Tesla still commands a 40+ percent share of the US EV market, but demand is down 11 percent Jan-June, and it’s not only declining new car sales that are causing alarm. The brand also dominates a list of the used cars whose value is dropping hardest.

Related: Tesla Suddenly Wants You To Buy Now After Years Of Opposing EV Credits

The Elon Musk-headed automaker bagged four spaces in the top 10 list of biggest losers collated by the data crunchers at iSeeCars, and a fourth Tesla also found its way onto the chart.

Including one other brand’s value-shedding model, EVs accounted for five of the 10 cars judged to have shed the biggest percentage of their value in 10 months. And that’s despite electric vehicles only accounting for 3.3 percent of the 1- to 5-year-old used market.

Tesla Tops the List of Falling Used Car Values

The study found the Model S suffered the biggest percentage price drop – though not the biggest dollar drop. The sedan’s average price in June 2025 was $46,700, which is 15.8 percent or $8,800 lower than it was 12 months earlier.

The Model X SUV actually lost more money – $9,500 – but due to its higher initial price, that drop only represented a 15.5 percent fall, putting it in second place. Third spot went to the Model Y, which fell $4,600 or 13.6 percent, probably in part due to the arrival of a facelifted version of the SUV this spring.

TOP 10 USED CAR PRICE DROPS

The Model 3’s value slid 9.4 percent, putting it in sixth spot, behind the fourth-place Ford Explorer hybrid (down 10 percent) and Jeep Gladiator (fifth place, down 9.6 percent). And Porsche’s Taycan lost 7 percent of its value, earning it eighth place, meaning all five of the EVs on the list lost far more than the average EV, whose value fell by 4.8 percent.

Sandwiched between the Model 3 and the Taycan is the Maserati Levante (seventh place, down 7.9 percent), and the top 10 is rounded out by the Chrysler Voyager (ninth, down 6.6 percent) and Lincoln Aviator (tenth, down 5.9 percent).

Used EV Values Lag Behind the Market

All five EVs on the list fell significantly more than the average for used electric vehicles, which dropped just 4.8 percent. By contrast, used internal combustion engine (ICE) vehicles actually gained in value slightly, up 5.2 percent on average over the same 12-month period.

The study appears to show that American consumers are less interested in EVs as used cars, and that sentiment is likely to carry over into future years as this September’s scrapping of EV tax credits begins to take effect and the ripples are felt in the used market.

Any investors praying Tesla’s awful sales performance in the first quarter of 2025 was merely a blip have just had their hopes dashed. The troubled automaker announced its Q2 numbers and they show an even bigger year-over-year decline than the ones covering January to March.

Also: A Model Y Drove 30 Minutes To Deliver Itself To Its New Owner

Global deliveries declined 14 percent in Q2, falling from 410,244 to 384,122, making the most recent quarter’s performance marginally worse than Q1’s. For that period Tesla recorded a 13 percent drop after sales sunk by 50,000 to 336,681 units.

Sales Still Centered on Model 3 and Model Y

Tesla didn’t offer a complete breakdown of its Q2 numbers by model or region, but it did reveal that the Model 3 and Model Y accounted for practically all of its sales. The automaker delivered 373,728 Model 3 and Y EVs, and only 10,394 of its other cars, which include the Model S, Model X and Cybertruck, combined. The electric automaker also said it produced over 410,000 vehicles of all types.

Although delivery figures aren’t exactly the same as sales numbers, they’re close enough to give us a solid idea of the problems faced by Tesla, and the buying public’s apathy for its cars. Those problems include widespread dislike of Tesla CEO Elon Musk due to his vocal right-wing opinions and association with DOGE and the Trump administration, which is one of the reasons sales have cratered in Europe in recent months.

TESLA Q2 SALES

Intensifying Competition in China and Beyond

And in China, a key market for Tesla, the American brand is battling against a slew of hi-tech rivals that seem intent on pushing prices downwards to the detriment of profitability. Some of those same Chinese rivals are also now causing Tesla problems in other markets. In April BYD sold more EVs than Tesla in Europe, where the Model Y and 3 are struggling to regain their sales form despite recent facelifts.

Although Tesla’s Q2 performance looks dire, the figures aren’t as bad as some analysts had feared. And Deepwater Asset Management’s Gene Munster predicted the quarter represented a bottoming out for Tesla, which could bounce back in future periods, CNBC reports. Tesla will announced its complete Q2 financial results on July 23.

The Model S and Model X currently account for less than 5% of Tesla’s annual sales, but despite this, they have been updated one more time. The changes made to the two EVs are relatively minor, particularly compared to the overhauled Model 3 and Model Y launched over the past 18 months, but for those seeking the most premium Teslas on sale (Cybertruck excluded), they will be welcome.

Subtle Exterior Tweaks

From a visual standpoint, there’s not much to distinguish the refreshed Model S and Model X from the outgoing versions, which were originally introduced in 2012 and 2015, respectively, meaning they’ve now entered their 13th and 10th years in production

However, the Plaid versions of both models feature newly designed front bumpers, giving them a slightly more aggressive look. Whether or not that’s an improvement is up to personal taste, but there’s no denying that, despite the Model S’s basic shape being 13 years old, it still looks good. The Model X, on the other hand, remains as porky as ever.

Read: Why Tesla Pulled The Model S And X From China

Sticking with the visual updates, both models get new wheels. The Model X sports 20- and 22-inch rims, the latter being a $5,500 option, while the Model S can be configured with new 19- and 21-inch wheels, with the larger ones priced at $4,500.

Tesla has also incorporated a new and improved camera into the front bumper, while the headlights have been updated with new adaptive functions. According to Tesla, the changes made to the exterior of the Model S Plaid also enhance its high-speed stability.

Tesla Model S

Elsewhere, the new Model S and Model X can be optioned in a new shade known as Frost Blue, which is a $2,500 option. Furthermore, a regular steering wheel is standard, with the Yoke being offered only on the Model X as a $1,000 upgrade (or is that a downgrade?).

Mechanical Changes and Refinements

Much like the most recent updates made to the Model 3 and Model Y, Tesla has also made some upgrades under the skin of both models, although they don’t go as far as the 3 or Y. They include new bushings and an updated suspension ride, which the carmaker says should improve the ride. Other alterations also promise to make the cabin even quieter, thanks in part to a better Active Noise Cancellation system.

Interior Touches and Price Adjustments

The interior of both models has been largely retained from the outgoing model. With that being said, configurable ambient lighting has been added to the dashboard, door panels, and around the center console. Tesla has also proudly boasted of a unique animation for the ambient lighting when the EV is started up, not something you get on the cheaper 3 or Y.

We all know that Tesla loves to chop and change prices on a whim, so it comes as no surprise that both these new models command a premium over the outgoing ones. The Model X will still be offered in Long Range and Plaid guises, priced from $89,990 and $104,990, both increases of $5,000. Similarly, the Model S is available as a Long Range or Plaid, with prices starting at $84,990 and $99,990, respectively.

Tesla Model X

Just because you see something funny or interesting online, that doesn’t mean you should try to copy it. The occupants of a Tesla Model X Plaid have learned that the hard way while trying to replicate a video featuring a Porsche 911 Turbo S went awry. Thankfully for all of us, the fail was caught on film and shared online for our viewing pleasure.

Read: Why Tesla Pulled The Model S And X From China

Last week, the owner of a Porsche 911 Turbo S shared a viral video on Instagram that demonstrates how quickly the flagship sports car launches off the line. In the clip, the owner’s young son is pinned so forcefully into the backrest of the passenger seat that he’s able to lift up his legs, essentially floating as the Porsche picks up speed.

While viewers were quick (and rightfully) to criticize the father for not securing his kid with a seatbelt, the internet still ate it up, as the post has racked up over 12 million likes. Go figure.

A Copycat Stunt Goes Predictably Wrong

Eager to replicate this clip, inevitably in an attempt to go viral, two men in a Model X Plaid had the amazing idea of doing the same. But it seems as though they completely forgot about the EV’s regenerative braking. The result? The passenger ends up smashing their head into the windshield.

Acceleration test with no belt… Wonder if this knocked any remaining brain cells back online
byu/KiddieSpread inCrazyFuckingVideos

Like the Porsche, the Model X Plaid can accelerate quickly enough to pin the passenger into the seat, allowing him to briefly lift up his legs. However, as soon as the driver lets off the throttle, the passenger goes flying forward and his head smashes into the windshield when the SUV starts to brake. His head hit the glass so hard that it shattered, and in all likelihood, he was probably left with a hefty concussion.

Making things even worse for the occupants is that the Model X’s windshield is particularly expensive to replace as it stretches much further back than a typical one, roughly in line with the front headrests.

So what did we learn? Seatbelts matter. Regenerative braking is not your friend in stunts like these. And above all, trying to go viral by copying strangers on the internet is a fantastic way to end up with a busted windshield and a CT scan. Watch the original Porsche video for entertainment, not inspiration.

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