Tesla Cybertruck Inventory Surges Amid Sluggish Sales
The Tesla Cybertruck is facing a tough road in the U.S. market as inventory builds up, now valued at approximately $200 million.
Despite ramping up production more than a year after its launch, the electric pickup is proving difficult to move off dealership lots.
Tesla is currently holding nearly 2,400 Cybertruck units in new inventory, indicating a steep challenge in consumer demand.
Challenges Beyond Initial Production Hurdles
While Tesla initially attributed low Cybertruck deliveries to limited production, high costs of the Foundation Series, and ineligibility for the $7,500 EV tax credit, these factors no longer explain the current struggle.
In 2024, the Tesla Cybertruck is more widely available, yet sales remain stagnant—forcing Tesla to scale back production to prevent excessive buildup.
Quality Control Issues Add More Friction
In March, Tesla was forced to place a containment hold on the
Tesla Cybertruck due to a recall related to trim pieces detaching from the vehicle.
The issue has since been addressed at the production level as
of March 21st, but units already delivered still require corrective action.
These quality concerns have further slowed momentum and contributed to growing inventory.
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Tesla Cybertruck Not Accepted as Trade-In by Tesla
Another sign of the Tesla Cybertruck’s weak resale value is Tesla’s decision to decline the vehicle as a trade-in option. Some owners attempting to exchange their Cybertruck for a different Tesla model have reportedly been turned away.
Others seeking to return their trucks due to service issues are being redirected to go through the Lemon Law process,
highlighting Tesla’s hesitance to reacquire the vehicle.
Used Tesla Cybertruck Prices Continue to Plummet
The resale market for the Truc is also faltering.
Prices have dropped a staggering 55% year-over-year,
with a 13% dip over the last quarter and a 6% drop in the past month alone.
Used car dealers are showing reluctance to purchase Cybertrucks, often offering well below market value as they wait for pricing to stabilize.
What’s Next for the Tesla Cybertruck Program?
With inventory piling up and production slowing, speculation is mounting about Tesla’s next move.
Industry observers anticipate Tesla may introduce price cuts soon—potentially starting with discounts on remaining Foundation Series models before launching the more affordable RWD variant.
That shift could further impact used Cybertruck values.
While some may have written off the Tesla Cybertruck, a mid-cycle refresh in the coming year could breathe new life into the program if Tesla addresses current shortcomings.