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Itamar Cohen is a Cybertruck fan and currently owns the dual motor all-wheel drive Cybertruck variant. Given his admiration of the truck, Itamar decided to upgrade from the Cybertruck AWD to the tri-motor performance Cyberbeast.

When the day came to pick up his Cyberbeast, Itamar went to Tesla to trade in his Cybertruck AWD, pay extra, and upgrade to the Cyberbeast.

However, to his dismay, when Itamar talked to a Tesla sales representative, he was told that the EV maker would not be accepting his Cybertruck AWD trade-in offer.

The sales rep informed Itamar that the issue was not with his Cybertruck but that, as a policy, they had been instructed from high up not to take any Cybertruck as a trade-in.

This shocked Itamar, who decided to post about his predicament on the Tesla Cybertruck group on Facebook.

What’s even more surprising is that if you are looking to buy a Tesla vehicle, the EV maker will allow you to trade in almost any other vehicle, including an internal combustion vehicle.

If the traded-in vehicle is a Tesla, the EV maker sells it as a certified pre-owned car on its website. On the other hand, if the trade-in is for any other vehicle, including an internal combustion vehicle, the EV maker sells it at an auction.

However, in this case, Tesla has instituted a company-wide policy of not taking any Cybertrucks back as a trade-in for some inexplicable reason.

Another baffling point is that Tesla requires all new Foundation Series Cybertruck owners to sign an agreement stating they are not permitted to sell their Cybertruck during their first year of ownership.

Any Cybertruck owner who wants to get rid of his/her truck by contract must return it to Tesla and give the company the first chance of refusal.

However, the thought process behind this contract is hard to fathom if all trade-in offers are automatically rejected as a matter of company policy.

Tesla even discovered that one Cybertruck owner had sold his truck on the secondary market and blacklisted the individual from buying any Tesla products in the future.

Frustrated by Tesla’s decision, Itamar says, “It’s almost like the EV maker doesn’t trust its own brand.”

Several people in the comments section proposed their theory for Tesla’s baffling no Cybertruck trade-in policy. The most cited reason was that the EV maker already has trouble selling new Cybertrucks and does not want to add to its backlog.

These assertions were supported by the fact that Tesla recently stopped requiring reservations to purchase a Cybertruck. Currently, if you are looking to buy a Cybertruck, you can head to Tesla’s website and order it like any other vehicle.

The second most prominent theory for Tesla's no-Cybertruck trade-in policy is that the EV maker doesn’t want the public to find out how much it values used Cybertrucks.

In the past few weeks, the Cybertruck second-hand market has experienced massive depreciation. The trucks, which sold above $200,000 just a few months ago, are now trading in the $90,000 range.

Proponents of this theory suggest that if Tesla revealed Cybertruck trade-in values, which will certainly be low, it would further decimate Cybertruck's residual value, hurting Tesla’s ability to sell new Cybertrucks at high prices.

Overall, it’s difficult to say exactly why Tesla refuses to accept a Cybertruck as a trade-in vehicle, but I would love to hear your thoughts in the comments. Share your ideas by clicking the red “Add new comment” button below.

This is all the information we have currently; however, we’ll be sure to keep you posted when we learn more about Tesla’s reasoning. Until then, visit our site, torquenews.com/Tesla, regularly for the latest updates.

Image: Courtesy of Tesla, inc.

For more information, check out: Tesla Delays Cybertruck Range Extender Production, Confirms Several Details

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.