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Tesla CEO Elon Musk is warning car buyers that they need to take into account that the electric vehicle transition might cause “residual values of gas/diesel cars to plummet in the coming years.



Last year, Musk claimed that Tesla vehicles are now “appreciating assets” due to their self-driving capability.

He aims for Tesla vehicles to become revenue-generating assets for their owners, but if the price doesn’t increase, the value would stillnote
depreciate since new buyers could still buy the vehicles for the MSRP.


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Elon Musk Warns That Residual Values For ICE Vehicles Will Plummet In The Next Few Years

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