CNBC's "Fast Money" cover image

Bonfire of the Teslas: The EV maker’s stock slides seven days in row. Plus, what next for China’s economy after it abruptly ends its zero-Covid policy. 12/27/22

CNBC's "Fast Money"

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Used Car Prices for Tesla

The decline in price and the used car lot has been steeper for Tesla. We should note that when we're citing used car prices for Tesla, the declines are steeper than other used cars. One of the reasons that the used car prices did fall so steeply relative to other makes is because there was such high demand. So essentially people who wanted to get one wanted to get it more quickly were often buying them directly from people who put in orders some time before.

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