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If You Try to Sell Your Cybertruck, You Are Going to Get a Terrible Surprise
Folks who shelled out to buy Elon Musk's ugliest electric car are in for an upset should they try to sell or trade those Cybertrucks. As flagged by Gizmodo, the CarGurus vehicle marketplace and analytics firm has found over the last year, the value of a used Cybertruck has plummeted more than 30 percent to an average of roughly $84,000. With recent price cuts putting the Long Range Cybertruck, Tesla's entry-level version of its matte steel monstrosity, at just under $70,000, you'd be better off
Add that to how shoddily made these electric geometric behemoths have proven to be since their late 2023 launch, and any Cybertruck drivers with buyer's remorse find themselves in a cruel bind: hang onto their lemon as it devalues further, or lose a bundle trying to unload it. Indeed, in an "as-told-to" editorial from April of this year, luxury car dealer George Saliba told Business Insider that he had been shocked to watch the resale value of Cybertrucks plummet so significantly in the 16 months since it had been released. Whereas "athletes, famous people," and general status-seekers used to be the ones buying the Tesla trucks from his New Jersey dealership, Saliba said that as of this past spring, it felt like he could not "sell a Cybertruck to save my life."
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