CarGurus reports that the typical price for a pre-owned Cybertruck has decreased by roughly 30 percent compared to the previous year. In contrast, the prices of Tesla vehicles in general, not just Cybertrucks, have seen a drop of approximately 13 percent year over year.
What has caused such a significant decline in Tesla’s Cybertruck value? In its brief time on the market, the truck has faced continuous challenges. Numerous recalls and performance problems have emerged. Additionally, the public sentiment towards Tesla’s CEO, Elon Musk, has shifted negatively, and all these elements have affected the appeal — and thus the resale value — of the Cybertruck overall.
