Mon May 26 20:10:00 UTC 2025: ## Cybertruck’s Value Takes a Hit: Tesla Now Accepting Trade-Ins, Revealing Steep Depreciation
**Palo Alto, CA** – Tesla has begun accepting Cybertruck trade-ins, offering the first real-world look at the electric pickup’s depreciation. Early estimates show a significant drop in value, potentially exceeding the average depreciation for vehicles, even for EVs.
Just over a year after initial deliveries, two Cybertruck owners shared their trade-in estimates with Business Insider, revealing depreciation rates of approximately 37% to 38%. One owner of an all-wheel-drive Cybertruck, who purchased the vehicle with add-ons for around $100,000 a year ago, received a trade-in estimate of $63,100 after driving nearly 20,000 miles. A Cyberbeast owner, who spent roughly $127,000 on their vehicle just eight months ago, was offered $78,200 in trade-in value.
While these are preliminary estimates, subject to change based on market conditions and vehicle details, they paint a picture of rapid depreciation. This is particularly noteworthy considering Tesla initially restricted Cybertruck resales and didn’t offer trade-ins, leading to speculation about long-term value.
Typically, new cars depreciate around 30% in their first two years, according to Kelley Blue Book. While EVs generally depreciate faster than traditional vehicles, the Cybertruck’s early estimates appear steeper than some competitors, like the Rivian R1T.
Several factors may be contributing to this depreciation, including the overall EV market slowdown and potential negative sentiment surrounding Tesla CEO Elon Musk. Reports of harassment and vandalism faced by Cybertruck owners may also be influencing the vehicle’s resale value.
This move to accept trade-ins comes amid reports of scaled-back Cybertruck production and earlier disclosures revealing Tesla delivered fewer than 50,000 Cybertrucks, despite initial claims of over a million reservations.
The Cybertruck’s depreciation rate will likely be watched closely by industry analysts and current owners, as it serves as a crucial indicator of the vehicle’s long-term market value and consumer demand.
First Piper 