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.
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.