Tesla Cars' Unique Depreciation Issues
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unique reasons Tesla carsGOBankingRates
•Technology
Technology
Teslas depreciate faster than other cars due to rapid advancements in EV technology, frequent price cuts and concerns about battery longevity
62% Informative
Tesla cars depreciate quickly due to rapid advancements in EV technology, frequent price cuts and concerns about battery longevity.
As the technology advances in new models, the older ones tend to go out of date quickly.
Older Teslas might not support new Full Self-Driving features, because they lack the latest chips or sensors.
This can impact depreciation, since buyers often want the latest tech, and older models may lose value faster.
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