A Cybertruck owner shares his frustration following multiple failed attempts to sell his truck. After losing more than $20,000 in 2,800 miles, the owner says, “I want to cut my losses and move on, but I can't give this thing away.”
As the article mentions though, there are other factors adding to that, such as government incentives and better features on the newer editions that already cost less. Who’s going to buy a worse, used version of a product for more money than the better, brand new model costs?
Besides, the guy hasn’t lost any money. He bought a truck and he still has it. He could drive it, but he chooses not to.
All cars loose value when you drive them off the lot. Typically ~10% immediately, then it goes to 20% in the first year according to https://www.ramseysolutions.com/saving/car-depreciation
to loose 30% so quickly… yeah, that’s pretty bleak.
As the article mentions though, there are other factors adding to that, such as government incentives and better features on the newer editions that already cost less. Who’s going to buy a worse, used version of a product for more money than the better, brand new model costs?
Besides, the guy hasn’t lost any money. He bought a truck and he still has it. He could drive it, but he chooses not to.