A new report might prevent you from buying a Tesla Cybertruck. The American automaker now allows drivers to trade in the top-end Cybertruck Foundation series, and a report on Electrek shows that a US$100,000 (roughly C$139,000) can be sold back to Tesla after one year for US$64,500 (roughly C$89,100).
This is a 34 per cent drop for a new truck with only 9,600km on the odometer. Looking outside of Tesla’s first-party trade-in program, users are seeing even larger drops in value.
Tesla is also still sitting on Foundation series trucks, meaning that it didn’t even sell out of its launch SKU, which was supposed to be a limited-time offer.
While I hate to say this, I believe that the low sales volume and the unique look of the truck might help it resell for a lot more in ten to twenty years. Like the DeLorean, it’s super bespoke regardless of its price or performance, and I don’t expect there to be many more of them.
However, you will need to keep the truck safe and in decent condition for a long time, and even then, making money back on the ludicrously expensive Foundation series will be tough. Keeping it in good shape might also be hard since we’ve seen numerous reports about the shoddy workmanship and design of the truck.
Browsing through Canadian resale sites like Kijiji, I still see lots of Cybertrucks posted for over C$120,000; however, it seems like dealerships are reselling the most, not independent owners.
Via: Electrek
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