Tesla starts accepting Cybertruck trade-ins, confirms insane depreciation (35-45%)
https://electrek.co/2025/05/18/tesla-starts-accepting-cybertruck-trade-ins-confirms-insane-depreciation/Open linkView original on lemmy.world261
Comments46https://electrek.co/2025/05/18/tesla-starts-accepting-cybertruck-trade-ins-confirms-insane-depreciation/Open linkView original on lemmy.world
They "depreciated" so much because the longer they were out, the more evidence there was that they were never worth that much in the first place.
they are design nightmares and not even in the cute Jaguar's transmission kind of way.
Ooo that sounds interesting, what's wrong with the transmission on jaguars?
it's more for older models where overengineering for ridiculously smooth transitions at the cost of greater wear and maintenance. Considered acceptable as a person who owns a jaguar likely owns several cars and it isn't a burden for frequent maintenance
People who can barely afford Jaguars learn the hard way that it was meant as a weekend car
Cool, thanks for sharing!
consider it fell apart soon after a customers buys it, it probably is at most 20-30k at best.
They knew they were getting fucked by a fascist. That is what they paid for.
I'll take one when it's cheaper than the battery pack.. then sell the rest of the damned thing for scrap
They're work 35k to me. At most.
I got both my Tacoma and Nissan leaf for less than that. As a truck, the cybertruck sucks. As an electric car, the cybertruck sucks.
Sure! But I already have a Sequoia and a Honda FIT if I was going to replace my Honda fit (I'm hopefully getting a slate truck) I'd replace it with an electric truck. I do 120 miles a day commute.
Ew.
But those slate trucks look fun as shit. If it ends up meeting expectations, it might be one of the only trucks I'd consider getting rid of my Tacoma for.
I know but cost of living is so much better away from the Baltimore beltloop. :/
I'm conscious that it could be vaporware of a product but if it comes out I'll be happy I put in the reservation. My fit is going to be toast by the time the slate starts rolling off the assembly line.
I bought my '08 wrx used for $16,500. Would rather have 2 of them than a cybertruck
Yea that's fair. I'm not saying I'd purchase this truck. I'm saying I'd value them at 35k at best.
Once they depreciate enough, they'd be great sources for home backup batteries. The rest of it can go for recycling.
Absolutely, no sense wasting that lithium. Teslas can achieve salvation by being rebuilt into Priuses
I mean, it's already wired for fast charging and high output, might as well use the entire pack and as much of the controllers as we can without connecting back to HQ
I don't know about the cyber truck specifically, but there is definitely already open source hardware and firmware designed for this. It interfaces with the battery via canbus. It then presents as a standard battery to most solar inverters. I know it definitely works with standard tesla batteries.
This is great news!
Imagine being such a terminally sycophantic chump that, after experiencing Cybertruck ownership, you trade it in for yet another Tesla.
I don't think you understand the power of identity yoking
You know what? I'll change my mind.
Fix the long list of problems with them,pay for the insurance, remove the T logo, and I'll drive it.
That way when I get asked about driving around in a 7 year olds drawing for a truck, at least I can say it was free and I'm no longer buying gas.
You know how you can still tell that a building was originally a Pizza Hut even with the signs removed/changed?
It was more of a thing towards Musk's ego more than anything
Really? As a car, the brand is the least of its issues.
There's a reason that car is not legal in a lot of countries.
I include that - it's the first constraint...
There's a value I would take a cybertruck for. That value is lower than my 2010 Tacoma with almost 250,000 miles, though.
Actually, now that I think about it, there are enough things I think are dangerous about it, both to others and occupants, stupid design decisions, etc., that no, I don't think I'd even take a free one.
When you lost a technological advantage - u then rely on your country protecting you via tariffs.
But this means we the people then fund your failed business.
This means you cannot be an asshole and be super duper grateful for people funding ya and protecting ya. this typically means you don't throw sieg heils.
i can't believe Tesla shareholders keep musk still, think it's likely gonna chnage
they were buying it to sustain teslas long enough so that musk can cash out on that original 56bn payout from the stocks.
Could become collector’s car eventually
Your uncle presses a hidden button to open an old garage door. Years of leaves and dead vines fall from the top edge, and a surprised bird darts out from its nest on the now-opaque window. As the door creaks open, the scent of stale Axe body spray floods the overgrown driveway.
Inside, you see walls adorned with Kanye posters, Bored Ape printouts and flash drives in glass cases, and his crown jewel in the center - an original Cybertruck, still in mint condition. With a grin on his face, your uncle struts up to the masterpiece and pats it on the hood. The front bumper immediately comes loose, but he kicks it back into place before it hits the ground.
Exactly. Somebody like this will want to collect the car.
Ooph. Forgot about those.
Feast your eyes on this:
I rest my case.
They'll have some on display in the Holocaust Museums and Nazi Museums for sure.
They won't last that long
Rarity and notoriety drive collectability.
https://youtu.be/33AP0JnXSOA
Correct. Most didn't survive. Of those that have, very few are in excellent condition. Of those few, almost none are all original. Those rare few are collectable now. Furthermore, it was featured prominently in a hit TV show. Rarity and notoriety will make a very, very few Cybertrucks into collectibles. It's probably going to be a while though.
It has a very unique visual. Of course it may.
$5.6 per mile based on the article I saw yesterday.
JFC that's insane!
Are you looking for a rate, like money per day lost? It's depreciation, an incalculable loss of value which is another idea that has no objective basis. One person could value it while many others hate it and it doesn't change the thing itself. Value is fake. Hating on fake things is not worth your time.
The first Cybertrucks started shipping in November 2023 but most were more after the start of 2024, so at best it’s a 1½ year period.
The article showed a screenshot of an owner who had tried Tesla’s online trade-in estimate with a 2024 that had only 6,211 miles on it.
From the article:
EDIT: corrected mileage from screenshot
Maybe you should read the article then before commenting since it calls out that the car has been on sale for 1.5 years.
Post the article in the comments if you care so much.