Here's How Much A 2021 Tesla Model 3 Has Depreciated In 5 Years

With well over 1 cardinal units sold since its 2016 debut, there's nary denying that nan Tesla Model 3 is simply a hugely celebrated electrical sedan. Not that its occurrence is simply a surprise. It's quiet, comfortable, and exceptionally fast. It charges quickly and achieves much than 300 miles of driving scope betwixt charges. But really does it execute successful position of depreciation?

Not very well, sadly. Generally speaking, nan projected Tesla Model 3 depreciation aft 5 years is simply a staggering 61%, according to CarEdge. On paper, that means the caller $38,380 Tesla Model 3 Standard, could beryllium worthy conscionable $14,968 5 years down nan line, leaving owners pinch a monolithic nonaccomplishment of $23,412 successful half a decade. Even so, nan Model 3 depreciates little dramatically than galore of its Tesla siblings, prevention for nan Cybertruck, which has seen a melodramatic driblet successful income of late, contempt its erstwhile fame and its more upmarket image.

Moving connected to nan 2021 Tesla Model 3, nan very aforesaid CarEdge information shows its worth will person dropped by 59% aft 5 years. This assumes that nan car is successful bully condition, had an original value of $51,380, and covered 13,500 miles successful each of nan first 5 years. But past again, depreciation is not an nonstop science, and we did find immoderate notable gulf betwixt CarEdge's quoted depreciation and nan Kelley Blue Book (KBB) figures, which puts nan 2021 Tesla Model 3 depreciation complaint astatine 51% astatine nan clip of writing. This is based connected nan entry-level Model 3's purchase value of $39,190 and existent resale worth of $19,150.

Tesla offered nan Model 3 successful 3 trim levels, pinch nan Standard Range Plus being nan starting point. It bundled heated beforehand seats, simulated leather upholstery, and wireless smartphone charging with 263 miles of range, a 7.6-kW onboard charger, and 170 kW max Supercharging. According to KBB, this type depreciates nan slightest retired of nan 3 2021 Tesla Model 3 grades, astatine 51%. 

The mid-market Long Range trim, meanwhile, adds other features specified arsenic modular all-wheel thrust (the guidelines trim is rear-wheel-drive), heated rear seats, and a 15-speaker premium sound system. It besides provides 353 miles of scope and a bigger 11.5-kW onboard charger, pinch nan car configured to complaint astatine up to 250kW erstwhile you plug successful and complaint connected Tesla's Supercharger network. 

The 2021 Long Range is deemed to person mislaid astir 55% of its worth complete nan past 5 years, fixed it cost $48,190 and has a existent resale worth of $21,600. However, nan worst-performing trim wide is nan range-topping Model 3 Performance. It has suffered a important 57% nonaccomplishment successful its worth successful nan past 5 years, going from being worthy $56,190 erstwhile caller to now having a resale worth of $24,100.

Due to factors specified arsenic artillery wellness concerns connected utilized EVs and nan changeless influx of newer models pinch amended scope and charging, electrical cars thin to acquisition higher first depreciation compared to fuel-powered models. So you'll find nan Tesla Model 3 isn't unsocial successful dealing pinch steep depreciation. In truth the Model 3 outperforms galore EVs when it comes to depreciation, and looking specifically astatine its biggest rivals for nan 2021 exemplary year, nan Polestar 2 is 1 of nan worst offenders, losing a whopping 72% of its original value tag of $61,200 aft nan first 5 years. That useful retired astatine $19,000 aliases 28% resale value. 

This fig is little than moreover nan retained worth of nan Tesla Model S, contempt nan latter's estimation for being 1 of the worst-depreciating Tesla models retired there. Based connected its starting value of $70,620 and KBB's estimate that a base-spec 2021 Model S would have a resale worth of $32,400 correct now, nan Model S' five-year depreciation stands astatine 54%.

One luxury electrical car that seems to beryllium doing moreover amended is nan 2021 Porsche Taycan. Rather than depreciate, it is seeing a monolithic roar successful worth truthful acold successful 2026, gaining complete $5,000 successful nan past fewer months alone. As a result, KBB's information says that your entry-level 2021 Porsche Taycan now has a resale worth of $45,100, up from nan $39,494 estimate at nan extremity of 2025. Given those figures are compared against the original $81,250 price, nan Taycan retains 56% of its worth aft 5 years.