Tuesday, October 4, 2022
News There are a lot of used Tesla Model 3 models for sale...

There are a lot of used Tesla Model 3 models for sale in the U.S.

So, we all know that the Tesla Model 3 is taking its sweet time to get here. Or shall we say, to get here in sufficient numbers to meet its crazy demand and maybe even help Tesla one day turn a profit.

Well, some first buyers are trying to turn a profit of their own by reselling their Model 3 with the hopes that the excess demand will generate a significant return on investment. As Electrek first pointed out, there are plenty of Tesla Model 3s for sale on Ebay, and they are all between $5,000 and $10,000 over sticker price.

The problem is, there not selling. It would seem that nobody can make money with the Tesla Model 3…

Ok, that wasn’t fair. The Tesla Model 3 is a great car we’re sure of it, and Tesla has done some great things. They are just not quite adept yet at bringing their ideas to market efficiently. That means that the Model 3 has a lot of interested buyers, but Tesla doesn’t have enough cars for them yet.

That brings us back to the pre-owned market. There are quite a few Model 3 units for sale on Ebay, and they are basically all priced at more than $ 60,000 US. Of course, they are not selling.

There are a few problems that explain why these cars aren’t selling. For one, the Model 3 is adored because it’s the affordable Tesla. Millions of buyers have been dreaming about the Model S for years, but they can’t afford one. That’s fair, not a lot of people can. So then Tesla does the smart thing and brings in a sub-50k Model 3 and the world goes bonkers. End result? Hundreds of thousands of pre-orders, most of them explained by the fact that people want a Tesla, they just don’t want to shell out a hundred grand for it.

These buyers, well, they won’t pay above the PDSF. So that’s one reason. The next reason is that for that amount of money, you can almost actually get a Model S. So who’s going to buy a pre-owned Model 3?

This trend should die out soon…

 

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Charles Jolicoeur
Charles Jolicoeur was studying to be a CPA when he decided to drop everything and launch a car website in 2012. Don't ask. The journey has been an interesting one, but today he has co-founded and manages 8 websites including EcoloAuto.com and MotorIllustrated.com as General Manager of NetMedia360. He also sits on the board of the Automotive Journalists Association of Canada. Send me an email

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