Cybertruck Values Have Cratered And Are Still Dropping
When the Tesla Cybertruck first launched , its earliest Foundation Series models cost $120,000 . This didn’t stop Tesla loyalists from spending up to nearly double that to get their hands on one, and resale values have shown the folly of that approach: Cybertruck values are dropping far and dropping fast.
Cars And Bids has hosted 24 Cybertrucks since the model’s launch, and the first few auctions drew big numbers: A $158,000 high bid that didn’t meet reserve, another at $145,000 , the first truck to actually sell at $146,500. Later auctions, though, have fallen from those heights. Auctions that end in the six-figure range seem to be the exception rather than the rule.
Bring A Trailer has hosted fewer Cybertrucks, but the site’s results graph is damning. It shows a neat downward line for truck values — a line so neat, in fact, that it can be graphed alongside the Cars And Bids values:
The trendline isn’t perfect, with an R-squared of only 0.608, but there’s a very clear downward trend — and a steep one at that. Splitting the sales from the high bids that didn’t meet reserve shows us a bit of extra info: Despite the lowered prices on auctions, more of those auctions are selling. When setting reserve prices, Cybertruck owners are expecting less and less value for their vehicles.
