The Damage Report
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Elon Musk Con CRUMBLES As Terrible Cybertruck Numbers Finally Revealed
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May 26, 2025
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4:32Now PlayingElon Musk's past comes back to haunt him as disastrous Tesla numbers are revealed after Tesla is finally forced to allow trade-ins due to the surge of Cybertruck owners trying to trade in and resell their cars, with owners getting hit with shocking depreciation. John Iadarola and Sharon Reed break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
Tesla opened Cybertruck tradeins, and the numbers aren’t pretty
"Per Inside EVs, Cybertruck owners are now allowed by Tesla to trade in their cars for the first time since they hit the market – but they’ll incur a heavy hit in the process.
CarGurus recently showed depreciation rates of up to 45%. Meanwhile, Business Insider talked this past week with two owners who shared firsthand what value Tesla has assigned their Cybertruck. One owner, who bought a $100,000 AWD 2024 model and accumulated 19,623 miles, received a quote for $63,100 (a 37% depreciation); the other purchased a top-of-the-line $127,000 Cyberbeast last September was shown a quote for $78,200, which would amount to a 38% loss after eight months.
Tesla initially banned owners from reselling the vehicle – a policy typically used to prevent scalping of high-demand vehicles and to maintain brand control. In Tesla’s case, it may also have delayed a wave of trade-ins or resales from owners facing a backlash owing to Elon Musk’s high profile in the Trump administration or frustrated with ongoing quality control issues, which have included runaway gas pedals and falling trim pieces."
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