CosmicTaco
CosmicTaco

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

Post image
19d ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
No comments yet

You're early. There are no comments yet.

Be the first to comment.

Discover more
Curated from across
News Discussion
by CosmicTacoGrapevine

The EV Evolution: A Messy Middle

  • Contrary to what you may have heard, electric vehicle sales are up.
  • Tesla sales are down, Ford is scaling back, and GM is delaying an electric truck.
  • JD Power projects 1.2 million EVs will be sold in the US by the end of 2024.
  • Hy...
Post image