I lean the other way. I think Tesla valuation was artificially hyped and manipulated. The car's valuation was luxury priced and tied to Elons personality. And that tanked. So I personally don't think that was normal or ever coming back.

I think the current conditions are also abnormal, with EV becoming political and a horse running amok in the white house.

The normal depreciation is probably in the middle. But when are things ever normal anymore?

[–] AA5B@lemmy.world 1 points 9 hours ago

Yeah normal seems to have taken a vacation

In either case it’s all tied to supply and demand. When teslas kept their value it was because huge growth they couldn’t keep up with. Now their value used is horrible but a big part of that is demand dropped, so they can make too many.

And yes it is not a good thing that in both cases too much was driven by a personality.

Personally I’m annoyed because teslas still are the most compelling EV available to me, but they always had the shadow of over-hype and now they’re toxic