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.
The current new price of a Cybertruck is $60,990, so thats actually negative depreciation…
The AWD model costs 30k more.
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.