Even used it’s still pricey

The San Francisco Chronicle reports on the trend so far with the Tesla resale market:

An analysis of used Model S sales finds that while not many have hit the market so far — just 1,600 — they typically command prices well above $50,000. At the same time, they’re attracting buyers who are a little younger, a little less affluent and less likely to live in California than the typical Tesla driver.

“The way we think of the new Model S buyer is a wealthy tech executive living in the Bay Area — that’s the image in pop culture,” said Jessica Caldwell, director of industry analysis for the Edmunds.com auto information service. “If you have a lower price point, you’re going to get a larger, more diverse pool of people.”

Used EVs, including Teslas but also LEAFs and other models, will be cheaper and help to reach a much larger market. But they will also compete with cheaper, better-range vehicles that will be coming on-line in the next few years. Still, it will be hard to beat a cheap 200-mile used Tesla Model S for the foreseeable future.