Tesla's steep price reductions are fueling used eletric vehicle sales

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Tesla's steep price reductions are fueling used eletric vehicle sales - Business Standard

Quick Summary:

Overall, it’s taking dealers longer to sell used EVs than internal combustion engine-powered cars, according to auto researcher Edmunds.

The US manufacturer hasn’t substantially updated its four-year-old Model Y sport utility vehicle, and its refresh of the Model 3 didn’t drastically alter the look of the sedan introduced seven years ago.

Since early last year, the cars rolling off Tesla Inc.’s California assembly lines have been selling for steadily lower prices.