A 2021 Tesla Model S still asks 40% of what a 2026 one does — that's how much value it holds after 5 years. Among 37 sedans we price, that ranks #36, below the 58% class median. The steepest single-year drop comes at year 2 (−44.8%), after which losses ease to about 21.4% a year. Mileage costs it 62%: the same car reads 100k–150k instead of Under 40k miles. Calculated from 154 listings.
Tesla Model S value by year
| Year | Trade-in | Median | Dealer | Listings |
|---|---|---|---|---|
| 2026 | $116,985 | $150,000 | 3 | |
| 2024 | $66,985 | $76,900 | 3 | |
| 2023 | $64,992 | $74,900 | 4 | |
| 2022 | $18,300 | $44,995 | 5 | |
| 2021 | $21,750 | $65,000 | 5 | |
| 2020 | $32,679 | $39,495 | 6 | |
| 2019 | $19,999 | $39,995 | 7 | |
| 2018 | $16,119 | $37,999 | 9 | |
| 2017 | $14,119 | $24,900 | 15 | |
| 2016 | $13,990 | $27,990 | 24 | |
| 2015 | $11,900 | $21,900 | 23 | |
| 2014 | $10,000 | $14,999 | 19 | |
| 2013 | $10,400 | $16,995 | 24 | |
| 2012 | $8,800 | $13,900 | 7 |
How the Tesla Model S depreciates
The newest Tesla Model S has a median asking price of $135,985; a 14-year-older one runs about $11,980 — roughly 91% lost over 14 years (compare the typical depreciation curve by age).
Does the Tesla Model S hold value better than its rivals?
Over the same 5 years the BMW 740i keeps 44%, against 40% for the Model S. The BMW 740i holds value better than the Model S.
The Tesla Model S market right now
Adjust your Tesla Model S value for mileage
Crossing 100k miles costs a Tesla Model S about 62% of its under-40k asking price:
Trade-in, private-party & dealer price
For a 2017 Tesla Model S: a dealer trade-in offer is around $14,119, selling private-party nets about $19,995, and a lot asks near $24,900 — a $10,781 spread on the same car.
What sellers really ask, from our own listings: for the same model year, the Model S costs a median 11% more from a dealer than from a private seller, across the 3 recent model years with enough of both. Title, state and mileage effects are on the Tesla Model S price page.
| Model year | Private seller (listings) | Dealer (listings) | Dealer vs private |
|---|---|---|---|
| 2022 | $40,000 (7) | $45,082 (20) | +13% |
| 2021 | $46,020 (6) | $45,450 (27) | −1% |
| 2019 | $26,950 (5) | $29,798 (10) | +11% |
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Tesla Model S value FAQ
How much is a Tesla Model S worth?
It depends mostly on the model year: in our listings the median asking price runs from $11,980 to $135,985 across 14 model years. A 2017 is worth about $19,995, the median of 15 listings.
How much does mileage cut a Tesla Model S's value?
Among Model Ss from the last eight model years, those with under 40,000 miles ask a median $59,995, and those with 100,000 to 150,000 miles ask $22,990; crossing 100,000 miles alone costs about 62%.
Is a Tesla Model S cheaper from a dealer or a private seller?
Usually from a private seller: for the same model year, dealers ask a median 11% more, across 3 recent model years in our listings.
Does the Model S hold value better than the BMW 740i?
No: over 5 years the Model S keeps 40% of its value and the BMW 740i 44%, by the median asking prices of the 2026 and 2021 model years.
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