Production Dead, Demand Alive: Used Tesla Model X Is Flying Off Lots

• Tesla’s decision to retire the two vehicles came amid falling demand; sales of the Model X, S, and Cybertruck vehicles cumulatively accounted for just 3% of Tesla’s overall global deliveries in 2025. 
• In the U.S., the Model X is priced at around $100,000, compared to Tesla’s Model Y mass market SUV, which starts at about $40,000. 
• According to a study from iSeeCars.com, the demand for used Tesla Model X vehicles remains exceptionally strong even as the broader used-car market slows and non-Tesla electric vehicles struggle with plunging prices and longer selling times.

Demand for Tesla Inc’s (TSLA) Model X SUV, slated to end production this quarter, is fast rising in the used vehicle market, according to a new study.

Tesla CEO Elon Musk first announced the company’s decision to retire the Model S and X in January. Earlier this month, the CEO said during Tesla’s first-quarter earnings call that the last of the vehicles would be produced at the company’s factory in California in early May.

Both the Model S sports sedan and the Model X SUV are Tesla’s more premium vehicles. In the U.S., the Model X is priced at around $100,000, compared to Tesla’s Model Y mass market SUV, which starts at about $40,000.

Tesla’s decision to retire the two vehicles came amid falling demand; sales of the Model X, S, and Cybertruck vehicles collectively accounted for just 3% of Tesla’s overall global deliveries in 2025.

What Does The Study Show?

The demand for used Tesla Model X vehicles remains exceptionally strong, even as the broader used-car market slows and non-Tesla electric vehicles struggle with plunging prices and longer selling times.

A study from iSeeCars.com, which examined 1- to 5-year-old used cars sold in the first quarters of 2025 and 2026, found the Tesla Model X ranked No. 1 among the 20 fastest-selling used cars. On average, listed Model X vehicles spent just 25.6 days on the market — roughly 0.4 times the overall market average of 58.8 days and far faster than the 60.1 days required for non-Tesla EVs.

Three of the top 10 fastest-selling models were Teslas, highlighting the brand’s outsized pull among used-car shoppers. While Tesla Cybertruck occupied the 7th position on the list, the Model Y is the 9th fastest-selling used car, the study noted.

Tesla EVs maintained a flat 1.3% share of the 1- to 5-year-old used market in Q1 2026, even as non-Tesla EV share climbed to 2.4%. Average listing prices for Tesla EVs were essentially unchanged year-over-year, dipping a negligible 0.1% to $31,458. By contrast, non-Tesla EV prices fell 10.3% — one of the steepest drops across all powertrain categories.

Selling velocity tells a similar story. Tesla EVs moved in an average of 32.4 days during Q1 2026 — the fastest of any major drivetrain group and a full 27.7 days quicker than non-Tesla EVs. The entire market slowed slightly, but Tesla vehicles continued to clear dealer lots and private listings.

How Did TSLA Retail Traders React?

On Stocktwits, retail sentiment fell from ‘extremely bullish’ to ‘bullish’ territory over the past 24 hours, while message volume reduced from ‘high’ to ‘low’ levels.

TSLA stock rose 34% over the past 12 months. 

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