When it comes to car ownership, depreciation can quietly erode your wealth more quickly than more visible costs, like insurance and repair bills. On average, new cars depreciate by about 30% in the first two years. Every year after that, new cars tend to depreciate by about 10% (1).

It started with good intentions and a bit of EV hype. A Tesla Model Y buyer, now two and a half years into ownership, says he thought he was making a smart financial move. What he got, in his words, was a financial "bloodbath.

A regulator has deferred an order to suspend sales in Tesla's biggest U.S. market, giving it more time to address its accusation of misleading marketing.

Elon Musk's political activity has cost Tesla over 1 million electric-car sales since 2022, according to one study.