In addition to the depreciation of a used Tesla, additional reasons that are contributing to this downward trend include the recent stabilization of gasoline prices, intensifying competition among electric vehicles, and the

rising manufacturing of Tesla automobiles. Furthermore, during the course of 2022, Tesla's share price has

experienced a significant decline of 65 percent. Last week, Tesla shares experienced another decrease in value

when the firm announced a $7,500 discount on specific Tesla models, which is the same amount offered by the

federal government as a tax incentive for purchasing an electric vehicle (EV) from a unionized carmaker. Tesla

announced that it will provide complimentary supercharging for a distance of up to 10,000 miles for vehicles delivered in December 2022, in order to further incentivize purchases.