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Cake day: October 25th, 2023

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  • There’s an EV credit for buying used EVs, about ½ the new car credit, which should help offset that.

    One major factor is that Tesla’s been using their efficient manufacturing to drive down prices and grow market share, making money at prices that force the legacy car companies’ EV sales to lose money. So while historically Teslas retained used car values incredibly well, these days as they drive down new car prices, that pushes down used car prices.