This will be mostly based on production of new cars over all and the improvements in tech with batteries. As long as there is supply constraints, value will hold.
Development of solid state batteries will have a strong correlation with value of current gen EV’s
To clarify... so in 5 years, maybe $250k, 10 yrs $210k and 20 yrs $190k?
Understood, but my guess is it still depends on the volume of Airs that Lucid eventually produces. Tesla made the initial Model S in "Signature editions", but AFAICT they haven't held in value like the Roadsters because of the similarity with other Model S's, which are in plentiful supply. https://www.auto.com/cars/tesla-mod...sting_id=5db41dcf-dd86-4571-b390-c4a297bb301d
I meant as typical for new car depreciation - if you paid $200k, in 5 years you may be able to get 80K for it, 10 years $40k, 20 years $20k. With few exceptions, new cars and new technology do not hold their value well. I sold a 10-year-old Maserati for 20% of what it cost me new, even though only a couple hundred were ever made. Even most production Ferraris depreciate, despite production quantities being intentionally limited to maintain exclusivity. When solid-state batteries make it to market (or lithium-sulfur, or something else with higher energy density and lower cost), used EVs will take a step change down in value.
... though I guess the Model S is different because it wasn't Tesla's first model.
Yeah, that's what I was thinking... Will the DE value like the first Roadster, or more like the first edition of the Model S... big difference...... though I guess the Model S is different because it wasn't Tesla's first model.
