Tesla Is Accepting Trade-Ins For 2024 Cybertruck Amid Plummeting Sales: Report
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Tesla is now accepting trade-ins for the Cybertruck, offering $65,400 for the All-wheel-drive 2024 model, reflecting a 34% decline in value within a year. This depreciation is significantly higher than the typical 20% for pickup trucks. The company faces challenges in selling over 10,000 unsold Cybertruck units, despite introducing a cheaper trim. Tesla is adjusting its marketing strategy to appeal to traditional pickup buyers. TSLA stock shows strong momentum and quality but lacks value metrics.
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