Tesla faces major challenges as Cybertruck sales plummet and the company is forced to accept trade-ins for a vehicle that depreciates quickly. Priced at $100,000, the Cybertruck's trade-in value is only $65,400, reflecting a 34.6% depreciation within a year. This decline is exacerbated by poor production quality and customer dissatisfaction, contradicting Elon Musk's previous claims that Tesla vehicles would appreciate in value. With over 10,000 unsold units, Tesla's current situation raises questions about its future in the competitive EV market.
Though an AWD foundation series Cybertruck will set you back $100,000, Tesla's only willing to pay $65,400 to take it off your hands - a depreciation of about 34.6 percent in just one year.
It's not exactly shocking news. The cracks had started to show as early as spring of 2024 - just months after Cybertrucks hit the market - as news of the EV's shoddy production quality became well-known.
Muskâs absurd claim that Tesla vehicles would only increase in value contrasts sharply with the current reality facing Cybertruck owners.
Tesla's struggles stem from record low sales, dwindling stocks, and a growing reputation for the Cybertruck's production issues, leading to significant customer dissatisfaction.
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