Sell-or-hold analysis
Is the 2023 Tesla Model S still losing value in 2026?
Yes — but slower than 12 months ago. The 2023 Model S has been the worst-performing Tesla on resale since 2024, with year-over-year drops of 25-30% through most of 2025. The 60-day forecast below shows whether the slowdown has finally bottomed or has more downside.
Model S resale is structurally weak because Tesla cut new-car pricing aggressively, the model hasn't had a meaningful refresh since 2021's Plaid update, and Lucid Air / EQS have taken share at the premium-EV-sedan tier. Whether to sell now or hold depends on the forward band, not the past two years of pain.
2023 Tesla Model S price history
Last 26 weeksMedian asking prices aggregated weekly from active dealer and auction listings.
Common questions
Plaid vs Long Range — which 2023 Model S held value better?
Plaid held roughly 6-8% more value than Long Range over the past 12 months because the buyer pool is enthusiast-skewed and less elastic to incentive churn. The Plaid premium at new was ~$25,000; at used resale that premium is currently ~$15,000-$18,000.
Should I keep my 2023 Model S past 100,000 miles?
If you've already crossed 60,000 miles, the per-mile depreciation penalty is no longer the dominant cost — battery degradation and warranty expiration timing matter more. Tesla's 8-year/150,000-mile battery warranty on Long Range and Plaid means selling well before that limit recovers more value than after.
Are 2023 Model S prices about to stabilize?
Our forecast shows the rate of decline narrowing but not stopping. Watch the 8-week forward P50 below — when it crosses into a flat band (less than 1% monthly drop), that's the structural floor signal.
Track the Model S floor with our live 60-day forecast
See the live 60-day forecast band, weekly market refresh, and price alerts for every CarCast-tracked vehicle.
Last updated August 2, 2026. Forecast refreshes weekly from live dealer listings.
Forecasts and trend classifications are informational analytics only and do not constitute financial advice or a recommendation to purchase, hold, or sell any vehicle. Individual market conditions vary.