Tesla has dropped their prices for the third time in as many months, creating a demand spike for new cars. But the knock-on effect on used Teslas is impacting prices significantly. Elon Musk, Tesla’s CEO, has been brutally honest about the impact of these moves on the resale value of older models, saying he is “not trying to screw over” existing customers. We also explore what this means for potential buyers and sellers of used Teslas and whether it is still worth investing in a Tesla vehicle.
