Around Internal EVCybertruck owners are allowed to trade cars for the first time since Tesla hit the market, but in the process it will result in a massive hit.
Cargurus recently showed depreciation rate 45%. Meanwhile, business insiders I talked about it last week With two owners who directly shared the value Tesla assigned cybertruck. One owner, who purchased the $100,000 AWD 2024 model and accumulated 19,623 miles, received an estimate of $63,100 (37% depreciation). The other bought a CyberBeast, which costs a minimum of $127,000 in September last year. This was estimated at $78,200. This will result in a 38% loss in 8 months.
First Tesla Prohibited Owners From vehicle resale – a policy normally used to prevent scalping of high demand vehicles and maintain brand control. Tesla’s case may have slowed the wave of trade-in or resale from owners facing backlash due to Elon Musk’s prominent profile in the Trump administration, or may be unhappy with ongoing quality control issues, including runaway gasoline pedals and falling trim pieces.
Notable: Trade-in figures are usually lower than private party sales, and EVs as a category are depreciated at high speeds. According to Wired, some brands could lose 50% First year.
