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Tesla Cybertruck Trade-In Values Plummet

  • Tesla has opened up trade-ins for Cybertruck owners, but the depreciation is steep.
  • CarGurus reports depreciation rates as high as 45% for these vehicles.
  • One owner reported a 37% depreciation on a $100,000 model after nearly 20,000 miles.
  • Another owner faced a 38% loss on a $127,000 Cyberbeast in just eight months.
  • Trade-in values are typically lower than private sales, and EVs generally depreciate quickly.

Source: TechCrunch

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