The average price of used Tesla vehicles in the US has decreased for the first time.

Previously, those wanting to buy a Tesla had two options: to wait for a new car to be produced, which could take months, or to buy on the used market where prices were higher than new.

This is one of the reasons why Malaysian Tesla grey importers who source from the UK, Japan, Hong Kong, Australia, or New Zealand do not look for their vehicles on the used market and have to put their names on waiting lists in those markets.

As a result, Tesla prices in Malaysia are at the level of new cars compared to ICE vehicles that are grey imported, where there is a wider range of prices depending on specifications and car age.

Recently, a report on Electrek showed that the average price of used Tesla vehicles in the US has decreased 17% since its peak in July, while the overall used car market only saw a 4% drop in the same period.

The data also shows that the drop in price is affecting the practice of flipping Tesla vehicles, which had become popular due to the high demand and long waiting times for new Tesla cars.

This development is likely to be good news for consumers looking to purchase a used Tesla at a more affordable price, but it may put pressure on Tesla’s new car demand and potentially impact its growing used car business.

Overall, this news may be seen as a mixed bag for the electric vehicle (EV) market in the US and for Tesla as a company.

However, there has been no report of Tesla prices starting to drop in other markets such as Japan, the UK, Hong Kong, Australia, and New Zealand, which are sources of grey imported cars in Malaysia.

There is a possibility that the same development will occur when Tesla supply to those markets eases, but this may take some time.