Tesla Model Y depreciation: value by age
Value kept after 3 years
70%
- Loses 30% in 3 years.
- 2023 Standard AWD. New: $45,630. Now: $32,100.
- Median SUV at 3 years: 63% kept.
- Value now: KBB fair price.
| Model year | Age | Trim | Original MSRP | Value now | Source | Kept | Lost | Lost per year |
|---|---|---|---|---|---|---|---|---|
| 2024 | 2 | Standard RWD | $44,630 | $34,100 | KBB fair price | 76% | $10,530 | $5,265 |
| 2023 | 3 | Standard AWD | $45,630 | $32,100 | KBB fair price | 70% | $13,530 | $4,510 |
| 2022 | 4 | Long Range AWD | $64,190 | $29,700 | KBB fair price | 46% | $34,490 | $8,623 |
| 2021 | 5 | Standard Range RWD | $41,190 | $25,100 | KBB fair price | 61% | $16,090 | $3,218 |
| 2020 | 6 | Long Range AWD | $54,190 | $26,200 | KBB fair price | 48% | $27,990 | $4,665 |
- Biggest drop
- Age 3 to age 4: $20,960 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 | $35,072 | $29,159 | $32,200 | $28,790 | $25,916 |
| 2023 | $49,809 | $33,117 | $28,071 | $30,300 | $27,608 | $25,681 |
| 2022 | $40,175 | $29,529 | $23,861 | $27,800 | $25,027 | $22,928 |
| 2021 | $33,854 | $25,553 | $22,397 | $23,600 | $20,952 | $18,745 |
| 2020 | $35,429 | $26,017 | $21,384 | $24,700 | $21,917 | $19,599 |
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