Used Cybertruck prices plunging to 'insane' levels, report says


At one point, Tesla boasted having over one million reservations for the electric pick-up truck, but only about 40,000 people ended up converting their reservations into orders, said the report. — Bloomberg

SAN JOSE: Tesla's much-hyped Cybertruck is turning into a financial disaster for owners as prices drop sharply for second-hand examples on the US used car market, US electric transport website Electrek reports.

After a year of refusing trade-ins, the EV giant has begun offering deals on used Cybertrucks, but owners are aghast then they hear how little money is on the table.

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