Tesla built its last Model S and its last Model X on May 9, 2026, at the Fremont factory. Fourteen years of Model S production and eleven years of Model X production ended with a 350-unit farewell run: 250 Model S and 100 Model X Signature Editions. Discontinuations like this usually crush resale value. This one didn't.
Used Tesla Prices Are Moving the Wrong Way (For Bargain Hunters)
According to iSeeCars data, the average price of a 1- to 5-year-old non-Tesla used EV fell 10.3% year over year in the first quarter of 2026. Used Tesla prices over the same stretch were essentially flat, down just 0.1%. Electrek reported a sharper split after the federal EV tax credit expired in late 2025: used Tesla prices rose 4.3% while the rest of the used EV market dropped.
Model X has been the standout. Multiple market trackers put used Model X values up roughly 10% from their 2025 lows as the discontinuation announcement worked through the market. That's the opposite of what happened to the last two EVs Tesla's competitors killed off.
Non-Tesla used EVs fell 10.3% year over year in Q1 2026, per iSeeCars, while used Tesla prices held nearly flat at negative 0.1% over the same period. That gap is unusual: discontinued vehicles almost always depreciate faster than the models still in production, not slower.
What CarScout's Listings Show Right Now
CarScout's July 12, 2026 market snapshot puts real numbers behind the trend. Here's the price range and inventory for the model years most buyers are shopping right now:
| Model | Year | Listings | Price Range | Median Mileage |
|---|---|---|---|---|
| Model S | 2024 | 22 | $61,400 - $99,000 | 26,190 |
| Model S | 2023 | 155 | $39,994 - $87,000 | 31,000 |
| Model S | 2022 | 197 | $33,625 - $75,900 | 43,202 |
| Model X | 2024 | 110 | $25,900 - $110,213 | 29,570 |
| Model X | 2023 | 329 | $44,549 - $85,390 | 31,513 |
| Model X | 2022 | 327 | $40,990 - $79,997 | 42,139 |
Nationally, CarScout counts 1,374 used Model S listings and 1,448 used Model X listings as of that snapshot. Neither model shows the kind of collapsing price floor you'd expect from a car that just lost its factory.
Compare That to the Last Two EVs Killed Off
Hyundai discontinued standard Ioniq 6 trims for 2026, and used listings on CarScout start around $18,920 in the July 12 snapshot, down from a $38,615 sticker just three years earlier. Nissan pulled the Ariya from the US lineup entirely, and used units on CarScout start around $17,514. Both are steep, ordinary depreciation curves for a discontinued EV.
Model S and Model X aren't following that pattern. A 2022 Model X with 42,000 miles still lists north of $40,000. That's the gap: two recently killed EVs cratered to bargain-bin pricing, while Tesla's original flagship pair held their floor.
Why the Difference
Model S and Model X are Tesla's original platform, built before the company ever sold a mass-market Model 3 or Model Y. Buyers increasingly treat them as the last of a lineage, not an outdated volume car nobody wants anymore. Elon Musk announced the phase-out on January 28, 2026, framing it as a factory conversion to Optimus robot production, not a step toward a cheaper replacement model that would undercut used values.
That last point matters most. Hyundai kept selling the Ioniq 6 N after killing the standard trims, which pulled shoppers and pricing power away from the discontinued versions. Tesla isn't launching a new flagship to compete with the used Model S and X it just stopped building. There's nothing newer on the lot pulling buyers away from the used market.
FAQ
Is a used Tesla Model S or Model X a good buy right now? The data says the floor is holding, not that prices are cheap. A 2022 Model X with median mileage still runs $40,990 to $79,997 on CarScout's listings. You're not catching a discontinuation discount the way you would with a typical killed-off EV; you're paying close to what these cars were worth before Tesla stopped building them.
Will Tesla Model S and Model X prices keep climbing? Multiple trackers already show most of the roughly 10% Model X gain happened between late 2025 and early 2026, right around the announcement and final production run. Continued gains from here depend on Tesla not restricting new-vehicle production or repricing remaining new inventory again, which isn't something any single data source can forecast reliably.
Why didn't Model S and Model X crash in value like other discontinued EVs? Hyundai's Ioniq 6 and Nissan's Ariya both had cheaper, newer competition still on the lot pulling buyers and pricing power away from them. Tesla has no new flagship replacing the Model S or X, so there's no fresher model on the market competing directly against the used units still out there.
Shopping for one of these before prices move again? CarScout tracks live listing counts and price ranges for Tesla Model X and Tesla Model S, plus every other model still getting picked off dealer lots around the country.
Sources: iSeeCars Q1 2026 used EV pricing data, Electrek (February 25, 2026), CNBC (January 28, 2026), and CarScout's July 12, 2026 market snapshot.