Tesla Causes Used Car Prices to Plunge -- What You Need to Know

Tesla (NASDAQ: TSLA) has already caused chaos in the used car market in the first few weeks of 2023. The company lowered prices on new vehicles, which caused a drop in used

vehicle values, and the impact may show weakness in both auto companies and the economy overall. Travis Hoium highlights what you need to know in this video. *Stock prices

used were end-of-day prices of Jan. 18, 2023. The video was published on Jan. 19, 2023. SPONSORED: 10 stocks we like better than Carvana When our

award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the

market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Carvana wasn't one of them! That's right -- they think these 10

stocks are even better buys. See the 10 stocks   *Stock Advisor returns as of January 9, 2023   Travis Hoium has positions in General Motors and has the

following options: long March 2023 $83.33 puts on Tesla. The Motley Fool has positions in and recommends CarMax and Tesla. The Motley Fool has a disclosure policy. Travis Hoium is

an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports

their channel. Their opinions remain their own and are unaffected by The Motley Fool.