Here's How Much A 2021 Tesla Model S Has Depreciated In 5 Years - Jalopnik
Jalopnik
Last updated: May 26, 2026
The Tesla Model S is recognized as a groundbreaking electric vehicle that redefined expectations for EVs. Despite its technological advancements and impact on the automotive industry, the Model S, like many vehicles, experiences depreciation. This summary outlines the depreciation trends and current resale values for the 2021 model year.
- The Tesla Model S, introduced in 2012, demonstrated that electric cars could be fast, efficient, stylish, and practical, incorporating advanced technology and safety features. It is considered a pivotal car in the history of electric vehicles.
- The 2021 Model S was released with updated Long Range and Plaid trims. The Long Range Plus 4D variant had an initial price of approximately $70,620, and the high-performance Plaid model started at $141,190.
- According to Car Edge, the 2021 Model S depreciates by about 69% after five years, with the most significant value loss occurring in the first three years.
- Factors such as the car's condition, specific trim level, and mileage influence its actual resale value.
- Kelly Blue Book (KBB) forecasts depreciation rates that are comparable to other valuation sources.
- KBB estimates the 2021 Tesla Model S to have a resale value around $34,000 and a trade-in value of approximately $33,200.
- The 2021 Model S Plaid, noted for its rapid acceleration, has an estimated trade-in value of $46,800 and a fair purchase price of about $50,300.
- Compared to the Model S, the Tesla Model 3 exhibits a slower rate of depreciation over a similar five-year period.
