Time is money, and when it comes to the well-heeled folks who can afford to buy a Tesla Model S luxury electric sedan, that time becomes all the more expensive. That's the explanation behind an iSeeCars survey that found that a typical used Model S is priced higher than the new ones coming from the factory, Forbes says.

And it's not even close. Used Teslas are listed at an average price of $99,734, which is far more than the base $69,900 Model as and quite a bit more expensive than the top-of-the-line $89,900 model, both of which provide buyers with a $7,500 federal tax credit. iSeeCars pulls its numbers from 45 million used-car listings (not all of them for the EV, of course). The reason behind the discrepancy appears to be that anyone interested in a new Model S is put on a waiting list, so it can take some time before the impulse buy becomes reality. Also pushing the used car price upwards is the fact that most of the Teslas for sale on the secondary market were top-of-the-line versions to begin with, which bore higher-than-base price tags.

California-based Tesla sold about 6,900 Model S vehicles during the fourth quarter last year, beating out the Nissan Leaf and the Chevrolet Volt to become the top-selling plug-in vehicle in the US. About 22,300 Model S vehicles were sold last year.


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  • 50 Comments
      posthuf
      • 10 Months Ago
      Expensive cars subsidized by the poor and middle class taxpayers so the rich and shameless can have a fancy electric car (they could well afford on their own) to show the world how much they "care" about the environment.
        Arne Hoem
        • 10 Months Ago
        @posthuf
        I believe we need "risk takers" to start using EV's so Tesla will be able to develop mod E. Then you all can afford a nice EV … Two main things I hear if I start talking about mod S: How bad the car is: (range in winter. how quick I have to buy a new battery etc etc. …and in the same sentence: How rich and famous I am because I have this awesome subsidized car …..
        Joeviocoe
        • 10 Months Ago
        @posthuf
        Yes, subsidized by everyone... so Tesla could eventually make the mass market car. If Tesla failed to sell many Roadsters and Model S cars for the rich... they would have gone under, and nobody would be getting the Model E. Subsidies are usually indirect methods. Just like how subsidies for mass transit indirectly help the overall economics of the metropolitan area, rather than directly helping any one group
        m_2012
        • 10 Months Ago
        @posthuf
        Its a deduction. You never took a mortgage deduction or deduction for kids? These cars needed to succeed at high price and profit to fund future, less expensive models. New technology is always more expensive. And yes, any car that gets nearly 100 MPG is better for the environment. Also, we shouldnt be dependent on foreign countries or speculators.
      jeff
      • 10 Months Ago
      The Model S is a great car and so far has great resale value, but this notion that a used car is more than a new one is just silly...
      bluepongo1
      • 10 Months Ago
      ebay has the same trend with the Tesla vehicles. (>_<)
      Naturenut99
      • 10 Months Ago
      Yeah, when you compare a new small battery pack model with no options versus a used model with Big battery pack and most to all options... Yeah the slightly used one is worth more because of the $20-50,000 worth of options on it. Simple math. Although, the large number of drool worthy options isn't exactly simple to turn down.
      Rotation
      • 10 Months Ago
      You'd have to be insane. The wait list is only a few weeks long. And if you can't wait that long, talk to the Tesla dealer about buying one of their demo models. There's actual big news today, BMW killed all the low-end configs of the i3 at least for the time being. They basically did a Tesla "Signature" config.
        jeff
        • 10 Months Ago
        @Rotation
        The wait list for a Model S is 4-6 weeks for a P85 with priority shipping... It is over 90 days for a S85 or S60..... I am looking at 95 days from confirmation to delivery...
      magus47
      • 10 Months Ago
      WOW Where can I drop $100000 on a car I can't take on vacation. This as are all electric cars are a piece of high priced junk. I guess this is just the thing for ultra rich to tour the estate. I am so glad MY taxmoney is helping the rich attain this dream. Gee how abut we try to build an affordable highbryd that burns alcahol? Or do something simple and easy. Here is a CRAZY though that would save millions of gallions of gas and substationaly lower emissions. How about if CONGRESS gets off their lazy butts and passes a law that no car be sold in America that has a engine over 200 CI or more than 200 HP. Ya know how crazy that is? For 99% of us we wouldn't notice the difference. Only the "Mine is bigger than yours," crowd would be effected. Well we can't expect THEM to sacrifice for the WORLD can we?
        rubley00
        • 10 Months Ago
        @magus47
        You can drive across the entire United States for FREE on the Supercharger network. " I am so glad MY taxmoney is helping the rich attain this dream." - Never claimed a deduction for children? Or mortgage interest? You realize those are subsidies, right?
      m_2012
      • 10 Months Ago
      These are $110K cars that are going for $100K. Great resale but this article shouldn't be trying to portray that the used cars are more than new. A $80K new one will go for less than $80K. Duh
      robertdrake777
      • 10 Months Ago
      Never having to wait in line for gasoline like your in a soup line is the great appeal of this car! Getting Gasoline now becomes something that other less fortunates have to do.
      Naturenut99
      • 10 Months Ago
      Yeah, when you compare a new small battery pack model with no options versus a used model with Big battery pack and most to all options... Yeah the slightly used one is worth more because of the $20-50,000 worth of options on it. Simple math. Although, the large number of options isn't exactly "simple".
      Grendal
      • 10 Months Ago
      Trying not to be hypocritical here. This is a bogus article. Tesla's depreciate just like every other car. They are production limited, so their resale value is quite high though. A few might be sold for more than their initial price to a rare customer that is in a rush to buy but that is it. Trust me that I am always looking for a good deal on a Model S and there have been a rare few that are "not bad." There have been no fantastic deals that I have seen.
        • 10 Months Ago
        @Grendal
        Why would be interested in a car that's going to leave you stranded? You can't take a trip in it without planned stops and lengthy charging times. You could buy a Tesla for running back and forth to work but you'd also have to buy something sensible to travel in.
        Joeviocoe
        • 10 Months Ago
        @Grendal
        Yeah... it is easy to find some exceptions to the rule... and make sensational headlines. But there are always some catch.
        Joeviocoe
        • 10 Months Ago
        @Grendal
        Yeah... it is easy to take an exception, as the rule.
      2 wheeled menace
      • 10 Months Ago
      So.. hey.. what happened to that whole 80% EV depreciation thing? :)
        Grendal
        • 10 Months Ago
        @2 wheeled menace
        I just saw that on Fox News so it must be true. - sarc.
      Joeviocoe
      • 10 Months Ago
      Who cares what a car is "Listed" for? What are the used Tesla's "selling" for? Listing prices are high for various reasons. Some Used Car dealership lots tend to keep a popular halo car for marketing purposes, just to attract business. They price them 'not to sell' very quickly (unless they meet a truly impatient buyer willing to pay much more).
        Marco Polo
        • 10 Months Ago
        @Joeviocoe
        @ Joeviocoe Very true, also, lot of the cars appearing on internet car sales sites, are just 'c'mon' ads to generate enquiries.
          Joeviocoe
          • 10 Months Ago
          @Marco Polo
          For Danny King, if it is on the internet.. it must be news
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