Per Inside EVs, Cybertruck owners are now allowed by Tesla to trade in their cars for the first time since they hit the market – but they’ll incur a heavy hit in the process.
CarGurus recently showed depreciation rates of up to 45%. Meanwhile, Business Insider talked this past week with two owners who shared firsthand what value Tesla has assigned their Cybertruck. One owner, who bought a $100,000 AWD 2024 model and accumulated 19,623 miles, received a quote for $63,100 (a 37% depreciation); the other purchased a top-of-the-line $127,000 Cyberbeast last September was shown a quote for $78,200, which would amount to a 38% loss after eight months.
Tesla initially banned owners from reselling the vehicle – a policy typically used to prevent scalping of high-demand vehicles and to maintain brand control. In Tesla’s case, it may also have delayed a wave of trade-ins or resales from owners facing a backlash owing to Elon Musk’s high profile in the Trump administration or frustrated with ongoing quality control issues, which have included runaway gas pedals and falling trim pieces.
Worth noting: trade-in figures are typically lower than private-party sales, and EVs as a category depreciate fast. According to Wired, some brands can lose up to 50% in year one.
Per Inside EVs, Cybertruck owners are now allowed by Tesla to trade in their cars for the first time since they hit the market – but they’ll incur a heavy hit in the process.
CarGurus recently showed depreciation rates of up to 45%. Meanwhile, Business Insider talked this past week with two owners who shared firsthand what value Tesla has assigned their Cybertruck. One owner, who bought a $100,000 AWD 2024 model and accumulated 19,623 miles, received a quote for $63,100 (a 37% depreciation); the other purchased a top-of-the-line $127,000 Cyberbeast last September was shown a quote for $78,200, which would amount to a 38% loss after eight months.
Tesla initially banned owners from reselling the vehicle – a policy typically used to prevent scalping of high-demand vehicles and to maintain brand control. In Tesla’s case, it may also have delayed a wave of trade-ins or resales from owners facing a backlash owing to Elon Musk’s high profile in the Trump administration or frustrated with ongoing quality control issues, which have included runaway gas pedals and falling trim pieces.
Worth noting: trade-in figures are typically lower than private-party sales, and EVs as a category depreciate fast. According to Wired, some brands can lose up to 50% in year one.
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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