Tesla starts accepting Cybertruck trade-ins, confirms insane depreciation
Tesla has begun accepting trade-ins for the Cybertruck, over a year after its deliveries commenced. The company previously refrained from accepting its own vehicle as a trade-in due to significant depreciation concerns. The Cybertruck has struggled commercially, with higher costs and lower performance than initially promised at launch.
Tesla has started accepting Cybertruck trade-ins, something that wasn’t the case more than a year after deliveries of the electric pickup truck started.
We are starting to see why Tesla didn’t accept its own vehicle as a trade-in: the depreciation is insane.
The Cybertruck has been a commercial flop.
When Tesla started production and deliveries in late 2023, the vehicle was significantly more expensive and had less performance than initially announced.
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