Tesla has recently started accepting trade-ins for its Cybertruck, a move that has brought to light the vehicle’s significant depreciation. Owners are reporting trade-in values that are substantially lower than their original purchase prices.
One Cybertruck owner, who purchased an all-wheel-drive model for $100,000, received a trade-in offer of $63,100 after driving 19,623 miles, reflecting a depreciation of approximately 37%. Another owner of the Cyberbeast variant, initially costing $127,000 with tax, was offered $78,200, indicating a similar depreciation rate.
These figures surpass the typical two-year depreciation average of 30% for new vehicles, as noted by Kelley Blue Book. Electric vehicles, including the Cybertruck, often depreciate faster due to factors like market saturation and reduced demand. A study by iSeeCars found that EVs lost an average of 58.8% over five years, while comparable electric trucks like the Rivian R1T depreciated only 29% in two years.
Tesla’s decision to accept Cybertruck trade-ins marks a reversal from its earlier stance. Initially, the company had policies preventing Cybertruck owners from reselling their vehicles within a year of purchase, with penalties for violations. This policy was amended following public backlash.
The Cybertruck has faced challenges beyond depreciation. Production issues, recalls, and design flaws have affected its market performance. For instance, a recall affected 46,096 Cybertrucks due to an adhesive issue that led to metal trim pieces detaching while driving.
Despite initial enthusiasm, with over a million reservations reported, the Cybertruck’s sales have been underwhelming. As of 2025, fewer than 50,000 units have been delivered.
Tesla’s trade-in process requires customers to submit vehicle information, including VIN, mileage, and condition, through the Tesla app. Photos may also be requested.
The significant depreciation of the Cybertruck serves as a cautionary tale for potential buyers, highlighting the importance of considering resale value when purchasing new vehicles, especially in the rapidly evolving electric vehicle market.
