Overview

• Tesla has reversed its no-trade-in policy for the Cybertruck, now accepting lightly used Foundation Series models.
• Trade-in offers for a $100,000 AWD Cybertruck with 6,000 miles are approximately $65,400, confirming a 34.6% depreciation rate in under a year.
• The depreciation rate far exceeds the typical first-year loss of 20% for standard pickup trucks, highlighting significant value retention issues.
• Despite over 1 million reservations, Tesla delivered only about 46,000 Cybertrucks in the first year, leading to an inventory buildup of around $200 million.
• The Cybertruck’s depreciation and inventory challenges contrast sharply with Elon Musk's earlier claims that Tesla vehicles would appreciate in value.