The depreciation we’re seeing may genuinely be wealth gap related. The people on one side of the gap want a new Tesla rather than a used one, and on the other s

The depreciation we’re seeing may genuinely be wealth gap related. The people on one side of the gap want a new Tesla rather than a used one, and on the other side you may not have stable charging infrastructure i.e. in an apartment, don’t want to pay an electrician to upfit their house, or are just straight up hanging back on older cars. I, for one, bought a used electric car recently for over half off the MSRP and it’s been an excellent car. It’s quiet, it’s fast, if I sit in my garage for 5 minutes when I arrive and answer a text message blowing the air conditioning that’s fine. I even just charge with the 120V outlet. But if you don’t have the ability to charge at home or work, it’s going to be more annoying than visiting a gas station, so likely better to stick with ICE for now.