Tesla, a struggling automaker, has about 2,400 unsold Cybertrucks, which are valued at about $200 million. The shaped-like-wedges metallic full-electric collection, which was introduced in 2024 with much excitement, has fallen far short of the company’s high standards. The EV manufacturer has only sold 46,000 Cybertrucks to date, according to a recent recall notice for all vehicles on the road, despite promises that nearly 1 million preorder reservations were placed.

Dealerships Back Away as Inventory Sits Idle

Multiple sources claim that, given that Tesla dealers are unable to sell brand-new Cybertrucks that are sitting across their lots collecting dust and accruing loan interest, they have ceased buying or trading in previous Cybertrucks. Dealers on other brands are reportedly just as hesitant about swapping them, and when they do, they make lowball prices to reduce potential future financial risk. According to reports, some owners are trying to use the Lemon Law to compel Tesla to repurchase the troubled trucks. Meanwhile, Tesla confronts serious quality control issues due to the recall of Cybertruck over detaching panels.

Falling Prices and Buyer Uncertainty

The Economic Times reports that only in the past three months had cybertruck prices for transactions dropped by 13% and by 55% over the previous year. According to Carfax listings, dealerships in the Chicago market are still mostly selling used cars in the $80,000–$90,000 range, with base models starting at about $76,000 and scarcely driven Cyberbeast versions costing $140,000. It goes without saying that out-of-doors negotiated rates will probably be far less.

A few models still qualify for the one-time $7,500 government tax credit, including the base Cybertruck, which now has a base price of $72,490 for an all-season vehicle due to pricing reductions along the way. Despite receiving a $2,000 non-refundable charge to secure the extension, Tesla silently withdrew the option over the weekend, signaling that it decided to give up on releasing the device to market, as reported by Electrek.