Tesla reveals ‘insane’ drop in value of used Cybertrucks as 10,000 go unsold - Value crash comes despite Elon Musk claiming they will be ‘appreciating assets’

The struggles never seem to end for Tesla. Elon Musk's embattled electric vehicle empire is floundering on its long-anticipated Robotaxi launch as sales plumet to record lows and Tesla bulls dump their stocks.

One owner, who posted a screenshot of their offer on the Cybertruck Owners Club forum, noted that Tesla returned a trade-in estimate of $65,400 for their example with just 6,211 miles recorded. Another, who drove their 2024 Cybertruck more than 32,000 miles since taking delivery, was offered $60,500.