Overview

• Tesla has begun accepting trade-ins for its Cybertruck, reversing its previous policy and offering credits that highlight steep depreciation rates.
• Trade-in estimates show Cybertrucks lose 34–38% of their value within a year, significantly higher than the typical 20% first-year depreciation for pickup trucks.
• Tesla holds approximately $200 million in unsold Cybertruck inventory, contributing to production cutbacks and reallocation of staff to Model Y assembly lines.
• Despite over 1 million reservations, only 46,000 Cybertrucks were delivered in the first year, with Q1 2025 sales and production rates falling further.
• Tesla's Q1 2025 financial report revealed a 9% year-over-year revenue decline, with automotive revenue dropping 20%, reflecting broader challenges for the company.