Tesla has begun accepting trade-ins for the Cybertruck, allowing owners to exchange their electric pickups for credit. However, owners have experienced significant depreciation in value, with some losing a third of their original investment within a year. Estimates show that the Cybertruck AWD Foundation Series has seen drops of 34% to 39% in value, highlighting the challenges in the current market for this once-hyped vehicle. Initial trade-in offers from Tesla are slightly higher than those from competitors, but owners should be wary of potential reductions during the process.
"Tesla is now accepting Cybertruck trade-ins, a year and a half after deliveries began in late 2023, but owners face significant depreciation."
"The market has cooled significantly for the angular-shaped pickup, and recent trade-in values have dropped considerably for original owners."
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