Tesla Admits Its Cybertrucks Lose Their Value Insanely Fast

The struggles never seem to end for Tesla. Elon Musk's embattled electric vehicle empire is floundering on its long-anticipated robotaxi launch as sales plummet to record lows and Tesla bulls dump their stocks. Tesla's Cybertruck — the garish luxury all-electric truck — is no exception to the carnage. With a reputation for breaking down constantly and drawing the ridicule of just about every other driver on the road, the stainless steel tanks aren't exactly a popular choice for car buyers. Earlier this month, news emerged that Tesla was sitting on over 10,000 unsold Cybertrucks, an estimated $800 million worth of inventory. Now, Tesla has decided to start taking Cybertruck trade-ins after over a year of deliveries, and disgruntled customers are already revealing what Tesla is willing to pay for a used rig. Though an AWD foundation series Cybertruck will set you back $100,000, Tesla's only willing to pay $65,400 to take it off your hands — and that's presumably if it has 6,000 mile ... Read full article.