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The Independent UK
The Independent UK
National
Anthony Cuthbertson

Tesla starts accepting Cybertruck trade-ins – with ‘insane’ depreciation

Tesla Inc.
  • Tesla has started accepting trade-ins for Cybertrucks, revealing a significant drop in their resale value.
  • A year-old Cybertruck with 10,000km has been valued at US$65,000, a $35,000 drop on its original price.
  • This depreciation rate is about five times faster than the average for pickup trucks and has been labelled “insane” by electric vehicle news site Electrek, which first reported the trade-ins.
  • The drop contradicts Tesla owner Elon Musk's 2019 claim that his vehicles would be "appreciating assets".
  • Tesla reportedly has 10,000 unsold Cybertrucks, indicating a potential oversupply and contributing to the lower trade-in values.

IN FULL

Tesla reveals ‘insane’ drop in value of used Cybertrucks as 10,000 go unsold

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