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> Additionally, used Teslas are lingering on dealer lots at a similar rate to other EVs…marking a shift from a year ago when Tesla models moved more quickly than their competitors

Sounds like used Tesla prices are returning to normal rather than crashing to some other unexpected level.

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It’s a crash when they’ve been propped up for years as only lightly depreciating. Like ya they should be down this low. If you recall Tesla once even promised to pay back model S owners if their cars were worth less than a BMW? Used.

The number of people I’ve heard justify their purchase as an investment is bonkers. Just that alone I’d say calling it a crash is fair. Gonna be a LOT of people underwater.

They bought into the lie that their car would be an "appreciating asset":

https://www.businessinsider.com/musks-claim-teslas-appreciat...

https://www.businessinsider.com/elon-musk-claim-that-tesla-c...

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