34 percent depreciation after one year and 6,000 miles
Multiple signs from the last two quarters indicate that sales of Tesla vehicles are declining more sharply than ever. The company is struggling to sell the Cybertruck in particular, as its perceived value has started to plunge.
In the first quarter of 2025, Tesla saw the biggest sales decline in its history. A January report showed that its year-over-year sales fell by half in Europe overall and by 70% in Germany despite rising sales of other EV brands. In February, sales dropped by 49% in China as the company reported its lowest numbers since 2022. Last month, Chinese EV automaker BYD outsold Tesla in Europe for the first time.
I don’t really want one, but I’m tempted to go down and haggle.
“Really, given how unpopular they are and the unsold inventory, you should pay me to take one. It’s costing you money every day it sits here… Stop the bleeding…”
Someone else made the comment to waste their time with test drivings which sounded pretty funny.
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“There’s a price I’m willing to pay to be seen as a Nazi supporter, but we aren’t low enough yet”
“You laugh, but $20 is $20, right?”
Given the build quality I think it would be a repair bill albatross
Buy a baker’s dozen, and switch to an unused Cybertruck whenever the current one wears out. The whole set should last you for several years.
Good thing I plan on driving mine until I die. There’s no point in trading in/upgrading with that low of an offer.
I would be surprised if an incel camino lasts 3-4 years of regular driving.
after spending 100k+ on it, its a copium for them.
I’m happy they bought it because they thought it would make them feel cool and get noticed, and now they know everyone who sees them driving it thinks they’re an idiot… at best. Best possible outcome for both musk and the cybertruck crowd.
Infamy or Fame
Noticed them though right :Dthey cant think that abstractly.
i noticed 2 types of people drive it, 1 musk , trump supporters, the other buying it because some had a new apple phone type of people, then they want it, so impulsive buying.
There’s a good chance it’ll kill the owner sooner rather than later, so it’s an accurate statement.
Why is this the first time I’m hearing it called the “incel camino”? That’s great.
Edit: Left out a word 🤦♂️
Because technically if you chose to buy one, you volunteered to be celibate. So there is no involuntary about it. They just don’t realize it. They should have read the fine print of their fash wagon closer.
Honestly I think these are probably better designed and more durable.
I thought you were going to link to a Trabant, but I’ll also be with you that any vehicle in Robert’s fleet is more durable and better designed.
TBF, incel is also a misnomer. They are voluntarily celibate
These days, yes. It’s original usage not so much. The origins of the term Etc are actually a recent read. Far cry from what its been twisted to these days.
incels use it, as way to excuse thier shitty creepy behaviour around woman.
Volcel Camino it is, then!
Or perhaps shortened to cel-camino
It has a bunch of other nicknames - CyberAztek and ClusterTruck are the only others I can recall
But yet the stock is still above 300. The valuation of this company and the stock price do not correlate.
Its an investor cult. Like Bitcoin. The valuation and the real world tangible value are completely disconnected.
Tesla is the original meme stock.
The stock market is legalized gambling on vibes.
Never have. The stock market is a glorified casino. Prove me wrong. The entire basis of the stock market is a joke.
Maybe you are a bit wrong ;) casino’s use real money. Stock markets don’t. It’s lots of money that just isn’t there. It’s all made up. If you have 5 million shares of $1 it looks like you have 5 million. Try to sell them at once to become that millionair, there is suddenlyy too much for sale, price drops and they become worthless.
The only way in which shares can more-or-less translate to real money at their face value is if you use them as collateral on a loan. This is how rich people are rich: they use their shares to take out loans which provide them with spendable money. Money now is always more valuable than money in the future, due to inflation and opportunity cost, so most rich people are almost always in monumental amounts of debt, but because they were able to spend a bunch of money up-front, they’re able to invest in things that bring them even more money to pay the debt off. Example: if you had the money to buy a house and rent it out to tenants, the rent you receive will EASILY cover the mortgage - the trick is getting the collateral to get a mortgage to begin with.
The only danger is that banks and lenders write in a clause that if your share prices (ie the collateral the loan relies on) drops below a certain value, you are forced to sell the shares off and give them the proceeds, so that they can recoup at least some of the money they lost on your bad collateral before it devalues completely. This could, theoretically, happen to Musk if $TSLA drops below a certain threshold, which is what half the Internet seems to be hoping for.
This story combines like 3 headlines worth of bad news into one shit sandwich, and man the whole deal tastes like Schadenfreude feels XD
Thoughts and prayers to the wealthy attention-whore douchebags that were affected.
Maybe they can make their money back from YouTube videos tipping CyberTruck over cliffs etc
The company only recently began accepting Cybertruck trade-ins, and a user on a Cybertruck owners forum reported receiving a $65,400 estimate on a 2024 all-wheel drive model with 6,211 miles, a roughly 34 percent depreciation rate in just one year.
The current new price of a Cybertruck is $60,990, so thats actually negative depreciation…
The AWD model costs 30k more.
thats actually negative depreciation…
What? That doesn’t make the least bit of sense for a car that doesn’t sell and nobody wants. With production closed down due to massive stock.
The 34% depreciation is because it’s a more expensive model that cost nearly $100k when he bought it.The 60K is for the RWD and IDK maybe Tesla reduced prices to increase sales?
But AWD is obviously more expensive, especially if it’s the tri motor version.
It is a good deal now but I am afraid people will throw stone at me.
People will shit talk them yet no one can face the fact a model 3 from 2018 is still ahead in features and is still one of the safest cars on the planet…
That’s the fucked up part, Internet will bend the reality to fit its ideology. To me, there’s nothing more offputting. My model 3 from 2021 is doing 4.3 miles per KW at 82k miles doing nothing but 70 mph on dual carriage way
This is from today. You go drive a Ford, you’re not getting these figures RIGHT NOW in brand new dsmo car. No one does phone app the way Tesla does. At most you can use NFC to open it, but the wireless entry? Yeah, it’s not even up for debate. And we’re not talking about the wireless key that can be “hacked” by a wire and car stolen… Or should we talk how charging costs £0.24 on tesla super chargers vs £0.79 for everyone else literally on the other side of the car park? No? Those things are irrelevant now? BUT THE CYBERTRUCK THO!!
As you can see, I’m triggered by stupidity. I simply cannot find a sane place online. But in person? People are still asking me about it. I had 2 bad comments in the time I had it. One from some kid wanna be petrol head how all EVs are shit, unprovoked, I don’t even know him or even looked at him and another jealous twat, I’m sure it wasn’t because of the car but aimed at me…
That’s it. That is the real world out there. Lemmy, reddit, bluesky etc are just echo chambers.
Far from safe and riddled with defects. The cheap door handle design alone to skimp on the cost of a few latches making them death traps, coupled with the laminate glass on every window so you can’t break out is ludicrous. Skipping out on lidar or radar to rely solely on optical safety sensors is babytown frolics, when proven multi-sensor designs that can actually see better than humans already exist.
They also don’t locate the brake lines in proper locations, causing them to prematurely rust out and break, but who cares about being able to stop, right?
It is hilarious watching the glitchy car UI constantly misidentify objects as it drives by them, though.
Who cares about a phone app? They are supposed to be a thing you drive.
Cars designed via broken software design principles is the dumbest thing ever.
Hope you are able to get something safer once you realize how terrible they are, before it hurts or kills you.
Cool Googling brah. The usual bullshit of gathering articles, because no other car has ever had an issue… Those crazy folks doing crash testing must be clearly paid off and EU just giving all of this a pass… Yeah, they surely are happy to let this sell.
While you’re at it, what colour is the sky in your world?
You’ve addressed nothing from my comment but ridiculed something that’s so advanced, you have zero comparison. The usual behaviour. It’s pathetic really.
Safest car in the world that can’t even avoid a fucking Looney Tunes wall. Sure.
Give all the issue they have, both safety and build quality, it’s still a bad deal. Driving a death trap that can be defeated by a large puddle isn’t worth getting for free.
The zune of cars.
I loved my zune, still have it
The Zune was actually a great piece of hardware that was marketed poorly.
The Swastikkkar is a shit vehicle marketed poorly.
Every good thing MS has they suck at marketing. The Zune was a hardware mp3 player, a music app, and a music store/subscription. I don’t see why anybody couldn’t figure out what it was…
The Zune was also brown. It’s like they wanted it to fail.
Mine was black
I like brown
I know new cars depreciate fairly quickly across the board. Does anyone know what the average is?
The industry average is roughly 20% in the first year. And then 5% to 15% every year after. Heavily depends on the brand, model and market conditions. Cult cars like the Tacoma, Wrangler, WRX, and MX5, hold their value well. Whereas high selling, popular cars like the 2013 - 2017 Ford Escape tanked hard. I remember reading an article about that one and it was only worth a couple grand after 5 years.
Escapes are pretty bad cars. My ex had one with just over 100k miles, engine cracked and started leaking coolant into one of the cylinders. Totaled the car with no accident.
I got a 2024 escape as a loaner vehicle and drove it around for over a week. It’s literally the worst vehicle I’ve ever driven with respect to driving feel. It felt like I was driving a schoolbus. It had such poor acceleration and handling; sticker price was like 70K, and I wouldn’t even pay 20K for one. Also, it was like 60$ to fill the tank. Like why lol.
Just passed a Tesla lot today and it was packed full of these trucks, and cars. All were covered in dust.
I read that as rust. thinking that must be some low quality stainless on those trucks.
That’s just how they look clean. That metal doesn’t last. It also gets wobbly. Warpy? Like… it’s not that super flat metal anymore.
They look awful. Good.
Someone in my town owns a cybertruck. The metal started getting badly discolored so they painted it black. It doesn’t look any better in black.
I saw one that had been painted a matte black, and I gotta admit, it actually looked pretty cool. Still a wildly impractical, deathtrap of a car, but it did look like a cool vehicle you’d see in a sci-fi movie.
Yeah I see painted ones too. That’s like painting a DeLorean though—tacky.
as they should be.
Elon Musk is a Nazi
When byd puts out a truck it’s fucking joever
The new slate truck looks super cool. I don’t want to support bezos, but a small affordable electric truck is what I personally want.
I just want something to run to the store with that doesn’t burn gas.
Does that need to be a truck though? I guess in your situation it does but I can’t imagine living so far off road that I need a truck to run to the store.
I do like the concept of Bezos truck (having always felt EV design should have gone in the direction of small efficient low range cars) but feel it won’t carry anything that a small estate couldn’t.
anywhere thats not the us, us made 100% tariffs on it.
I doubt Tesla can survive in US alone.
They need global sales.
And market is such where Chinese electric cars are much cheaper anywhere where they sell them. Tesla is going to Iose global sales for sureyea, tesla isnt surviving, which is why musk already moved onto to his new tow, AI.
This won’t change even when he leaves the company. He and his companies are inextricably linked. He is the companies.
Liquidate Musk
Did u Americans even know there are BYD dealerships all over EU?
Tesla can’t compete on price and that’s the only metric that matters in capitalism.
We aren’t under capitalism anymore. We are transitioning.
At one point the merchants made more money than kings and that’s why we are under capitalism.
Now tech has made all of the money, and holds most of it, and so we transition again.
They don’t care about the old rules, that’s why they are breaking them.
Musk doesn’t need Tesla. He already has everything he needs to be a borderless king. So he is.
It’s you and I that need to care about money, but the oligarchs have transitioned from it already and no longer need to care.
Good.
