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.
Did u Americans even know there are BYD dealerships all over EU?
Tesla can’t compete on price and that’s the only metric that matters in capitalism.
We aren’t under capitalism anymore. We are transitioning.
At one point the merchants made more money than kings and that’s why we are under capitalism.
Now tech has made all of the money, and holds most of it, and so we transition again.
They don’t care about the old rules, that’s why they are breaking them.
Musk doesn’t need Tesla. He already has everything he needs to be a borderless king. So he is.
It’s you and I that need to care about money, but the oligarchs have transitioned from it already and no longer need to care.
Elon Musk is a Nazi
The zune of cars.
I loved my zune, still have it
The Zune was actually a great piece of hardware that was marketed poorly.
The Swastikkkar is a shit vehicle marketed poorly.
Every good thing MS has they suck at marketing. The Zune was a hardware mp3 player, a music app, and a music store/subscription. I don’t see why anybody couldn’t figure out what it was…
The Zune was also brown. It’s like they wanted it to fail.
I like brown
Mine was black
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.
Does that need to be a truck though? I guess in your situation it does but I can’t imagine living so far off road that I need a truck to run to the store.
I do like the concept of Bezos truck (having always felt EV design should have gone in the direction of small efficient low range cars) but feel it won’t carry anything that a small estate couldn’t.
anywhere thats not the us, us made 100% tariffs on it.
I doubt Tesla can survive in US alone.
They need global sales.
And market is such where Chinese electric cars are much cheaper anywhere where they sell them. Tesla is going to Iose global sales for sureyea, tesla isnt surviving, which is why musk already moved onto to his new tow, AI.
I know new cars depreciate fairly quickly across the board. Does anyone know what the average is?
The industry average is roughly 20% in the first year. And then 5% to 15% every year after. Heavily depends on the brand, model and market conditions. Cult cars like the Tacoma, Wrangler, WRX, and MX5, hold their value well. Whereas high selling, popular cars like the 2013 - 2017 Ford Escape tanked hard. I remember reading an article about that one and it was only worth a couple grand after 5 years.
Escapes are pretty bad cars. My ex had one with just over 100k miles, engine cracked and started leaking coolant into one of the cylinders. Totaled the car with no accident.
I got a 2024 escape as a loaner vehicle and drove it around for over a week. It’s literally the worst vehicle I’ve ever driven with respect to driving feel. It felt like I was driving a schoolbus. It had such poor acceleration and handling; sticker price was like 70K, and I wouldn’t even pay 20K for one. Also, it was like 60$ to fill the tank. Like why lol.
I had a 2006 escape with a v6 that felt amazing to drive. That thing accelerated like a beast. Anytime someone with a flashy sports car would pull up beside me at a red light and be revving their engine id floor it as soon as the light changed and leap ahead of them, until i hit 60 and then id level off and let them pull ahead. Such a satisfying feeling watching these wxpensive new cars drop behind though. Of course thats probably all due to their drivers, i dont acrual have any illusions that it was the faster car in most cases, but it did have very unexpected power and a nice amount of cargo space. I really miss that car. Shame they seem to have gone downhill.
Hilarious and deserved. They should have built something useful instead of overhyping a truck that can’t do truck things and gets bricked by rain or broken latches.
What sucks - I fund this abomination because as a US citizen I cannot buy cheap byd because they keep them out to prop up Tesla shit
Wdym?
I know they’re not cheap but there are way better options now: Hyundai, Volvo, Rivian, etc are making EVs. Hybrids (especially plugin) are available from some of the most reliable companies, ie Toyota.
The media is no longer interested in putting a positive spin on Tesla, or any other Skum business. Every earnings call is going to be worse than the last one, which will just accelerate the decline. The damage to the brand image is irreparable, and directly attributable to Skum’s irresponsible ego bender, and a brutal shareholder lawsuit is inevitable.
Tesla will be bankrupt in less than 2 years.
I see the same but cannot for the life of me understand how the stock isn’t shitting the bed. The whole US market is irrational at this stage but Tesla is just ridiculous
I think his wild promise around the self driving taxi is protecting the value some. It’ll never get off the ground though, and I think once that reality hits the stock will tumble again.
A lot of people still believe Musk is some sort of tech genius, and he will revolutionize AI and robotics with Tesla.
But Tesla isn’t even among the leaders in anything anymore, either Electric cars, or self driving, or AI/robotics.
Tesla boasted the most profitable car production a few years back, and people think he is also some sort of production of scale genius. But today Tesla is selling every car at a deficit!
Their profits comes mostly from selling CO2 tax credits and then some from financial gains. The main business is losing money already, and that will probably get worse as the competition out-competes Tesla heavily in China and EU, and only USA remains as a niche market for Tesla behind a protective wall of import tariffs.lol no.
It’s a meme stock.
He can keep Tesla stock high by doing something extreme. He just needs to keep being more extreme than the last time. Buckle up buckeroo.
Maybe I’m naive, but I generally like to think that at some point people wise up. But Trump has proven me wrong way more clearly than I’d like to admit.
So maybe you are right?
I really think people are banking on him buying a public contract to make the government use teslas.
That won’t cut it. This could work for SpaceX but not Tesla.
There’s already a $400 million deal to buy armored Cyber trucks.
maybe they think that agent orange will bail it out and they’ll get free money?
It’s already down 45% from its high, and it’s never going back. That high was all a delusion, based on nothing but faith in Skum, and now that we know him, people don’t have that same faith.
The stock is being supported at this level by institutional investors. Every big fund holds a large chunk of Tesla stock, but that will start to change. With each successive disastrous earnings call, the stock will shed more and more investors, and at some point, the big institutional investors will start to dump it, too, and then it will properly crash.
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.
Can Ford hand over their Edsal trophy now for the worst American vehicle made? At least the Edsal was ahead of its time and looked like an actual car. Apparently still worth around $25k too! $65k if you find one with all the bonus features…
Not the collapse I’m hoping for, guess I gotta wait a little longer for that one.
This story combines like 3 headlines worth of bad news into one shit sandwich, and man the whole deal tastes like Schadenfreude feels XD
Just passed a Tesla lot today and it was packed full of these trucks, and cars. All were covered in dust.
That’s just how they look clean. That metal doesn’t last. It also gets wobbly. Warpy? Like… it’s not that super flat metal anymore.
They look awful. Good.
Someone in my town owns a cybertruck. The metal started getting badly discolored so they painted it black. It doesn’t look any better in black.
Yeah I see painted ones too. That’s like painting a DeLorean though—tacky.
I saw one that had been painted a matte black, and I gotta admit, it actually looked pretty cool. Still a wildly impractical, deathtrap of a car, but it did look like a cool vehicle you’d see in a sci-fi movie.
as they should be.
I read that as rust. thinking that must be some low quality stainless on those trucks.
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…”
“There’s a price I’m willing to pay to be seen as a Nazi supporter, but we aren’t low enough yet”
“You laugh, but $20 is $20, right?”
Given the build quality I think it would be a repair bill albatross
Buy a baker’s dozen, and switch to an unused Cybertruck whenever the current one wears out. The whole set should last you for several years.
Someone else made the comment to waste their time with test drivings which sounded pretty funny.
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.
after spending 100k+ on it, its a copium for them.
I’m happy they bought it because they thought it would make them feel cool and get noticed, and now they know everyone who sees them driving it thinks they’re an idiot… at best. Best possible outcome for both musk and the cybertruck crowd.
Infamy or Fame
Noticed them though right :Dthey cant think that abstractly.
i noticed 2 types of people drive it, 1 musk , trump supporters, the other buying it because some had a new apple phone type of people, then they want it, so impulsive buying.
There’s a good chance it’ll kill the owner sooner rather than later, so it’s an accurate statement.
