Tesla Cyberflop? Tesla Cyberflop?

Musk admits what you already know

Tesla has finally let the Cybertruck cat out of the bag – and it’s taken a massive bite out of its customers’ wallets. After months of snubbing its own customers, the EV giant has quietly started accepting Cybertruck trade-ins… and the resale reality is more depressing than a Monday morning with a dead battery.

Tesla has been around for a while. flat-out refused to take its futuristic steel beast back from buyers – even those desperate to swap their stainless steel statement on wheels for something a bit less Doomsday Chic. Now? Elon’s empire has finally started to make offers. Guess what? They are just as painful as a full-speed Autopilot crash.

One brave soul revealed, “My $99 990 Cybertruck now only worth $65,400,” on the Cybertruck Owners Club Forum, after clocking only 6,211 miles.

A second owner, who had driven his truck over 32,000 miles within a year was offered $60.500. This is a 40% drop, which is faster than the Bitcoin crash.

One owner commented, “I plan to keep driving my car until I die.” The value of the vehicle is too low to upgrade or trade in. You can also check out our other articles. offer.”

Rustproof, not wallet-proof

Cybertruck was wrapped in stainless-steel, clauses, and hype when it finally left production. Early adopters were the first to use it. Foundation Series had to agree not to resell for a year – a move that now seems less about exclusivity and more about damage control.

Now, with that clause expired, Tesla has quietly started taking trucks back…

Not just Tesla’s truck is falling in value: all EVs are declining. You can also check out our other products.

Let’s be fair – it’s not just the Cybertruck getting clobbered on resale. General electric pickups are not very popular.

According to Kelley Blue Book, a 2024 Ford F-150 Lightning Platinum sheds a shocking $30,707 in value in just one year – that’s 36% of the original $87,090 is gone.

What is the so-called “electric revolution”? It feels more like a yard sale.

You might Save the Planet, but you could torch your wallet – electric cars are losing value faster than you can say “aged milk.” According to Autovista GroupBatterie-electric cars (BEVs), also known as battery-electric vehicles, are The plummeting In Europe, three-year old models retain a much lower percentage of their original sticker price than equivalent petrol or diesel cars.

Ireland DoneDeal Reports have shown a staggering 15% drop in the price of used EVs in just one-year, due to a flood in ex-fleet vehicles and massive new car price reductions by manufacturers.

While early EVs were ditched like last year’s iPhone due to dodgy range and sluggish charging, today’s models are slicker – but their older cousins are still paying the price.

Battery Fears? Not so justified anymore – data from Recurrent Just 2.5% needed replacements outside of the recalls.

The second-hand industry is not just about what’s on the inside: Chinese budget brands and post-COVID chaos in the supply chain have all contributed to the distorted scene.

Some Teslas are €8.5k cheaper than a Corolla in one EU country and a whopping €6.5k Dearer In another, the subsidies are completely different.

The steel Elephant in the Room

Why finally did Tesla crack and begin accepting trade-ins for its cars?

Simple. They couldn’t ignore a growing number disillusioned car owners who wanted to cut their losses. Offering a trade-in is damage control – a way to keep people in the Tesla ecosystem, even if it means swallowing a few bitter losses. It’s like smiling and being slapped at the same time.

The Verdict

Elon Musk’s patience on Twitter is eroding the value of Elon’s Cybertruck. The Cybertruck may still be a popular vehicle on the road, but it isn’t as valuable as a Betamax when it comes to trading it in. If you thought your Cybertruck would hold its value like a classic Jaguar – think again. It looks like a fridge on wheels.

The good news is? As tech improves You can also find out more about the following: buyers wise up, used EVs may finally start holding their charge – both on the road and Your bank balance.

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