Tesla CEO Elon Musk warns car buyers that "gas cars" residual values will plummet in coming years

Tesla CEO Elon Musk is warning car buyers that they need to take into account that the electric vehicle transition might cause “residual values of gas/diesel cars to plummet in the coming years.”

Last year, Musk claimed that Tesla vehicles are now “appreciating assets” due to their self-driving capability.

He aims for Tesla vehicles to become revenue-generating assets for their owners, but if the price doesn’t increase, the value would still depreciate since new buyers could still buy the vehicles for the MSRP.

The CEO later confirmed that Tesla plans to “substantially” increase the price of the Full Self-Driving option over time:

Please note that the price of the Tesla Full Self-Driving option will increase substantially over time.

He confirmed that it is what he meant by Tesla vehicles becoming “appreciating assets”:

Yes

>Related articles

Shock in the Atlantic: 200,000 radioactive barrels have been lying on the seabed for 80 years
Tensions flare in the Middle East: US strikes 90 targets in Iran, Trump says “I don’t know if they are worthy of a deal”
The AfD remains the leading party in Germany – The Merz government’s reforms fail to win over voters

— Elon Musk (@elonmusk) April 13, 2019

Ask me anything

Explore related questions

> World

Tesla CEO Elon Musk warns car buyers that “gas cars” residual values will plummet in coming years

Last year, Musk claimed that Tesla vehicles are now “appreciating assets” due to their self-driving capability

Ask me anything

> Latest Stories

Afroditi Nestora arrives at her mother Vagia’s funeral in a private ambulance carrying white flowers (video-photos) (Upd.)

MRB: New Democracy first with 29%, ELAS second with 17.6%, PASOK third with 11.1% and down three points

Shock in the Atlantic: 200,000 radioactive barrels have been lying on the seabed for 80 years

Tensions flare in the Middle East: US strikes 90 targets in Iran, Trump says “I don’t know if they are worthy of a deal”

Eleven injured in the fire in Aspropyrgos, three of them intubated – Strong firefighting forces remain at the scene

Clinic destroyed at Sismanogleio Hospital after fire in patient room – “Someone set a mattress on fire,” says Georgiadis

Mitsotakis sends messages on Casus Belli and F-35s without seeking new tensions with Turkey

How did the “Mitsotakis–Erdogan” meeting go, the…“legend” Nikos Pappas and Alexis’s first clouds, the salt marshes, PASOK & Gandhi

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

Schedule for Epitaph Procession today (10/4)

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu