | N/A | N/A | $63,500 | $56,211 | $50,146 |
| 2023 | N/A | N/A | N/A | $47,700 | $41,864 | $37,342 |
| 2022 | N/A | N/A | $42,913 | $42,600 | $38,093 | $34,296 |
| 2021 | $57,769 | $44,508 | $37,258 | $34,000 | $30,394 | $27,356 |
| 2020 | $51,822 | $37,481 | $30,181 | $30,300 | $26,395 | $23,028 |
| 2019 | $43,907 | $31,515 | $26,448 | $23,600 | $20,473 | $17,842 |
| 2018 | $33,746 | $29,392 | $23,947 | $20,900 | N/A | N/A |
| 2017 | $34,495 | $26,329 | $24,322 | $16,850 | N/A | N/A |
| 2016 | $32,280 | $21,574 | $20,518 | $14,450 | N/A | N/A |
| 2015 | $23,930 | $18,080 | $15,036 | $10,100 | N/A | N/A |
| 2014 | N/A | N/A | N/A | $11,350 | N/A | N/A |
| 2013 | $26,571 | $21,426 | $18,889 | N/A | N/A | N/A |
| 2012 | $24,236 | $20,079 | $18,438 | $9,000 | N/A | N/A |
KBB resale values. 2027 and 2028 are KBB forecasts.
What this cannot tell you
Values as of October 2026. KBB and CarGurus national figures.
Mileage and condition change the value.
- 2 or more sources
- 1 source
- Model-level, rule or estimate