Home / Total Loss Articles / Total Loss Blog / 2020 Tesla Model S Diminished Value Case Study

2020 Tesla Model S Diminished Value Case Study

2020 Tesla Model S Diminished Value Case Study

2020 Tesla Model S Diminished Value Case Study (PDF)

2020 Tesla Model S Diminished Value Case Study

 

Elon Musk’s eccentricity aside, his electric vehicles have undeniably revolutionized the automotive industry. The 2012 launch of Tesla’s Model S marked the advent of a long-range, highly sought-after electric vehicle, leaving competitors struggling to catch up. Today, the Model S still impresses with its EPA-estimated range of 402 miles in the Long Range Plus variant. However, Tesla has faced criticism for interior quality and build consistency, despite its focus on autonomous technology and over-the-air updates. Established luxury automakers like Porsche are now entering the EV game with models such as the Taycan, posing a challenge that Tesla must overcome using its Silicon Valley innovation.

The 2020 Model S carries on the legacy, remaining one of the foremost electric cars available. Its standard air suspension provides a comfortable ride, complemented by supportive and plush seats. The cabin exudes a restrained elegance, and the standout feature is the massive 17-inch infotainment screen, although the absence of smartphone integration is notable.

Performance is exceptional, with even the base Model S accelerating from 0 to 60 mph in 3.7 seconds. The Performance trim achieves a mind-boggling 2.3-second acceleration. The estimated range surpasses its competitors, although real-world results may fall slightly short of Tesla’s claims.

Despite the arrival of competitors like the Porsche Taycan, the Tesla Model S remains one of the premier electric vehicles on the market. Its lightning-fast acceleration, impressive driving range of approximately 400 miles, and remarkable infotainment system make it a commendable luxury electric car. However, there is room for improvement in overall fit and finish, and projected ownership costs are higher compared to many competing models. Tesla’s ability to maintain its position in the ever-evolving EV landscape will be crucial.

Did You Crash Your 2020 Tesla Model S?

Your day was like any other, you were minding your own business when you suddenly had a car accident. Did you know that a wrecked and repaired car can lose over $12,150 in value?

 

Diminished Value Calculator
 Before Accident Cash Value $60,750
 After Accident Cash Value  $48,600
 Diminished Value   $12,150

 

No matter who was at fault, you’re entitled to diminished value. Would you like to know how much your car lost due to a collision? Get a FREE Claim Review or call us now at (877) 667-2326 and get the money you deserve.

Licensed Auto Appraisers specializing in Diminished Value, Total Loss, Actual Cash Value, Classic Cars, and Insurance Claim Settlements. Don’t accept the insurance company’s offer before talking to us, we can often help you get more money!

Subscribe to Our Newsletter

Access, first-hand, our main posts directly in your email.

Appraiser Blog

Related Posts

Frustrated man checking his phone next to a broken-down car, dealing with a low car insurance payout

What to Do When Your Auto Insurance Claim Is Undervalued

Dealing with a car insurance claim can be stressful, especially when the insurer’s offer doesn’t cover the full cost of repairs. Unfortunately, insurers often underestimate car claims to save money. Here’s why this happens and what steps you can take to ensure you’re fairly compensated. DOWNLOAD: “What to Do When

Read More >
A rear-end collision between two vehicles, showing a compact car with severe front-end damage and an SUV with minor rear damage.

The Top 50 Deadliest Cars on US Roads

When we think about road safety, we often focus on the drivers, the weather, or road conditions. But one major factor we sometimes overlook is the vehicle itself. Some models, despite their popularity, have proven to be much deadlier than others. In this article, we’ll dive into the deadliest vehicle

Read More >
BMW emblem partially covered in snow, showcasing the iconic blue and white logo in winter conditions.

How BMW Dominated 2023 with Innovation and Sustainability

BMW, a brand synonymous with luxury, performance, and precision, made headlines in 2023 for all the right reasons. While the automotive industry faced ongoing global challenges like supply chain disruptions and a growing push for sustainability, BMW managed to not only navigate these hurdles but also post record-breaking sales. What’s

Read More >