Tesla Cybertruck Markups Drop Amid Cooling Hype

In a world where trends come and go faster than you can say “Cybertruck,” the once sky-high markups on the Tesla Cybertruck are starting to plummet. The frenzy that once surrounded this electric beast, attracting speculators looking to make a quick buck, seems to be fading into the sunset.

What?

In the heyday of Cybertruck hype, early adopters could snag one, flaunt it for a bit, then sell it for a juicy 100% to 200% markup. Tesla attempted to rein in these flippers by imposing strict resale restrictions, but many were undeterred, continuing to list their Cybertrucks at eye-watering prices.

Why Does It Matter?

Fast forward to today, and the resale market for Cybertrucks is cooling off. With increased production and a flood of used models hitting the market, prices are taking a nosedive. Vehicles once listed at nearly $200,000 are now being slashed by up to $30,000 in a rush to offload them. The average price for a used Cybertruck with minimal miles is now hovering around $130,000 to $140,000, a far cry from the inflated figures of months past.

How Is It Going to Shape the Future?

The saga of the Cybertruck mirrors a pattern seen in the electric truck market before. As initial hype wanes and more units hit the streets, prices normalize. Similar ebbs and flows were observed with the Rivian R1T, Ford F-150 Lightning, and Hummer EV, all of which saw their own rollercoaster of pricing before settling down in subsequent model years.

So, what’s next for the Cybertruck? As production ramps up and the novelty factor wears off, expect prices to continue their downward trajectory. Soon enough, you might just snag a used Cybertruck below MSRP and finally put an end to the madness of overinflated markups.

As the dust settles on the Cybertruck craze, it’s a reminder that in the world of hot-ticket items, what goes up must come down. And in the case of the Cybertruck, it looks like the price tags are finally coming back to Earth.

Source: https://insideevs.com/news/719965/tesla-cybertruck-used-resale-profit/