No. of Recommendations: 1
Not quite $40,000. The 2020 Model Y (LR AWD) sold for $53,990 early on and then was reduced to $50,990. So the depreciation was somewhere between $25,990 and $28,990 (according to google and their AI). Of course $25,000 may be more or less than the seller received from Tesla for their trade-in.
Another data point.
In 2025 I bought a 2022 Model Y LR AWD from Tesla for $21k after the $4k EV tax credit.
The price of a new one during 2022 fluctuated between $62,990 to $67,440.
After backing out the $4k credit someone still ate $38-42k in depreciation, so call it $40k.
