Despite Elon Musk’s 2019 claim that Teslas would not depreciate, the value of its models have been in freefall.
In 2019, Musk claimed that Teslas would not depreciate, as its autonomous technology would make their value rise, notably claiming that the value of a Model 3 would appreciate to $200,000.
However, the value of Teslas have been in freefall, with the Tesla Model 3 actually having one of the highest depreciation rates of any car.
Dear Representative,
I am concerned by Tesla’s deployment of its experimental self-driving software on public roads. I note that data from the National Highway Traffic Safety Administration shows that this technology has been implicated in over 1,000 crashes, dozens of which have been fatal. I urge you to act by calling for more stringent regulation of Tesla’s self-driving software. Tesla escapes the regulatory scrutiny we rightly place on other self-driving cars. I call on you to address this issue by demanding that Tesla is held to the same standards we demand of other self-driving vehicles.
Sincerely,