Since the number of Teslas being sold has increased, from 367k in 2019 to 1,313k in 2022, the average age of used Teslas is increasing. I am no Tesla fan but the average price of used Teslas has to be looked at adjusting for the average age.
https://www.google.com/?client=firefox-b-d&q=tesla+sales+2019
In other words if 2019 was the first model year (assumption just to make a point) then in 2020 all used Teslas were only 1 year old. Now obviously there are 5 year old Teslas on the used car market.
Hey, you’re not supposed to be logical here.