Sharp Decline in Value
In 2024, a Tesla Cybertruck Foundation Series was sold at the Cars&Bids auction for $70,000, with only 5,200 miles on it. While this price seems attractive for the buyer, it represents a significant loss for the seller. The same vehicle was sold at the same auction last year for $146,500 when its mileage was only 600 miles. Thus, in less than 18 months, the value of the electric car more than halved.
It is unknown whether the first owner paid the standard price or an additional markup of $50,000, as some commentators suggested, but the model’s recommended price was $101,995.
Foundation Series Features
The Foundation Series was the launch version of the Tesla Cybertruck, a limited series whose production began in late 2023. It was equipped with luxury features, unique emblems, and trim details such as sill inserts. The first examples were offered only to early owners who had made a pre-order and were considered collectible. However, the situation has changed, and the new owner of this all-wheel-drive pickup with 600 horsepower got one of the most profitable deals in electric vehicle history.
Decline in Market Prices
The sale price of $70,000 is lower than the base recommended price of a new all-wheel-drive Cybertruck, which is $79,990. This demonstrates how much the value of these vehicles has fallen after the initial hype around the electric pickup. The price drop is not an exception – the value of used Cybertrucks continues to decline throughout 2025.
Reasons for Decreased Hype
There are several reasons for such a sharp price drop. Early buyers paid inflated amounts, counting on exclusivity and hype, but interest quickly faded as more units appeared on the roads and social media filled with real reviews. The initial scarcity, which caused six-figure prices at auctions, disappeared due to increased production and deliveries. Furthermore, the situation was influenced by changes in the used electric vehicle market and growing competition from manufacturers such as Ford, Rivian, and General Motors.
Impact of Modifications on Value
Even the limited Foundation Series could not stop the depreciation, nor could the modifications added by the seller during ownership. Among them are an expensive black wrap, painted black lower body elements, and T Sportline CTM Monoblock forged 24-inch wheels, which cost $10,000 according to the invoice.
Prospects for Buyers
Despite the futuristic design and impressive specifications, the market for Elon Musk’s electric pickup behaves the same as most others: initial enthusiasm is replaced by a sharp price correction. For those who still dream of owning a Cybertruck, now might be the best time to buy. Although this car still attracts attention, its once brilliant resale value has significantly decreased, opening up opportunities for profitable deals.
The drop in Tesla Cybertruck prices may be related not only to increased supply but also to general trends in the electric vehicle market. Many early electric car models quickly lose value due to technological updates, increased competition, and changes in consumer preferences. Moreover, social media and online platforms amplify the impact of real reviews, which can accelerate the correction of market expectations. For potential buyers, this could be a good opportunity to get a technologically advanced car at a significantly lower price, but it is important to consider that depreciation trends may continue.