Tesla is reportedly refusing Cybertruck trade-ins as inventory. Meanwhile almost $200 million worth of Cybertruck inventory is piling up.
According to Electrek, Cybertruck owners that have tried to trade in their vehicles were told that “Tesla currently doesn’t accept its own vehicle as a trade-in.” Additionally, Tesla is reportedly telling drivers that have owned Cybertrucks for a while to go through the Lemon Law process, which protects owners who have bought an irreparably defective car, but only within a short window after purchasing a car (the window varies by state).
Compounding the issue, Tesla has almost 2,400 Cybertrucks sitting in inventory, which amounts to about $192 million, based on the Cybertruck’s roughly $80,000 starting retail price, according to TeslaInfo data.
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Cybertrucks have faced multiple recalls since launch. In March, Tesla recalled nearly every Cybertruck ever made because the cant rail (a steel piece above the doors was falling off. That’s the eighth Cybertruck recall to date. There’s also the issue of Tesla’s CEO Elon Musk creating a bit of a PR issue for Teslas and Cybertrucks. Musk’s actions as head of DOGE in the Trump administration has prompted Tesla boycotts and Cybertruck vandalism.
Around the time Tesla announced the Cybertruck recall, inventory shot up and has remained consistently higher than other Tesla models, according to TeslaInfo.
