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Tesla Used Car Prices Plummet 7.26%, Cybertruck Down 58%

3/18/2025

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Summary

Story summary

Tesla's used car prices have dropped 7.26% over the past year, outpacing the overall market decline.
The Model X is the sole Tesla model experiencing a price increase, while the Cybertruck's value has plummeted by 58%.
An influx of owners selling their vehicles is driving the price decrease.
This depreciation challenges the perception of Tesla cars as appreciating assets.

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Story summary

Tesla's used car prices have dropped 7.26% over the past year, outpacing the overall market decline.
The Model X is the sole Tesla model experiencing a price increase, while the Cybertruck's value has plummeted by 58%.
An influx of owners selling their vehicles is driving the price decrease.
This depreciation challenges the perception of Tesla cars as appreciating assets.