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Tesla's Cybertruck Struggles: Trade-Ins Amid Plummeting Sales

5/19/2025

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Summary

Story summary

Tesla now accepts trade-ins for the Cybertruck amid disappointing sales.
Over 1 million reservations were made, yet only 40,000 orders were fulfilled.
The Cybertruck's value dropped by 34.6% in its first year, surpassing the usual 20% depreciation.
Excess production resulted in unsold inventory and substantial discounts.
Production has been reduced in response to depreciation and inventory challenges.

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Story summary

Tesla now accepts trade-ins for the Cybertruck amid disappointing sales.
Over 1 million reservations were made, yet only 40,000 orders were fulfilled.
The Cybertruck's value dropped by 34.6% in its first year, surpassing the usual 20% depreciation.
Excess production resulted in unsold inventory and substantial discounts.
Production has been reduced in response to depreciation and inventory challenges.