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The drop in prices of new Tesla models — some as steep as 20 per cent — also means a hit to resale value

If you bought a Tesla before the January price drop, your car’s resale value will still be affected and compounded with the December drop in used car values.

Tesla buyers across the United States are upset with the companys recent price cuts which are also starting to impact second-hand vehicles

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

The drop in prices of new Tesla models — some as steep as 20 per cent — also means a hit to resale value

Tesla owners are fretting over plummeting resale value after the company cut the price of its cars as much as 20%, part of a push by Chief Executive Elon Musk to increase sales volume in the face of weakening demand.

This is an age-old problem in the car business: Consumers buy a vehicle only to see a rebate advertised days later that would have saved them a few thousand dollars. This time it’s different because dealer discounts are often limited-time sales and Tesla’s cuts are larger than the typical rebate.