Tesla has officially begun accepting trade-ins for the Cybertruck — but early owners might want to brace themselves. According to InsideEVs, depreciation is steep, and the numbers are raising eyebrows.
Recent data from CarGurus shows Cybertruck models dropping up to 45% in value. Business Insider also spoke with two early adopters who shared their disappointing trade-in quotes:
- One owner of a $100,000 2024 AWD model with nearly 20,000 miles was offered $63,100 — a 37% loss.
- Another, who purchased a fully loaded $127,000 Cyberbeast last fall, was quoted just $78,200, marking a 38% depreciation in less than a year.
Originally, Tesla restricted resales to avoid flipping and maintain brand control. But it may have also postponed a flood of trade-ins from dissatisfied owners — whether due to Elon Musk’s political entanglements or persistent quality issues like faulty pedals and loose trim.
Worth noting: trade-in offers are typically lower than private-party sales, and EVs in general tend to depreciate quickly. Wired reports that some electric models can lose up to 50% of their value in the first year alone.