YouTuber Kyle Conner, from Out of Spec Reviews, recently had his 2022 Tesla Model S appraised, expecting a reasonable return, but was shocked when it was valued at just $46,400—67% less than the original $140,000. Other appraisal sources like Edmunds and Consumer Reports offered similar low valuations around $59,000.

TikToker Chris Pearce pointed out that a BMW M5 CS, bought for the same price, retained nearly all its value. A study by Diminishing Value Carolina revealed that Teslas depreciate much faster than brands like GMC and Porsche, with other models like Alfa Romeo, Maserati, and Volvo also experiencing rapid depreciation.