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.

Read Article

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

About the Author