TechCrunch Daily Crunch Tesla opened Cybertruck trade-ins, and the numbers aren’t pretty
May 27, 2025
Tesla's new trade-in program for Cybertrucks reveals a staggering depreciation, with values plummeting by up to 45%. The segment delves into the implications of these dramatic declines on resale values. Meanwhile, four former VW executives face consequences from a scandal that reshaped Europe's auto market, highlighting the ongoing shift towards electric vehicles. This discussion underscores the evolving landscape of automotive sales, where electric vehicles are gaining traction amid a backdrop of legal battles.
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Volkswagen Diesel Scandal Impact
- Volkswagen's diesel engine scandal involved software to cheat emissions tests by detecting inspection periods.
- This scandal forced Europe's major shift from diesel to electric vehicles, now 25% of new sales.
Cybertruck Owners Experience Heavy Depreciation
- A Cybertruck owner bought a $100,000 model and got a $63,100 trade-in quote after 19,623 miles.
- Another lost 38% in value within eight months after buying a $127,000 Cybertruck.
Tesla's Cybertruck Resale Restriction
- Tesla restricted Cybertruck resales initially to prevent scalping and maintain brand control.
- This restriction may have delayed trade-ins from owners frustrated with quality issues and high-profile controversies.