The Tesla Model S holds its value better than many other electric vehicles 🚀. It is known for retaining a significant portion of its original price over time, which is partly due to its advanced technology and strong brand reputation 💻.
When compared to other EVs, the Model S generally performs well, although its five-year depreciation rate is around 55.5%, which is slightly higher than some other Tesla models like the Model 3 📊.
The Model S’s strong resale value is also influenced by its luxury status and the fact that it is seen as a leader in electric vehicle technology, making it more desirable to buyers 💸.
In contrast, many other electric vehicles depreciate faster due to factors like government incentives and rapid technological advancements 🚗.
Overall, while the Model S does lose value over time, it remains one of the best-performing electric vehicles in terms of resale value 📈.