The resale value is plummeting because Tesla is cutting prices because their goal is to become a larger auto manufacturer. Tesla took advantage of COVID just like everyone else to extract money from suckers. Those suckers are crying that Tesla is hurting their resale when Tesla does not give a fuck about their resale. They have a history of lowering prices to drive volume That isn't some secret plan. There are more new buyers to be had than satisfy the people who bought overpriced cars in an expanding market.
Also what evs are people cross shopping for better range per dollar. It is well documented Teslas are still among the most efficient evs.
That being said I own a Tesla because it drives itself.most places. I would rather live in a place with better public transit access to the service calls I have and not own a car at all.
Well, the only thing I’ll bother to comment on, because I have no interest in debating Tesla stans, is that the prices weren’t initially getting lowered because of some rosey-hued intention of becoming more accessible or anything like that. Prices were dropping because his antics with Twitter turned off potential buyers and he was forced to reduce prices to seem more palatable to those not completely turned off by him already, under the facade of trying to become more of a competitive brand etc etc etc. And that was before the driving range reporting, during which many owners reported being pissed that their already-depressed value cars were now worth even less, so they were probably stuck with them. Hope that response was more acceptable for you. If not, oh well.
Tesla production is growing year over year rapidly. If they want to sell higher volume they have to have lower prices. If they didn't want to sell higher volume, they wouldn't be expanding production so much.
uh huh, keep telling yourself that’s the reason, despite multiple levels of Tesla employees and customers anonymously and publicly expressing that they wished he would turn Twitter over to someone else and focus on Tesla again to keep their stock from falling more that it already was at the time. You’re not educating anyone here.