Hyperdrive
Tesla Model 3 Breaks Mold by Retaining Value in Used Market
- The sedan is being snapped up quickly on car-shopping sites
- ALG forecasts major jump in residual values for premium EVs
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It’s early, but there are signs Tesla Inc.’s Model 3 could be as exceptional in the used market as it has been in the new-car world.
The sedan has sold at volumes no other electric vehicle has come close to reaching, turning Tesla into the most valuable auto company in the world. But it takes a while to see how well a car performs on the used market -- owners typically hold onto their wheels for at least a few years.