According to an iSeeCars study, used Tesla prices have fallen the most. The Model S fell by 17.2%, the Model 3 by 10.9%, and the Model Y by 13.1%.
Tesla has accumulated thousands of unsold Cybertrucks and is sharply reducing production. The company is discounting old stock with discounts of up to $10,000, as sales significantly lag behind plans.
Elon Musk's company is recalling over 46,000 Cybertruck electric vehicles manufactured in the last 15 months. The reason is body parts that may come loose, increasing the risk of accidents.