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The Truth About Cars

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Cybertruck Owners Can Now Trade In Their Trucks for a Significant Loss

  • Tesla now allows Cybertruck owners to trade in their trucks for a less polarizing model after previously not accepting trade-ins or lease buyouts.
  • One of the reasons for the delay in trade-ins is the significant depreciation of the Cybertruck, with owners experiencing around 35% depreciation after just a year and 6,000 miles.
  • Many owners have found Tesla's trade-in offers to be more generous than the actual check they receive, with the trade-in value estimates being subject to change based on market conditions.
  • Despite over a million reservations for the Cybertruck, only about 40,000 were eventually sold, leading to an accumulation of unsold inventory as Tesla's sales slowed amidst controversies surrounding CEO Elon Musk.

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