1d ago

Tesla Cybertruck sales collapse, company accepts trade-ins with extreme depreciation

www.techspot.com

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.

83 comments

But yet the stock is still above 300. The valuation of this company and the stock price do not correlate.
- 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 stock market is legalized gambling on vibes.
- Its an investor cult. Like Bitcoin. The valuation and the real world tangible value are completely disconnected.
  
  Tesla is the original meme stock.

Musk's political activities have soured public opinion on the company and contributed to declining global sales.
That's not a political opinion. He did a Nazi salute on live tv

This won’t change even when he leaves the company. He and his companies are inextricably linked. He is the companies.
Liquidate Musk

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.

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.

It is a good deal now but I am afraid people will throw stone at me.
- 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.
- 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.
  
  Safest car in the world that can't even avoid a fucking Looney Tunes wall. Sure.
  
  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.

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

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.
- as they should be.
- 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 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..."
- 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.
- “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?"
- Someone else made the comment to waste their time with test drivings which sounded pretty funny.

The media is no longer interested in putting a positive spin on Tesla, or any other Skum business. Every earnings call is going to be worse than the last one, which will just accelerate the decline. The damage to the brand image is irreparable, and directly attributable to Skum's irresponsible ego bender, and a brutal shareholder lawsuit is inevitable.
Tesla will be bankrupt in less than 2 years.
- I see the same but cannot for the life of me understand how the stock isn't shitting the bed. The whole US market is irrational at this stage but Tesla is just ridiculous
  
  I think his wild promise around the self driving taxi is protecting the value some. It'll never get off the ground though, and I think once that reality hits the stock will tumble again.
  
  A lot of people still believe Musk is some sort of tech genius, and he will revolutionize AI and robotics with Tesla.
  But Tesla isn't even among the leaders in anything anymore, either Electric cars, or self driving, or AI/robotics.
  Tesla boasted the most profitable car production a few years back, and people think he is also some sort of production of scale genius. But today Tesla is selling every car at a deficit!
  Their profits comes mostly from selling CO2 tax credits and then some from financial gains. The main business is losing money already, and that will probably get worse as the competition out-competes Tesla heavily in China and EU, and only USA remains as a niche market for Tesla behind a protective wall of import tariffs.
  
  It's already down 45% from its high, and it's never going back. That high was all a delusion, based on nothing but faith in Skum, and now that we know him, people don't have that same faith.
  The stock is being supported at this level by institutional investors. Every big fund holds a large chunk of Tesla stock, but that will start to change. With each successive disastrous earnings call, the stock will shed more and more investors, and at some point, the big institutional investors will start to dump it, too, and then it will properly crash.
  
  maybe they think that agent orange will bail it out and they’ll get free money?

Good thing I plan on driving mine until I die. There’s no point in trading in/upgrading with that low of an offer.
https://www.cybertruckownersclub.com/forum/threads/cybertruck-trade-ins-are-now-live.42355/#post-30580142
I would be surprised if an incel camino lasts 3-4 years of regular driving.
- There's a good chance it'll kill the owner sooner rather than later, so it's an accurate statement.
- 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.
- Why is this the first time I'm hearing it called the "incel camino"? That's great.
  Edit: Left out a word 🤦‍♂️
  
  It has a bunch of other nicknames - CyberAztek and ClusterTruck are the only others I can recall
  
  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.

Elon Musk is a Nazi
- I've got a song for that!

Hilarious and deserved. They should have built something useful instead of overhyping a truck that can’t do truck things and gets bricked by rain or broken latches.
- What sucks - I fund this abomination because as a US citizen I cannot buy cheap byd because they keep them out to prop up Tesla shit
  
  Wdym?
  I know they’re not cheap but there are way better options now: Hyundai, Volvo, Rivian, etc are making EVs. Hybrids (especially plugin) are available from some of the most reliable companies, ie Toyota.

This story combines like 3 headlines worth of bad news into one shit sandwich, and man the whole deal tastes like Schadenfreude feels XD

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....
- 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.
- The AWD model costs 30k more.

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.
  
  The Zune was also brown. It's like they wanted it to fail.
  
  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…

Good.

When byd puts out a truck it's fucking joever
- 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 sure
- 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.

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