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Sell-or-hold analysis
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.
Median asking prices aggregated weekly from active dealer and auction listings.
| Week ending | Low (P10) | Expected (P50) | High (P90) |
|---|---|---|---|
| Nov 8, 2026 | $56,192 | $57,200 | $58,218 |
| Nov 15, 2026 | $55,984 | $57,168 | $58,343 |
| Nov 22, 2026 | $55,934 | $57,263 | $58,544 |
| Nov 29, 2026 | $55,871 | $57,319 | $58,699 |
| Dec 6, 2026 | $55,692 | $57,271 | $58,777 |
| Dec 13, 2026 | $55,625 | $57,314 | $58,939 |
| Dec 20, 2026 | $55,594 | $57,352 | $59,052 |
| Dec 27, 2026 | $55,547 | $57,353 | $59,107 |
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.
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.
Our forecast shows the rate of decline narrowing but not stopping. Watch the 60-day forward P50 below — when it crosses into a flat band (less than 1% monthly drop), that's the structural floor signal.
The next step is a 30–60 day market-risk review of five vehicles, read alongside the valuation tools you already use.
Last updated November 1, 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.