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Tesla Cybertruck sales collapse, company accepts trade-ins with extreme depreciation | 34% 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...
Recap: Although the Cybertruck began missing CEO Elon Musk's stated goals as soon as it launched in late 2023, the odd-looking electric pickup truck sold well out of the gate. CEO Elon Musk's close association with US President Donald Trump and his actions as the head of the so-called Department of Government Efficiency are likely the primary cause. Tesla vehicles have been boycotted and vandalized in recent months, and drivers have begun displaying bumper stickers professing their disapproval of Musk to avoid being targeted.
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