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Tesla opened Cybertruck trade-ins, and the numbers aren’t pretty | TechCrunch

TechCrunch · 2m ago

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Tesla has begun allowing Cybertruck trade-ins, revealing significant depreciation for owners. Reports indicate depreciation rates of up to 45%, with quotes showing a 37% to 38% loss for recent models. Tesla initially banned resales to prevent scalping and manage brand image. This policy, combined with issues like quality control problems and Musk’s political associations, may have delayed trade-ins. While trade-in values are typically lower, quick depreciation is common for EVs.