Business Desk 
May 26, 2025
In a surprising development in the realm of sophisticated electric vehicles (EVs), Elon Musk-led EV maker Tesla has now allowed Cybertruck owners to trade in their vehicles.
Although the Cybertruck trade-ins have obtained the company's nod, for the first time since Cybertrucks' launch, it has emerged that the owners were facing huge losses in depreciation.
Citing CarGurus, TechCrunch reported that the percentage of depreciation for Cybertrucks can reach up to 45%.
Disclosing trade-in values assigned by Tesla, the publication noted that one of the two Cybertruck owners it spoke to, who purchased a $100,000 all-wheel drive Cybertruck 2024 model and drove it 19,623 miles, received a trade-in value of $63,100, indicating a 37% loss.
Another owner, who bought a high-end $127,000 Cyberbeast last September, was offered $78,200 for trade-in, reflecting a 38% depreciation within just eight months of buying.
It's worth noting that Tesla had previously restricted Cybertrucks' reselling to prevent scalping and maintain brand control. This policy is likely to have delayed trade-ins from owners troubled by quality control issues, such as malfunctioning gas pedals and falling trim pieces, including buyers facing backlash due to Elon Musk's involvement in the Trump administration.
Trade-in values have always been lower than original, private sales, and EVs are more prone to depreciation, with some EV brands bound to lose up to 50% of their value within a year.
