A Tesla Cybertruck owner who spent $116,000 on his Cybertruck says he is struggling to find buyers at $98,000. Pedro is trying to quickly offload his Cybertruck as he believes it will not fetch him $60,000 in a few months.

Cybertruck prices are starting to come down from their peak at the beginning of the year. A few months ago, a Tesla Cybertruck on the secondary market was going for as high as $200,000. However, the prices have significantly dropped since then.

Just a few days ago, we were surprised to report on the first Tesla Cybertruck to sell for a loss. This means the owner sold his Cybertruck for less than what he paid for the truck plus taxes.

This event marks a significant shift in the Cybertruck secondary market, with the downward trend showing no signs of abating. Prices have now dipped below not only the vehicle’s original cost plus taxes but even below the Manufacturer’s Suggested Retail Price (MSRP).

A Tesla Cybertruck owner reports that spooked by the falling Cybertruck prices, he decided to sell his vehicle. However, it appears he is struggling to offload the vehicle, even at an $18,000 loss.

Pedro Hans is a Tesla Cybertruck AWD owner. After taxes and fees, Pedro paid $110,000 for his Cybertruck. Following this, Pedro has added modifications to his Cybertruck, including a complete wrap and full window tint that cost approximately $6,000.

However, to Pedro’s surprise, although his Cybertruck cost him around $116,000, he is not able to find an interested buyer to take the truck off his hands.

After listing his truck for sale on Facebook Marketplace, Pedro writes, “Well, we’ve already lost $12k. We paid $110k. Going for $98k or lower now 🤦🏻‍♂️Massive depreciation. I’ll be lucky to get $60k in April.”

Pedro listed his Cybertruck on Facebook Marketplace for “$98,000, or the best offer.” However, even though he listed his Cybertruck for $18,000 below the total $116,000 he spent on it, Pedro doesn’t appear to be getting buyers at this price.

For anyone who has closely followed the Cybertruck secondary market, this is shocking and emblematic of a wider trend in the Cybertruck world.

Even for brand new Cybertrucks, although Tesla has amassed over 1 million reservations, the EV maker is struggling to convert reservations to sales.

A few days ago, we reported people who had reserved a Cybertruck only a couple of weeks ago were getting an invite from Tesla to configure their truck.

Even more surprisingly, we saw a person who had reserved 24 Cybertrucks just for fun receiving communication from Tesla telling him that 15 of the Cybertrucks were ready for delivery.

What’s going on with Cybertruck sales?

Since the start of 2023, Tesla has cut vehicle prices by as much as 30% for some variants. This has left many early adopters of the company’s vehicles feeling burned.

People who have seen their Tesla vehicle investment depreciate by tens of thousands in a few weeks are wary that if they buy a Cybertruck now, Tesla will cut prices, and they will lose the residual value of their all-electric truck.

This sentiment is further exacerbated by the fact that Tesla is expected to start selling the non-Foundation Series Cybertruck variants by the end of the year. The regular Cybertruck variants forego some optional features for a $20,000 discount on the all-electric vehicle’s starting price.

What is the silver lining?

The fact that Cybertruck prices are falling as people wait for the non-Foundation Series Cybertruck is certainly not great news for the EV maker’s profits. However, as consumers, this is also a good opportunity.

The falling demand for the Foundation Series Cybertrucks appears to be pressuring Tesla to make the vehicle more affordable.

In response to Tucker Carlson’s 52-minute Cybertruck review comparing the all-electric truck with a Ford F-350, Elon Musk has even recently admitted that Tesla needs to make the Cybertruck more affordable.

This means that consumer pressure will force Tesla to lower Cybertruck prices sooner rather than later, which will translate into a better value for the same product.

Overall, it’s surprising to see Cybertruck prices fall this quickly. However, we’ll be sure to keep an eye on the Cybertruck secondary market and report back on the best deals we see.

Until then, visit our site, torquenews.com/Tesla, regularly for the latest updates.

So, what do you think? Are you surprised to see cyber trucks getting accepted in rural America? Also, can a Cybertruck replace a gas pickup truck? let us know your thoughts in the comments by clicking the red “Add new comment” button below.