WE LOST A HUGE AMOUNT OF MONEY SELLING OUR TESLA MODEL 3

EV Channels Review

The TFL team recounts their experience selling a 2023 Tesla Model 3 Performance after just one year and approximately 17,700 miles, resulting in a significant financial loss of nearly $21,000. The video attributes this steep depreciation primarily to Tesla's aggressive new car price cuts throughout 2023, which devalued used models, and the subsequent influx of ex-Hertz rental Teslas flooding the market. While the Model 3 Performance is praised for its acceleration and handling, its exterior styling is noted as being too similar to lower trims, making it indistinguishable to the average observer. The review highlights that while it's an opportune time to buy a used EV due to these market conditions, potential buyers should be wary of higher interest rates and the risks associated with ex-rental vehicles. The team also touches upon Tesla's pricing strategies for the Cybertruck, expressing dissatisfaction with the 'Foundation Series' pricing and feature set.