Tesla has started accepting trade-ins for the Cybertruck, but owners are finding that their vehicles have depreciated significantly, with values dropping by up to 39% within just one year. Trade-in offers from Tesla, while higher than alternative platforms, still indicate a steep decline in value compared to the original retail price. This depreciation contradicts earlier claims by CEO Elon Musk about the Cybertruck being an appreciating asset. Additionally, the overall market for the Cybertruck has cooled since its release in late 2023, impacting resale values further.
Tesla has finally started accepting Cybertruck trade-ins, but owners are facing significant depreciation, with some models losing over a third of their value in just one year.
The market for Cybertrucks has cooled greatly since deliveries began, with trade-in values drastically lower than initial prices, contrary to Tesla's expectations of appreciation.
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