<ul><li>Tesla has now allowed Cybertruck owners to trade in their cars for the first time since the vehicles hit the market, but owners face significant depreciation rates of up to 45%.</li><li>Recent reports indicate that Tesla has assigned quotes that translate to 37% to 38% depreciation for Cybertruck owners looking to trade in their vehicles, with one owner experiencing a loss of $36,900 on a $100,000 AWD 2024 model.</li><li>Initially, Tesla prohibited owners from reselling the Cybertruck to prevent scalping and maintain brand control, but this policy likely also delayed trade-ins or resales due to various factors, including Elon Musk's associations and quality control issues.</li><li>The trade-in values offered by Tesla are expectedly lower than private-party sales, and electric vehicles, in general, depreciate rapidly, with some brands losing up to 50% of their value in the first year.</li></ul>

Tesla opened Cybertruck trade-ins, and the numbers aren’t pretty

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