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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
24d ago
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