US man spent $200,000 on four Teslas and ended up losing huge amount when he sold two of his Model 3 cars

After some time, he decided to sell two of those Teslas.

It didn’t go well.

The reason(s) why some Teslas depreciate faster than gas cars

Andy Slye, a guy who built his YouTube channel around Tesla content, bought four Teslas over seven years for a total of $200,000.

His goal was to use them and then resell them, hopefully for a profit.

Or he was at least hoping not to lose too much money on them.

But it didn’t go too well.

Andy Slye

Depreciation is driven by battery technology advancements, which generally make older models feel outdated, and then Tesla’s ‘dynamic’ pricing strategy doesn’t help.

When it was launched, pricing started at around $100,000, but demand was through the roof and the truck was selling for $150,000 or more.

Andy Slye

A few months later, the ‘base’ model was launched, and that cost around $70,000.

This means that the MSRP today could look like a bargain six months from now, but it could also look like the buyer mistimed the market.

Here’s how much this Tesla Model 3 owner lost

Andy Slye

Even though Slye didn’t provide an exact cumulative total of his financial losses across all four vehicles, he did give us some numbers for the two cars he sold recently.

The first one was a 2018 Long Range RWD Model 3, which he bought for $56,000 and then sold seven years later for – hang on because it’s a huge drop – $19,000.

That’s a 60 percent depreciation over seven years.

The second car he sold was a 2025 Model 3, which originally cost him $46,000.