Car value experts refute Elon Musk's claim that Teslas are 'an appreciating asset'

Car valuers and industry experts have dismissed Tesla CEO Elon Musk's claims that his electric cars will become an "appreciating asset", but have acknowledged that Tesla models will likely outperform other electric vehicles in Australia's used car market over coming years. Musk first made the statement in a podcast interview in 2019, saying: "I think the most profound thing is that if you buy a Tesla today, I believe you are buying an appreciating asset – not a depreciating asset."