Tesla allows Cybertruck owners to trade in their vehicles for the first time, but they’re facing steep depreciation. Reports show values dropping as much as 45%.
CarGurus highlighted a sharp decline, while Business Insider spoke to two owners revealing just how much they’ll lose. One owner with a $100,000 AWD 2024 model, after 19,623 miles, was quoted $63,100. That’s a 37% hit. Another owner, who bought a $127,000 Cyberbeast, was offered $78,200—about a 38% loss after just eight months.
The situation follows Tesla‘s previous ban on resale to control the hype and prevent scalping. The decision to allow trade-ins may also stem from complaints over quality control, including issues like runaway gas pedals and falling trim pieces. 
It’s important to note that trade-in values usually lag behind private sales, and EVs tend to depreciate quickly. Some models can lose up to 50% of their value in just the first year.
Trade-in offers for Cybertruck owners have sparked concern over substantial losses.
"We received a quote for $63,100 on a $100,000 model," said one disgruntled owner.
"It’s frustrating to see that much value evaporate so quickly," said another.
With these numbers, Tesla customers might think twice before trading in their rides.
