Overview

• Tesla has begun accepting Cybertruck trade-ins, exposing resale values that have dropped by as much as 45% within eight months of ownership.
• Owners report steep depreciation, with trade-in quotes showing losses of 37% to 38% for high-end models purchased in late 2024.
• The Cybertruck’s depreciation far exceeds Tesla's original claim of a 30% drop over three years, raising concerns about market performance.
• Factors contributing to the decline include increased competition from EV rivals like Rivian and Ford, as well as Elon Musk's polarizing public image.
• Tesla has also been discounting new Cybertrucks to address a growing inventory of unsold units, signaling weaker-than-expected demand.