Summary
- 2021 Tesla Model S offers numerous amenities, EPA-rated range of up to 402 miles, and dual motor setup pushing 670 horses
- Used Tesla Model S now becoming more affordable, with prices starting in the low to mid-$40,000 range
- Model S depreciated 52.7% in value over three years, making it more reasonably priced used
- Trims and features of the Model S include interior choices of colors, heated seats, 22-speaker audio system, and a 17-inch display
- Used Model S offers good value in the low to mid-$40,000 range, with around a year left of the basic warranty and compelling choice for those who want something more premium without spending extra
Article
The Tesla Model S, despite not having a significant exterior redesign in the 2021 refresh, received notable improvements such as additional amenities and increased range. The refreshed version of the Model S can now go up to 402 miles on a single charge and features a dual motor setup with up to 670 horsepower. Prices for used Model S vehicles have become relatively affordable, with many examples priced in the low to mid-$40,000 range, making them comparable in price to new Model 3 or Model Y vehicles.
Some used examples of the 2021 Model S have seen significant depreciation since their original purchase prices, making them attractive options for buyers looking for a premium electric vehicle at a more affordable price point. For example, one 2021 Model S in Deep Blue Metallic was purchased for $92,440 in 2021 but is now listed for $43,775 with just 30,000 miles on the odometer. Another example in Midnight Silver Metallic originally cost $101,940 but is now priced at $44,825 with 41,000 miles, showcasing significant depreciation over just a few years.
With used Model S prices now comparable to brand new Model 3 and Model Y vehicles, potential buyers may be considering whether it’s time to invest in a Tesla Model S. The Model S offers impressive technology, including its charging capabilities, adjustable air suspension, and acceleration capabilities. The vehicle can charge at speeds up to 250 kW on a Supercharger and features a 10 to 80% charge time of 31 minutes. The Model S also offers various interior options, heated and ventilated seats, a tri-zone climate control system, and a premium audio system.
While the Model S is generally considered to be a reliable vehicle, it is more complex than the Model 3 and Model Y, potentially leading to more issues over time. Areas of concern include the retractable door handles, air suspension, and the unique yoke steering wheel featured in the 2021 models. However, Tesla does offer conventional steering wheel retrofits for traditionalists who prefer a more traditional setup. Overall, the Model S offers a unique driving experience with its impressive range, acceleration, and features.
In conclusion, for buyers interested in a premium electric sedan with a lot of value, a used Tesla Model S from the 2021 refresh is worth considering. With prices in the low to mid-$40,000 range, these vehicles offer a compelling alternative to newer Tesla models like the Model 3. The Model S remains an iconic American sedan known for its range, acceleration, and storage space, making it a desirable option for those looking for a premium electric vehicle without the premium price tag. As Tesla’s flagship sedan continues to depreciate, it opens up opportunities for a new group of buyers to enjoy the benefits of owning a Model S.
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