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Used Tesla prices tumble as embarrassed owners look to sell
(arstechnica.com)
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this post was submitted on 14 Mar 2025
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The EV1 was too far ahead of its time. The tech wasn’t there and to even accomplish what they did cost far more than they could hope to sell it for. An estimate that each EV1 cost GM around $100k to make in the early 90’s (so around $200k in today’s dollars).
Battery tech has progressed massively since then and makes all of this possible now (even if it’s still expensive).