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Tesla Model 3 vs Tesla Model Y: 5-year value retention (46% vs 44%), resale value, and cost of ownership head-to-head. Tesla Model 3 holds its value better.
On five-year value retention the Tesla Model 3 comes out ahead, holding about 46% of its value versus 44% for the Tesla Model Y. Over the first five years the Tesla Model 3 loses roughly $20,977 while the Tesla Model Y loses about $24,032 — a gap near $3,055.
First-year drop is the biggest factor: the Tesla Model 3 sheds about 11% in year one versus 11% for the Tesla Model Y. If you buy used, the steeper early drop is what the original owner absorbs.