Tesla opened Cybertruck trade-ins, and the numbers aren’t pretty

In BriefPer Inside EVs, Cybertruck owners are now allowed by Tesla to trade in their cars for the first time since they hit the market – but they’ll incur a heavy hit in the process. Meanwhile, Business Insider talked this past week with two owners who shared firsthand what value Tesla has assigned their Cybertruck. Tesla initially banned owners from reselling the vehicle – a policy typically used to prevent scalping of high-demand vehicles and to maintain brand control. Worth noting: trade-in figures are typically lower than private-party sales, and EVs as a category depreciate fast. According to Wired, some brands can lose up to 50% in year one.