Jan. 2 at 4:56 PM
$TSLA $DRIV According to iSeeCars, Teslas depreciate faster than other cars, especially electric vehicles. Teslas lose about 48.1% of their value after five years, while the industry average for non-luxury cars is 36.8%. A recent study found that the average used EV price fell nearly 32% in the past year, compared to a decline of just over 3% for gas-powered cars. However, Tesla does well among its luxury peers. CarEdge ranks Tesla in the top 3 among luxury brands for the 5-year and 7-year periods.