Less than 2 months ago, Tesla started selling certified pre-owned Model S’s through their website and early data shows strong demand for lower-end versions of the electric car.  Statistics compiled through a fan-made consolidator show that Model S’s listed below $60,000 stayed on the market for less than 4 days on average.

At the moment, the offering is limited, only 224 pre-owned vehicles are currently available in the US. Tesla appears to have sold 244 cars through the program since its introduction in April. Of those, 23 were listed at $50,000 to $60,000, and most of them were on the market for less than 2 days before they were removed from the website and presumably sold.

Tesla’s pre-owned Model S’s receive a full inspection, remaining battery and drivetrain warranty and a four year, 50,000 miles limited warranty with 24 hour roadside assistance.

The inventory of certified pre-owned Model S is expected to increase significantly next year when the first vehicles taking part in Tesla’s “Resale Value Guarantee” program are set to be eligible for a buyback. The Model S owners participating in this program can sell their car to Tesla during the period between 36 months to 39 months of the ownership for 50% of the base price of the Model S at the time of the purchase, plus 43% of the original purchase price for all options on the car.

The performance version of the Model S is also popular on the pre-owned website with dozens of used cars selling for over $90,000, but those stay on the market for longer periods of time. The P85 and P85+ are the versions with the most units currently available. When Tesla announced the new Model S versions with dual motor last year, a significant number of performance Model S owners were showing interest in upgrading to the P85D. According to the CPO data, a lot of them seem to have followed through.

The least expensive pre-owned Model S currently available is a S60 listed at $60,000 in Seattle.

FTC: We use income earning auto affiliate links. More.


Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.

About the Author