- Production of the Tesla Model X is ending this quarter at the company’s California factory, as confirmed by CEO Elon Musk in May.
- Despite the premium SUV and Model S accounting for just 3% of 2025 global deliveries, demand in the used vehicle market for the Model X is exceptionally strong.
- According to a study from iSeeCars.com, used Model X vehicles sell faster than any other car, averaging just 25.6 days on the market.
In early May, Tesla CEO Elon Musk confirmed the final Model X vehicles were being produced at the company’s California factory, marking the end of the premium SUV’s production run. This decision, initially announced in January, came as demand for the high-end Model S and X slumped to just 3% of the automaker’s total 2025 global deliveries.
Consequently, the new Model X carried a U.S. price tag around $100,000, far above the mass-market Model Y’s starting point of about $40,000. However, the vehicle’s impending rarity appears to be fueling a surge of interest among second-hand buyers.
A study examining used cars from iSeeCars.com found the Tesla Model X was the fastest-selling used car in early 2026. Listed Model X vehicles spent an average of only 25.6 days on the market, significantly faster than the overall market average.
Meanwhile, non-Tesla electric vehicles struggled with plunging prices and slower sales, taking over 60 days to sell on average. This disparity highlights Tesla‘s resilient brand strength in the pre-owned segment, where its vehicles continue to command stable prices and quick turnover.
Retail trader sentiment on platforms like Stocktwits shifted from “extremely bullish” to merely “bullish” as news circulated. Despite this cooling, TSLA stock had risen 34% over the preceding 12-month period, reflecting broader market confidence.
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