The value of second-hand Tesla cars has collapsed since the electric-vehicle maker embarked on a series of price cuts for new models in the past six months, according to sales data.
The value of a new Model 3 with a long-range battery bought in January this year in the UK for £57,435 is forecast to fall 46 per cent to £31,300 by January 2024, according to industry pricing agency CAP HPI.
This compares with only a 4 per cent fall over 12 months for the same model purchased in September 2021, which cost £48,435 new and was worth £46,300 a year later.
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