Depreciation
The depreciation graph and accompanying table on our page detail how the 2023 TESLA MODEL S's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2023 TESLA MODEL S in 2023 was $62,993.
The average price for used 2023 TESLA MODEL S nowadays in 2024 is $78,000 which is 124% from the original price.
Estimated mileage driven per year is 8,455 miles.
The graph below is a depreciation curve for 2023 TESLA MODEL S. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2023 TESLA MODEL S in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2023 MSRP | 0 mi | $62,993 | — | — | 100% | 0% |
| 2024 | 16,910 mi | $78,000 | +$0 | +0% | 123.82% | -23.82% |
| 2025 | 25,365 mi | $65,763 | +$12,237 | +15.69% | 104.4% | -4.4% |
| 2026 | 33,820 mi | $62,495 | +$3,268 | +4.97% | 99.21% | 0.79% |
| 2027 | 42,275 mi | $44,450 | +$18,045 | +28.87% | 70.56% | 29.44% |
| 2028 | 50,730 mi | $40,999 | +$3,451 | +7.76% | 65.09% | 34.91% |
| 2029 | 59,185 mi | $32,000 | +$8,999 | +21.95% | 50.8% | 49.2% |
| 2030 | 67,640 mi | $27,853 | +$4,147 | +12.96% | 44.22% | 55.78% |
| 2031 | 76,095 mi | $24,996 | +$2,857 | +10.26% | 39.68% | 60.32% |
| 2032 | 84,550 mi | $22,188 | +$2,808 | +11.23% | 35.22% | 64.78% |
| 2033 | 93,005 mi | $19,998 | +$2,190 | +9.87% | 31.75% | 68.25% |
| 2034 | 101,460 mi | $18,000 | +$1,998 | +9.99% | 28.57% | 71.43% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the TESLA MODEL S’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2023 TESLA MODEL S. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2023 TESLA MODEL S by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $89,888 | 11 sales |
| 5,000 mi | $80,737 | 62 sales |
| 10,000 mi | $78,748 | 46 sales |
| 15,000 mi | $76,786 | 25 sales |
| 20,000 mi | $75,991 | 11 sales |
Frequently asked questions
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
Buying a used car can be a great value, especially if the vehicle is part of a Certified Pre-Owned program and has been well-maintained and lightly used.
Proper maintenance and good condition can slow the depreciation of a 2023 TESLA MODEL S by making it more attractive to potential buyers, thereby preserving more of its value.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
The best time of year to sell your car to minimize depreciation might be just before the release of a new model, when demand for used models could be higher.
The average depreciation rate for vehicles over five years can vary, but many models experience a significant portion of their depreciation within the first few years of ownership.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
Yes, the choice of vehicle color can impact the depreciation rate, with neutral colors typically being easier to sell and potentially holding their value better than more unconventional colors.
Other years of TESLA MODEL S
2013 TESLA MODEL S
$18,000 average used price
33,300+ sales records
2015 TESLA MODEL S
$22,188 average used price
26,900+ sales records
2016 TESLA MODEL S
$24,996 average used price
34,100+ sales records
2017 TESLA MODEL S
$27,853 average used price
30,400+ sales records
2020 TESLA MODEL S
$44,450 average used price
6,900+ sales records
2022 TESLA MODEL S
$65,763 average used price
3,200+ sales records
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