Tesla has begun accepting Cybertrucks for trade-in, marking a significant policy change as owners look to upgrade. However, the news comes with a downside; recent reports show that a 2024 Cybertruck has experienced a depreciation rate of 34.6%, losing value at a rate typically seen over several years for pickups. This trend reflects broader depreciation issues within the electric vehicle market, driven in part by advancements in battery technology. Cybertruck owners may find themselves at a disadvantage, despite this new trade-in option.
Tesla's decision to accept Cybertrucks for trade-in marks a significant shift; however, the depreciation rates pose challenges that were typically only seen after several years.
While you can now trade in your Cybertruck, the steep depreciation of 34.6% in just a year highlights the current volatility of the EV market.
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