FiveAlive
Active Member
Heavy depreciation is the same with any technology that is still developing rapidly. Think back to how much your first PC or laptop cost compared to the much better model that you would buy now. In time, electric cars will be sufficiently good that depreciation from technological improvements will tail off, but that is still a few years away.This why Tesla and Tesla Financial services buy a lot of their own cars back, to artificially inflate the residuals. Its also why he keeps banging on about robo taxis, its just another way of keeping the product from depreciating too heavily until the technology moves on. If you consider the first Tesla Roadster was unsupported a few years ago (it was only made between 2008-2012) and parts are no longer made for it it doesn't bode well for the 'electric future'.