Tesla Model S Plaid Loses Nearly $100k in Value in 2 Years

> Conner’s 2022 Model S Plaid cost a whopping $140,940 after options and fees to buy.

A new Model S Plaid today with the same configuration as his only costs about $100k after all taxes and fees, so isn't a big reason for the depreciation just that the cost of new ones has come down so much?