34 percent 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 in particular, as its perceived value has started to plunge.
In the first quarter of 2025, Tesla saw the biggest sales decline in its history. A January report showed that its year-over-year sales fell by half in Europe overall and by 70% in Germany despite rising sales of other EV brands. In February, sales dropped by 49% in China as the company reported its lowest numbers since 2022. Last month, Chinese EV automaker BYD outsold Tesla in Europe for the first time.
Good thing I plan on driving mine until I die. There’s no point in trading in/upgrading with that low of an offer.
I would be surprised if an incel camino lasts 3-4 years of regular driving.
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But yet the stock is still above 300. The valuation of this company and the stock price do not correlate.
Its an investor cult. Like Bitcoin. The valuation and the real world tangible value are completely disconnected.
Tesla is the original meme stock.
The stock price has always been a load of crap.
The stock market is legalized gambling on vibes.
Stocks isn’t necessarily done on vibes. You’d be surprised that there is a pattern to the stock market that you can take advantage of to make money. Unlike gambling where there isn’t really much of a chance of winning if you do the math (because a lot of gambling are rigged), with stocks you can make a calculated risk but with surer chance of earning big if you do the proper research on what you’re investing in and the stock market itself. Sure there is insider trading, but most stocks typically go back up again if the fundamentals of the instrument are sound. I mean, how many ordinary people earn six figures or become millionaires from playing casinos in comparison to those who invested in the stock market?
Thoughts and prayers to the wealthy attention-whore douchebags that were affected.
Maybe they can make their money back from YouTube videos tipping CyberTruck over cliffs etc
This won’t change even when he leaves the company. He and his companies are inextricably linked. He is the companies.
Liquidate Musk
I don’t really want one, but I’m tempted to go down and haggle.
“Really, given how unpopular they are and the unsold inventory, you should pay me to take one. It’s costing you money every day it sits here… Stop the bleeding…”
Given the build quality I think it would be a repair bill albatross
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Just passed a Tesla lot today and it was packed full of these trucks, and cars. All were covered in dust.
I read that as rust. thinking that must be some low quality stainless on those trucks.
When byd puts out a truck it’s fucking joever
The new slate truck looks super cool. I don’t want to support bezos, but a small affordable electric truck is what I personally want.
I just want something to run to the store with that doesn’t burn gas.
It is a good deal now but I am afraid people will throw stone at me.
Give all the issue they have, both safety and build quality, it’s still a bad deal. Driving a death trap that can be defeated by a large puddle isn’t worth getting for free.
People will shit talk them yet no one can face the fact a model 3 from 2018 is still ahead in features and is still one of the safest cars on the planet…
That’s the fucked up part, Internet will bend the reality to fit its ideology. To me, there’s nothing more offputting. My model 3 from 2021 is doing 4.3 miles per KW at 82k miles doing nothing but 70 mph on dual carriage way
This is from today. You go drive a Ford, you’re not getting these figures RIGHT NOW in brand new dsmo car. No one does phone app the way Tesla does. At most you can use NFC to open it, but the wireless entry? Yeah, it’s not even up for debate. And we’re not talking about the wireless key that can be “hacked” by a wire and car stolen… Or should we talk how charging costs £0.24 on tesla super chargers vs £0.79 for everyone else literally on the other side of the car park? No? Those things are irrelevant now? BUT THE CYBERTRUCK THO!!
As you can see, I’m triggered by stupidity. I simply cannot find a sane place online. But in person? People are still asking me about it. I had 2 bad comments in the time I had it. One from some kid wanna be petrol head how all EVs are shit, unprovoked, I don’t even know him or even looked at him and another jealous twat, I’m sure it wasn’t because of the car but aimed at me…
That’s it. That is the real world out there. Lemmy, reddit, bluesky etc are just echo chambers.
The company only recently began accepting Cybertruck trade-ins, and a user on a Cybertruck owners forum reported receiving a $65,400 estimate on a 2024 all-wheel drive model with 6,211 miles, a roughly 34 percent depreciation rate in just one year.
The current new price of a Cybertruck is $60,990, so thats actually negative depreciation…
The AWD model costs 30k more.
thats actually negative depreciation…
What? That doesn’t make the least bit of sense for a car that doesn’t sell and nobody wants. With production closed down due to massive stock.
The 34% depreciation is because it’s a more expensive model that cost nearly $100k when he bought it.The 60K is for the RWD and IDK maybe Tesla reduced prices to increase sales?
But AWD is obviously more expensive, especially if it’s the tri motor version.
