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It’s Impossible to Get Rid of a Tesla Cybertruck. I Want to Cut My Losses and Move On, but I Can't Give This Thing Away. I’ve Lost So Much Money Already; Help!

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.”

Sledder is a Cybertruck owner from Southern California and says that he has found it impossible to get rid of his all-electric truck.

The Cybertruck owner adds that he has posted his truck for sale on all car listing sites, but there are no takers.

Sledder also shares that over his lifetime, he has driven and sold over 40 exotic cars, and the Cybertruck is the one vehicle he is having the most trouble finding buyers for.

After multiple failed attempts to sell his vehicle, Sledder joined the Tesla Cybertruck group on Facebook to share his experience with fellow Cybertruck owners.

Sledder wrote…

“how can I sell my Cybertruck? It's impossible.”

Naturally, his post attracted many questions, including from fellow Tesla Cybertruck owners who were curious about the resell value of their vehicles.

The first thing people wanted to know was the specifications of Sledder’s truck, the condition, how much he drove it, and most importantly, how much he was asking to sell it.

In response, Sledder says he bought a Foundation Series dual-motor Cybertruck AWD eight months ago. However, despite being one of the earliest Cybertruck owners, he says he’s only driven the truck 2,800 miles.

In addition, the Cybertruck owner has put a matte black wrap over his truck which cost more than $5,000.

With California's 7.5% vehicle sales tax, Tesla’s $2,500 document and destination fee, and the wrap, Sledder has spent over $115,000 on his truck.

The Cybertruck owner listed his truck for sale for $89,000. He thinks this is a fair price and cheaper than 90% of other Cybertruck listings; however, he hasn’t been able to find a single buyer.

One major issue for Sledder here is that since Tesla started Cybertruck deliveries, the starting price for his vehicle has significantly fallen.

The same dual-motor Cybertruck AWD variant now starts at $80,000. However, starting in 2025, the vehicle qualifies for the $7,500 point of sale tax credit. This further lowers the starting price to $72,500.

Tesla is also now offering a $2,000 discount to anyone who applies a referral code when buying the vehicle. That further lowers the starting price to $70,500.

At this point, you can even add some of the features that come standard with the Foundation Series Cybertruck, such as FSD for $8,000, all-terrain tires for $3,500, Power Share equipment for $2,500, a white interior for $2,000, and other smaller items such as a mobile charger, all-weather liners, an under-seat storage bin, and so on.

Basically, if you added every optional extra that Tesla currently offers for the Cybertruck, given the $7,500 tax credit and the $2000 referral discount, the Cybertruck will still only cost around $86,000.

Mind you, this is a brand-new 2025 Cybertruck, which hopefully has addressed some of the early issues, including the six recall items. 2025 Cybertruck owners say the new vehicle is much smoother and quieter than the 2024 model year.

This means you can buy a brand-new Cybertruck straight from the manufacturer cheaper than Sledder is asking to sell his used truck.

It’s important to note that this excludes the price of the matte black wrap Sledder has put on his truck. Together with the wrap, Sledder’s price is slightly lower than that of a brand-new truck; however, it is only by a few thousand dollars.

Looking at his statements, Sledder also seems to understand that he hasn’t priced his truck aggressively enough to sell.

The remorseful Cybertruck owner, asked why he’s trying to sell the truck, writes…

“I've owned it for 8 months. It is depreciating like a rock. I have already lost over $20k in 8 months. I want to cut my losses and move on, but I can't give this thing away unless I lower the price to probably $79k. Sucks.”

If he sold his Cybertruck for $79,000, his total loss would be $35,000. A $35,000 loss after 2800 miles is definitely concerning; however, looking at the comments, Sledder might need to lower his price even more to get a buyer.

One Cybertruck enthusiast and current owner made him an offer, saying he wouldn’t mind getting a second truck for his kid.

Ryan Brenes writes, “I got $50,000 cash; I will take it off your hands. Best truck ever; what the heck, I will get one for my kid.”

Overall, we wish Sledder the best of luck; however, it’s looking like he will lose tens of thousands of dollars when he ultimately sells his truck. Please let us know if you have any advice for him. Share your ideas by clicking the red “Add new comment” button below. Also, visit our site, torquenews.com/Tesla, regularly for the latest updates.

Image: Screenshot from JD’s Wraps YouTube channel

For more information, check out: A Tesla Cybertruck Owner from Canada Shows his Truck Covered in Rust Spots Only 3 Weeks After Taking Delivery

Tinsae Aregay has been following Tesla and the evolution of the EV space daily for several years. He covers everything about Tesla, from the cars to Elon Musk, the energy business, and autonomy. Follow Tinsae on Twitter at @TinsaeAregay for daily Tesla news.

Comments

Michael (not verified)    January 6, 2025 - 1:27AM

Tesla made it clear right from the beginning that it was planning to mass produce the Cybertruck. And yet people couldn't help but fall prey to the marketing hype and desire to be amongst the first to own one, and paying obviously inflated prices to get one. Sucks to be this guy, looking at such a loss on his truck. But the old saying about a fool and his money is just as true today as it ever was.

Bill Withers (not verified)    January 6, 2025 - 1:50AM

Is this consumer unfamiliar with math? He says he can’t give it away which would be a total loss, when in actuality he’s only trying to stop the bleeding. He’s trying to sell a used one with known issues and a rapidly decreasing demand, resale value etc., and the math clearly shows being able to get a brand new one for $40k less than he paid and as much as $19k less than he’s asking for a used version. Sounds like he needs to go enroll in a Econ 101 class at his local community college or just have ChatGPT explain to him what an absolute idiot he is.

Kelly (not verified)    January 6, 2025 - 4:33AM

Park it in a storage unit.
It may be worth lots some day in the near future.
If something happens with Musk in the White House, things could potentially be worth more.
If you can't get your $ out now, just hang onto it.

Ben (not verified)    January 6, 2025 - 5:15AM

I’m sure these vehicles are a unique experience for a driver, but I really don’t think it’s worth it. I think buyers are paying for novelty and attention without really considering how expensive it is to own. The poor guy in this example will lose, and very badly. Meanwhile, whoever he sells to will be better off in terms of depreciation and overall value. In a few years the used cyber truck market will be red hot vs the market for new vehicles. Of course, one has to consider that it’s getting harder for people to separate management from product. I’m not going into that too deeply but it is off putting for some people. It’s not fair to the buyer, but it’s true.

Elon Musk (not verified)    January 6, 2025 - 7:12AM

Not only has Tesla screwed Cybertruck owners on the resale value, Tesla can't even move the new Cybertrucks at $70K - these things are piling up unsold on overflow lots all over the USA.

ricegf (not verified)    January 6, 2025 - 7:56AM

At $89,000, Mr. Slater most certainly is NOT trying to "give it away"!

An ACCURATE headline would be

Foundation Series Owner Can't Sell Cybertruck For $20,000 MORE than a Brand New 2025 Model

Just like other Foundation Series models, the truck appreciated in value until the next model year's cheaper versions with new features reached mass production.

Mr. Sledder seems very naive for someone who claims they regularly invest in exotic vehicles.

Jonny (not verified)    January 6, 2025 - 5:39PM

In reply to by ricegf (not verified)

If you have $115,000 to spend on the ugliest thing ever to hit the road, then $35,000 shouldn't matter. So Einstein, that's $12.50 per mile, not considering charging. We won't include wear at 2800 miles here. I freely admit I drive a 2017 Sentra, but I also bought it new and now I'm 13 months without a car payment and it looks and drives great. Based on it's purchase price of $18,640 and 70,000 miles, I paid 26 cents per mile and counting, but only on the purchase price. But that's not the math here, it's what we're losing. So mine is in the top 1% condition (I'm a detailer), so let's just say $10,000 (to be easy, but worth more) but I'm adding $1000 for service, so I've lost $9,640. That's 13 cents per mile and I own it. It's not going to depreciate anymore, so it's value grows (not price) as I own it and have no plans to part with it. You will have lost the value 2 of my cars completely to $0 by the time you sell that atrocity.

none not needed (not verified)    January 6, 2025 - 6:46PM

In reply to by ricegf (not verified)

Leave it parked on a street with the doors unlocked, windows down and the key in the ignition, maybe if your lucky someone will come by and steal it! Then claim your insurance, fool even I can figure that one out.

MushyWaffle (not verified)    January 6, 2025 - 8:17AM

No sympathy. Anyone with a 5th grade education and common sense knows you NEVER buy the first generation of anything. Also, believing the lies of EV's, you get what you deserve. This is a Virtue Signaling vehicle, and . announces you have more money than sense.

MB (not verified)    January 6, 2025 - 9:19AM

If you buy a bag of trash for $5000 and realize it's a bag of trash, even if you put it up for sale for $500 you're not going to get anyone interested. If you try to give it away, nobody's going to want it. There is an assumption that just because you payed X for something, you're entitled to a good percentage of that when you sell it. It just happens sometimes that you buy something for far more than it is actually worth, and you have to take the loss.

Money Guy (not verified)    January 6, 2025 - 10:10AM

You don’t buy a vehicle looking to resell it at cost or for a profit. Worst asset in the world is a vehicle. Buy it for $100K, leave the dealership lot and it’s with $88k instantly.

This article is a point in case example of not understanding money.

Maxwell (not verified)    January 6, 2025 - 10:54AM

What is it they say about a fool and his money? Besides cash add Cybertruck to the list. Fellow obviously has too much time and money. List the truck on Turo and create an income stream and focus on the next shinny object.

Ed Magowan (not verified)    January 6, 2025 - 11:22AM

Please let him know he has my 'sympathy'..... which he can find between '$hit' and 'syphilis' in the dictionary.

R. Jones (not verified)    January 6, 2025 - 11:46AM

Keep it around as a emergency power station for your home. You'll be glad you have it when the new Administration shuts down the power grid for compliance with there dictatorship.

Kal (not verified)    January 6, 2025 - 11:53AM

Worst vehicle ever bought for $115k? Poor decisions and poor timing are usually why people can't pay their bills. Suck it up and take that giant loss.

Randal (not verified)    January 6, 2025 - 12:00PM

First mover actions are always risky, those of us that bought an EV knew the risks. If he wants to sell his Cyber Truck, I will make him an offer. for less than $50k. I have a 2021 Mach e and it is worth far less than what I paid, which was MSRP.