Tesla has started accepting trade-ins for its own Cyber truck, marking a shift after over a year of avoiding it. The move highlights what many had suspected: the Cyber truck is facing severe depreciation.
When deliveries began in late 2023, the Cyber truck arrived with a higher price tag and less performance than originally promised. Although Tesla once claimed over 1 million reservations, only about 40,000 customers went through with their orders.
Now, Tesla is dealing with large amounts of unsold inventory, forcing it to offer deep discounts. Previously, Tesla wouldn’t accept Cyber truck trade-ins—likely due to the sharp decline in value and the risk of being burdened with unsellable trucks. 
As of now, Tesla is offering trade-in values for the Foundation Series Cyber trucks. One example shows a 2024 Cyber truck AWD Foundation Series purchased for $100,000 now being offered a trade-in value of $65,400—with just 6,000 miles on it. That’s a depreciation of 34.6% in only one year. Learn more news visit our Website.
For comparison, most pickup trucks lose about 20% of their value in the first year and around 34% over 3-4 years. On Car Guru and other platforms, the real-world depreciation is reportedly closer to 45%.
The depreciation appears to be Tesla’s own doing. The company flooded the market with the Foundation Series, creating no scarcity and overproducing the variant. In some cases, badges were removed to sell them as standard models, and many units have remained unsold for up to six months.
Tesla’s reluctance to accept the trucks initially also discouraged used car dealers from stocking them. Combined with ongoing issues—limited range, poor towing performance due to the aluminum frame, lack of compatibility with common truck accessories, and the still-unfulfilled promise of Full Self-Driving—the Cyber truck has become a tough sell.
Although the vehicle has vehicle-to-home (V2H) capabilities, it’s a proprietary and expensive feature. Most buyers would be better off using simpler power solutions like a 240V output port.
Ultimately, Tesla now finds itself with a large inventory, a slowing production line, and early owners seeking to offload their Cyber trucks at steep losses. The initial hype has fizzled, and the Cyber truck is shaping up to be Tesla’s most depreciating vehicle to date.
