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Selling your Tesla doesn’t have to be a pain, nor do you have to settle for a low price. Selecting the right platform is crucial for maximising returns and ensuring a seamless transaction. Knowing where and how to sell can also significantly influence the process. 

In this guide, we’ll discuss the best places to sell your Tesla, including private selling and using an online marketplace, and the pros and cons of each.

Factors That Influence Tesla’s Resale Value

Several factors affect your Tesla’s resale value. Before setting your price, note the following considerations when selling your Tesla:

• Model and Year: First and foremost, consider your Tesla model and its manufacturing year. Newer models tend to have higher values. For example, a 2020 Tesla Model 3 is likely to be more valuable than the earlier models.
• Mileage: Like any other vehicle, your Tesla’s mileage significantly impacts its value. Lower mileage frequently indicates less wear and tear, thus translating to higher value.
• Condition: Assessing your vehicle’s interior and exterior conditions is also critical. A well-maintained Tesla with few scrapes, dents, or interior concerns will command a higher price. 
• Market Demand: Market demand for specific Tesla models often fluctuates, affecting their value. Generally, when electric vehicles are in high demand, the value of your Tesla may improve.
• Features and Upgrades: If you’ve added additional features like Autopilot, a premium interior, or aftermarket enhancements, your Tesla’s resale value will increase. Buyers often search for these features and are willing to pay a higher price. 

Pros and Cons of Different Selling Avenues

Believe it or not, selling your Tesla based on the platform makes a considerable difference. Each option has its pros and cons. Here’s a detailed guide to help you understand the benefits and drawbacks of each marketing approach. 

Private Selling

As the name implies, private selling means you handle the sale of your Tesla all by yourself, from advertising to closing the deal. Though it is primarily rewarding, you may encounter difficulties.

Pros:

• Higher Price: As no middlemen are involved, you can ask for a more competitive price.
• Control: You have complete control over the entire sale process, from setting the price to negotiating directly with buyers.
• Personalised Approach: You can market the features and qualities of your Tesla directly to potential buyers.

Cons:

• Time-Consuming: Managing listings and queries and showing the car can be tedious. 
• Safety Concerns: Meeting strangers for test drives and negotiating might be risky.
• Paperwork: Managing legal documents and transfer procedures might be difficult without professional assistance.

Online Marketplace

Online marketplaces like AutoTrader, Cars.com, and eBay Motors are popular sites to sell vehicles, including Teslas. 

Pros:

• Broad Reach: These platforms have a large audience, which improves your odds of finding a buyer immediately. 
• Convenient Listings: Listings are straightforward to establish and update, with choices for adding images, full descriptions, and car history. 
• Built-in Tools: Many platforms have tools for estimating the worth of your car and managing offers. 

Cons:

• Listing Fees: Some marketplaces charge listing fees or take a portion of the sale price.
• Competition: High competition might need aggressive pricing to attract buyers. 
• Interaction Overload: Handling a lot of inquiries and negotiations might be overwhelming. 

Tesla’s Trade-In Program

With Tesla’s trade-in programme, you can trade your old Tesla for a new one directly with the manufacturer. This process entails bringing your vehicle to a Tesla Service Centre, where it will be evaluated and offered a trade-in value. If you approve, you can instantly apply that value to your next Tesla.

Pros:

• Simplicity: Tesla manages the evaluation and transaction procedure, giving you less work and hassle.
• Speed: Transactions are quick and often completed within the day.
• Convenience: This option is ideal for buying another Tesla, as the trade-in value can be applied directly to the new vehicle.

Cons:

• Lower Value: Trade-in values are typically lower than private sales because Tesla needs to resell the vehicle at a profit.
• Limited Flexibility: You must purchase a new Tesla to use the trade-in programme.

Traditional Dealerships

Selling your Tesla through a conventional car dealership involves having the dealership buy directly from you, or they may sell it on consignment.

Pros:

• Immediate Sale: Dealers often buy your car immediately, offering quick cash or trade-in options.
• Less Hassle: Dealerships handle marketing, negotiating, and paperwork, which saves you time and effort.
• Established Processes: Established protocols and qualified professionals help the transaction run smoothly.

Cons:

• Lower Offers: Dealerships want to profit on resale, so your offer may be lower than that of private sellers or online platforms. 
• Negotiation Pressure: Dealers are skilled negotiators who may pressure you to accept a lesser price. 

Conclusion

To get the best value for your Tesla, consider all marketing avenues. The best choice is determined by considering convenience, possible return, and your level of involvement in the process. While each option has merits, you should prioritise your needs, whether obtaining the highest price, a rapid sale, or a hassle-free experience.

Old car models will naturally depreciate as newer ones are produced. If you want to sell your Tesla for the best price, consider following some tips and tricks.

Maximising your vehicle’s resale value is the only rational way to get optimum financial returns. Tesla vehicles are made with cutting-edge technology, so keeping them in the best condition should ensure that they retain their value when it’s time to sell. In this post, we’ll examine the best strategies for making your Tesla a top competitor in the second-hand market.

Regular Maintenance and Servicing

Like any other car, your Tesla needs regular maintenance to stay in peak shape. This guarantees that all of its components retain optimum performance. Learn how to improve your Tesla’s resale value. 

Scheduled Servicing

You may think that because Tesla vehicles are electric vehicles, they do not require regular maintenance like standard cars. However, this is not true. Regular maintenance ensures that all parts are in functioning order and detects possible issues before they become significant. 

Tesla’s recommended maintenance interval is as follows:

Service	Interval
Cabin air filter replacement	Every 2 years (Model 3, Model Y), Every 3 Years (Model S, Model X)
Tire rotation and wheel alignment	Every 6,250 miles
Brake fluid test	Every 2 years
Air conditioning service (replace air conditioning desiccant bag)	Every 4 years (Model 3, Y), Every 3 years (Model S, Model X)
Replace High-Efficiency Particulate Air (HEPA) Filter	Every 3 years
Clean and and lubricate brake caliper	Every 12 Months or 12,500 miles for vehicles in cold weather regions

Battery Health

What led you to invest in a Tesla in the first place? If it’s because of the battery, you know that keeping it in good shape helps it remain attractive to future buyers. 

Maintaining battery health is critical in retaining your Tesla’s resale value. Tips for preserving battery health include: 

• Optimal Charging Practices: Refrain from keeping the battery below 20% charge for an extended period. Instead, charge the battery to the charge limit recommended for your vehicle based on the installed battery. 
• Avoid Frequent Supercharging: While supercharging is convenient, frequent use can cause the battery to degrade faster than slower, standard charging. 
• Thermal Management:  Tesla’s batteries include a thermal management mechanism that keeps your vehicle from being constantly exposed to high temperatures. 

Exterior and Interior Care

Another way to protect your Tesla’s resale value is to keep the interior and exterior in good shape. It keeps your vehicle looking brand new and protects it from wear and tear. Let’s look at practical ways to keep your Tesla clean inside and out. 

Protective Accessories

Using protective accessories can dramatically increase the lifespan of your Tesla’s interior and exterior. Even these slight investments can have a significant effect on your resale value.

• Floor Mats: Invest in high-quality floor mats to protect your Tesla’s original floor. They help remove dirt, mud, and spills, particularly during the winter or rainy season. 
• Seat Covers: Seat coverings are excellent for preserving upholstery from stains, spills, and ordinary wear. They come in various materials and styles, allowing you to keep your seats in excellent condition. 
• Paint Protection Films (PPF): PPF can help protect your Tesla against scratches, rock chips, and road debris. It’s a transparent film that functions as an unseen shield, protecting your car’s paintwork.

Document Everything

Claiming your Tesla is in good condition wouldn’t matter without concrete verification. Detailed paperwork not only persuades potential buyers but also allows your automobile to be sold at a condition-appropriate price. Consider including the following records in your documentation.

Service Records

A complete service journal is like a detailed record of your Tesla’s health. It not only demonstrates that you have maintained the vehicle, but it also helps potential buyers understand its condition.

Why are service records vital?

• Proof of Maintenance: They prove that all scheduled servicing and necessary repairs were completed on time.
• Transparency: Potential buyers are more comfortable buying a car with a well-documented past. 
• Resale Value: A well-documented service history might increase your Tesla’s resale value. 

Conclusion

Depreciation of older vehicle models is inevitable, but there are several tactics you may use to increase their resale value. These involve regular maintenance, careful handling, and detailed recordkeeping. By keeping up with scheduled servicing, preserving the battery’s health, and safeguarding both the exterior and interior, your Tesla retains its value as a cutting-edge technology product.

Selling your Tesla is an exciting and rewarding venture when selling with We Love Tesla. However, if you want the best possible price, keeping your Tesla in tip-top shape is always essential. As passionate Teslas enthusiasts, we know the amazing value that these vehicles hold. If you are looking to create a smooth and profitable sale, our guide will supply you with knowledge on how to prepare your Tesla to attract buying customers like us. 

Whether you are upgrading to a newer more upmarket model, or simply want to sell your car, these tips will make sure that your Tesla stands out with great quality and innovation. Discover how to maximise your Teslas value and secure the best possible valuation. We can’t wait to see your improved Tesla!

Clean Your Tesla 

A spotless Tesla not only makes a good first impression but also tells us that the car has been well-maintained. Here is how to ensure that your Tesla looks its absolute best before selling.

Exterior Cleaning

Washing & Waxing:

Begin with thoroughly washing the car to remove any dirt or grime from the surface, and use a high-quality car shampoo, along with a microfibre wash mitt to avoid scratching the vehicle paint. Once you have done this, rinse and dry with a clean, soft car shammy. Follow up this process with premium wax to protect the paint and give your Tesla a nice shine. 

Tire & Wheel Care:

Pay special attention to the tyres and wheels. Use a professional and dedicated wheel cleaner to remove brake dust and grime. Scrub the tyres accordingly and apply a tyre dressing to give them a clean, polished appearance. 

Windows & Mirrors: 

Dirty glass diminishes the appearance of a car significantly. Make sure to clean all windows and mirrors inside and out with window cleaner to ensure they are streak-free and crystal clear. Clean windows increase visibility and contribute to the overall cleanliness of the car. 

Interior Cleaning

Vacuuming:

Properly vacuum the interior, including the seats, carpets, and floor mats. To get to the deep and smaller areas, use a crevice tool to be able to remove all dirt. Pay special attention to under the seats and in between the seat cushions, making sure you don’t miss out on any area.

Furniture & Dashboard:

If your Tesla contains leather seats, clean and condition them with products that are specifically designed for automotive leather. For fabric seats, consider hiring a washer cleaner to remove any stains and freshen up the material. Don’t forget to wipe down all surfaces with antibacterial spray (scented is optional) to remove fingerprints and dust, and make your car smell nice and clean.

Odour Removal:

Make your Tesla smell as good as it looks by removing any lingering odours by cleaning all surfaces and using a nice-smelling air freshener. When you are selling your Tesla it’s always safer to go for a more generic air freshener like floral or fruity scents as it’s most commonly used by car owners. 

Repair Minor Damage

Identifying and addressing minor damage is important for enhancing the appearance, functionality, and value of your Tesla. Make a start by inspecting your vehicle for scratches, paint chips, or dents. For light and shallow scratches, use a scratch removal product or touch up the paint to achieve a smooth finish. Deeper scratches, especially in visible areas, are best to be handled by a professional to help restore the vehicle’s original appearance.

Ensure all lights and signals are functioning properly, replacing any possible burnt-out bulbs with fresh new ones. Additionally, to be extra sure, it is a good idea to double-check your window screen for any chips or cracks, to help you get this replaced as soon as possible.

There has been more news revealed recently about the Tesla Model 2. You may or may not have heard about this vehicle that is in development by Tesla. The Model 2, (expected to be set for production in 2025) is designed to be a disruptor in the budget EV market. At just £22,000 – this vehicle is set to be the most affordable electric car on the market – will the Model 2 help push the way in which EV sales have been moving in the UK to further heights? We take a look at the features that are expected on the new Tesla Model 2 & the likelihood of this vehicle disrupting the car market in the UK further. 

Some key features that we already know about the Model 2 are below:

• The car is set to be sold at a highly affordable price tag of £22,000, especially affordable for an EV.
  
• Elon Musk has more or less confirmed that the design is likely to be a crossover in design.
  
• The Model 2 is built on a new platform, named ‘Project Redwood’
  
• The car is expected to have a range of at least 250 miles.
  
• Set to be produced in Austin and then added to the Berlin megafactory for European distribution.
  
• This car is specifically designed for the European market so it will be interesting to see the impact it has on the UK Market.

We are the leading independent provider of Tesla valuations and buyers of Tesla vehicles in the UK. If you are looking to sell your Tesla Model 3, Model S or Model Y then we can provide you with a guaranteed 48-hour valuation. If you are happy with your valuation then you can accept your valuation there and then or within the 48 hours. We will then arrange for the collection of your Tesla at a time that suits you and a location that is ideal for you. Get a free online valuation today.

What We Know About the Tesla Model 2

Tesla has provided limited detail in some areas but then a wealth of information on other areas of the new car. As mentioned in the summary, the car was revealed to be likely a crossover in January and information was released about a collaboration on the battery and charging technology with Chinese super-company CATL. We therefore know the range will aim to be at least 250 miles which for the affordable price tag of the car would be impressive at an entry-price EV. 

Designed to Target the European Market

The decision for the Model 2 to be added to the Berlin factory and the fact that the Model 2 is a smaller size than the other models means that it’s highly likely to be geared towards the European market. We have smaller cars on average than the USA and smaller and more affordable EVs are better suited towards smaller European cities and city driving. The Berlin factory also eliminates import costs if having to be imported from the other major factories in the USA and China.

The Model 2 is definitely going to cause some disruption in the market especially when looking at the success of the Model 3 in 2023. At this price range – this allows a new level of drivers even potentially as their second or third car. We will keep reviewing any new updates on the Model 2 as well as share future updates in our blog.

We are the leading independent provider of Tesla valuations and buyers of Tesla vehicles in the UK. Use our free online valuation tool today!

Tesla has stated & warned at the start of 2024 that it expects ‘notably lower’ sales growth than in 2023. With a record 1.8 million Tesla vehicles sold in 2023 due in part to the Tesla price slash at the end of the year, this would mean that it would be reasonable to expect that sales growth would be difficult to match unless a price slash was implemented again. But there are other factors that Tesla has assigned blame for their predictions for 2024. We take a look at Tesla market insights from the start of the year as well as reviewing what Tesla expects to see which we will continue to monitor throughout the year.

Looking to buy a new Tesla in 2024 and want to sell your Tesla? We are the leading independent valuation provider and buyer of used Tesla vehicles in the UK. We will offer you a guaranteed valuation for 48 hours and should all of the information provided be correct about the model and condition of your Tesla – we will purchase your Tesla at the agreed price. Use our free online valuation tool to arrange for a quote now.

Tesla & Elon Musk’s Anticipation for the Market in 2024

Elon Musk has acknowledged that he feels that the Chinese market will “pretty much completely demolish other car companies in the world” unless there are serious trade regulations put into place on these companies. Regardless of this, Tesla told shareholders that it doesn’t expect significant figures in sales growth until new models are released to the public.

 If you look at global figures, there are several Chinese companies producing EVs and their sales figures do support Musk’s claims. China has quickly become a global force in the EV market and in terms of overall automotive market share, it wouldn’t be a stretch for them to potentially be the 2nd largest exporter globally of passenger vehicles in the next few years. Chinese manufacturers have also moved to slash prices which also coincided with BYD outperforming Tesla as the world’s top-selling electric car manufacturer in Q4 2023.

The UK Market & Tesla Vehicles

Moving now to Europe & the UK market, 2023 saw increases in sales of electric vehicles overall but sales of ‘traditional’ combustion vehicles still held the top spot in terms of overall sales. Volkswagon was the top-selling manufacturer in 2023, with just over 162,000 cars registered in 2023. The top-selling car in the UK was the Ford Puma in 2023 so we haven’t seen a complete shift in terms of EVs vs traditional vehicles in 2023. Tesla saw overall sales in the UK at just over 85,000 which is an impressive number. But with the claims from Tesla and Musk, it will be interesting to keep an eye on the market and how Tesla sales perform in 2024.

Reviewing the Market in 2024

We will keep an eye on the market throughout 2024 and provide regular updates on how the market may change. Several factors may affect the market going forward which is why we will continue to monitor the market as well as any changes that do occur. With new models on the horizon and other aspects in the pipeline for Tesla, it will be highly interesting to see how the market progresses in 2024 and beyond.

Obtain a free valuation for your used Tesla today with our online valuation tool. We will offer you a guaranteed valuation for 48 hours and should all of the information provided be correct about the model and condition of your Tesla – we will purchase your Tesla at the agreed price. Use our free online valuation tool to arrange for a quote now.

To find out relevant information on Tesla recalls for the UK market, you can visit Tesla’s designated page.

Recent news from the US that has made headlines across the world is that Tesla has recalled millions of their EVs for a vital computer system upgrade/update. More than 2 million vehicles have been recalled in efforts to quell concerns about their Autopilot advanced driving system. But is this recall an alarming figure or just a standard part of the development process of vehicle ranges? We provide our insights below.

Looking to sell your current Tesla and get an upgrade? Use our free and 48-hour guaranteed Tesla valuation tool. There are exciting new ranges of Tesla vehicles and upgrades to current models being rolled out to the UK in 2024 so it’s a great time to think about upgrading to a new Tesla vehicle.

If you are happy with the price you can accept it straight away and we will arrange for the collection of your Tesla. We will not leave until the money enters your account and we will check the details you provided against your Tesla upon collection. Contact us directly if you require further information and we would be happy to help.

Is This Recall as Alarming as It Seems?

On paper, the recall of over 2 million vehicles certainly seems alarming but when a manufacturer recognises a potential issue that is becoming prevalent with certain vehicles. The mass recall may seem alarming but Tesla is doing all that it can to ensure that there is a base standard across technology and safety across these vehicles. This recall has been applied to almost every Tesla sold since Autopilot was officially launched in 2015. 

All manufacturers identify faults that need to be fixed. Although this is branded a ‘recall’ it’s an over-the-air software update. It doesn’t require the vehicles to physically be returned to Tesla which cannot be said for other recalls from Tesla and other manufacturers.

What are the Issues With Tesla Autopilot?

There have been social media videos in circulation of Tesla Autopilot going wrong which is why the media has been fixated on this topic in recent days. A probe in August 2021 by NHTSA revealed that Tesla vehicles in autopilot mode collided with more than 12 stationary emergency vehicles. But is it driver misuse that’s causing these issues rather than the system being flawed in itself?

Fact Check – The Recall May Not Even Fix Issues With Autopilot

This all boils down to what the issues with the software are. The software is getting updates to provide more prominent visual alerts, simplifies going in and out of Autosteer and makes the risks more evident when turning on the system. This isn’t a software issue that’s causing the collisions to take place, the NHTSA ultimately concluded that it was driver misuse and failure to intervene in the cases in which collisions occurred. So the fact that the system is being ‘fixed’ is a confirmed myth – the system is being made to be safer in use rather than the system itself causing collisions and accidents.

Autopilot as Driver Assistance

Autopilot is a driving assistance tool and should be treated as such. Consider the technology more as a lane management and stability tool and be fully aware of the risks. The system helps with driving but driver intervention is still key and it’s highly important to ensure that you are continuing to drive safely and monitor hazards with this driving mode engaged.

Looking to sell your current Tesla and get an upgrade? Use our free and 48-hour guaranteed Tesla valuation tool. There are exciting new ranges of Tesla vehicles and upgrades to current models being rolled out to the UK in 2024 so it’s a great time to think about upgrading to a new Tesla vehicle.

Since November 2022, there has been speculation regarding the Tesla Model 3 and the proposed reports that Tesla has been working on an update and refresh for one of their most popular vehicles. The current reports all lead to something Tesla is dubbing the code name – “Project Highland”.

However, as speculation has been building, little has been confirmed on the side of Tesla. Until recently when Tesla CEO, Elon Musk, finally gave some sort of confirmation about the supposed overhaul of the Tesla Model 3 in the most typical Elon Musk-style way.

Although it may be grasping at straws, Musk recently tweeted about the new Tesla Cybertruck parked next to a Tesla Model 3 on Twitter. A cunning Twitter user replied, “Cybertruck and Project Highland parked next to it.”, to which he responded by liking the tweet.

Now, this isn’t the end-all and be-all however the acknowledgement from Musk shows promising signs that the Tesla Project Highland reports are somewhat pointing in the correct direction.

So, what is the Tesla Project Highland and what does this have to do with the Tesla Model 3 and its features?

What is Project Highland?

Project Highland was first uncovered in November of 2022 and was a codename for the updates and changes that were planned to take place on one of Tesla’s most adored vehicles, the Tesla Model 3.

These changes will be the largest update that the Tesla Model 3 has ever seen since it was first introduced to the market in 2017. These updates have not been confirmed however the number of leaks and information that has been circulating the internet in recent months beg to differ.

What are the features of Project Highland?

Although Tesla is continuing to keep a hush on the worst-kept secret since their last one, there are a few unconfirmed rumours that we know are coming to the new Model 3.

The revamp of the electric car will see internal and external updates that will aim at turning the Model 3 back into Teslas best selling automotive vehicle. Currently, the Model 3 has been overshadowed by the Model Y SUV which is outselling the Model 3 by 46.29% in the UK in 2022.

However, this complete overhaul of the interior and exterior of the model will look to implement new changes that will revolutionize and build hype back around the Model 3.

In addition to the decline in sales, Project Highland is designed to cut production costs by decreasing the components used within the car whilst still painting the high-quality and innovative designs that Tesla is known for.

Some of the changes that are currently rumoured in the Project Highland update include, front and rear bumper sensors, redesigned headlights, additional cameras and improved internal hardware.

Improved Front and Rear Bumper Sensors & Additional Cameras

From what we know, the Project Highland update will completely overhaul the Model 3 front and rear sensors so that they now contain Tesla’s FSD Hardware Version 4.0 technology. This technology has 12 camera inputs instead of the typical 9 and will include 1,2 Mpixels and LED flicker mitigation which will improve the Tesla’s ability to read digital signs. It will also aim at reducing the camera blindspots currently on the old Tesla Model 3 and will include heaters that will reduce the build-up of fog to help aid with visibility.

Improved Internal Hardware

The overhaul of the interior of the Tesla Model 3 will also include an improvement on the internal hardware of the car including an FSD 4.0 computer that is over four times faster that the current 3.0 hardware version found in the Model 3. In addition to this, it will come from 20 processing cores rather than the typical 12. The FSD 4.0 also has an HD radar known as the Phoneix which has a much higher resolution than seen in the current Model 3 designs. Furthermore, it will contain a heater that will be used as protection to reduce snow, frost and ice from getting intertwined with the signal and causing issues. It will also use the same battery packs that are currently found in the Tesla Model Y which will help to reduce on production costs compared to the standard Model 3.

Redesigned Headlights

Due to the strong rumours surrounding the front and rear bumper sensors and additional cameras, there is a strong theory that suggests the Model 3 will have a revamped look in terms of the front bumper and headlight areas as well as the rear of the Model 3. Some rumours circulate around these changes because when the Tesla Model 3 test vehicles have been caught in public, the front and rear of the model have been wrapped potentially to disguise any current changes that Tesla has planned.

Conclusion

In conclusion, these improvements are only speculation at this current time however it is clear to see that there is a large amount of evidence as well as reasoning as to why Tesla will be making these updates and changes to the Model 3 in 2023.

The project is now rumoured to be in the test stages of production so we will keep you updated with any developments!

What Does This Mean For Selling My Tesla?

With the increase in hype and attention around the Tesla Model 3, there is no better time to sell our Tesla than today. At We Love Tesla, we will provide you with a competitive and fair price for your used Tesla vehicle. We offer a free instant online valuation service for your used Tesla vehicle that makes it stress-free and easy. Get in touch with us today and start your Tesla selling journey now.

Tesla has been confirmed to be launching a new project labelled ‘Project Juniper’, specifically focused on the Tesla Model Y. This project is a soft redesign of the Tesla Model Y which is designed to upgrade the interior and exterior of the Tesla Model Y and is set to begin in October 2024. It’s fascinating to see the reveal of this new project as Telsa has made a number of changes this year including reducing standard RRP across the entirety of their current new vehicles and their aims after 2022 in terms of focusing on manufacturing to focus on the production of new vehicles in 2023. We take a look at what Project Juniper is and how this may affect the Model Y and other Tesla vehicles in the future.

At We Love Tesla, we are the leading independent buyers and valuators of used Tesla Vehicles in the UK. Using our free, online valuation tool, we can give you a 48-hour guaranteed valuation for your Tesla vehicle. If you are happy with the valuation that you receive then you can accept our valuation and we will arrange for the free collection of your Tesla Vehicle and we won’t leave until you receive the money transfer directly into your bank account. Get in touch today.

Don’t Expect a New Model Y But Expect Price-Cutting Options

It has been rumoured to not expect an entire redesign of the Model Y’s design, but rather a number of interior and exterior upgrades to the current range despite the complete rehauls that we saw of the Model S & Model X in 2021. This is highly likely to be because of factory costs and Tesla’s concerns about not reaching manufacturing targets despite focusing solely on manufacturing in 2022. Saying this, the code-named ‘Project Highland’ has been proposed for the Model 3 which we discuss in more detail in this article.

It’s not clear what improvements are going to be made currently to the Model Y in Project Juniper. However, it’s highly likely that because of the reduction in new Tesla vehicle price points – that this will aim to reduce costs rather than to release a more premium Model Y vehicle. Until we receive more information, we will be unsure as to whether this will increase the RRP of the Model Y or if there will be innovations made to reduce the costs. This will affect the market as if price points increase – used Model Y vehicles will rise in value and vice-versa. We will keep you updated on developments as these are released from Tesla.

The EV Market is Continuing to Expand

The UK Government in January released their recommended insights and potential future updates to the MOT testing system. This shows the growing impact that the EV market is having on the ‘traditional’ vehicle market. Because of the fact that EV manufacturers such as Tesla are developing safety methods and increased safety, the Government is looking to increase the MOT first testing year from 3 years to 4 years, potentially saving motorists £100m per year. This shows that the growing EV market is having a huge impact and this is likely a key indicator as to why Tesla are looking to upgrade their vehicles to continue to compete in the EV space.

At We Love Tesla, we are the leading independent buyers and valuators of used Tesla Vehicles in the UK. Using our free, online valuation tool, we can give you a 48-hour guaranteed valuation for your Tesla vehicle. If you are happy with the valuation that you receive then you can accept our valuation and we will arrange for the free collection of your Tesla Vehicle and we won’t leave until you receive the money transfer directly into your bank account. If you are looking to ‘Sell My Tesla Model Y‘ Get in touch today.