How Quickly a Tesla Cybertruck Depreciates vs a Ford F-150
Read More:
For You:
Combined with the turning of public opinion against Tesla and its controversial CEO, Elon Musk, valuations for the Cybertruck have plummeted in the secondary market, with depreciation reaching remarkable levels.
How bad have things gotten? Here's a look at the current depreciation rate on the Tesla Cybertruck compared with one of its competitors, the Ford F-150.
Depending on the data source, first-year depreciation rates for the Tesla Cybertruck are anywhere between 35% and 45%.
Tesla only recently began accepting trade-ins of its Cybertruck, and it's pricing 2024 Cybertruck AWD Foundation Series models with just 6,200 miles on the odometer for $65,400, NewsBytes reported. That's just about a 35% discount off the original $100,000 list price.
According to CarGurus data, a more realistic depreciation figure for the Cybertruck in its first year is 45%. As this data is based on real-world sales from all types of dealers, not just Tesla, it may be more indicative of the pricing that buyers can get.
Consider This:
According to Edmunds, the first-year depreciation rate for a 2024 Ford F-150 is just over 13%. It takes five full years for the depreciation rate to hit 42%, which is about what the 2024 Tesla Cybertruck experiences in a single year.
By the formula that Edmunds uses, this greatly increases the 'cost to own' of a Cybertruck, particularly vs. a Ford F-150.
If you hold your car forever and never intend to sell it, depreciation may not matter to you as much. It's not a cash expense that comes directly out of your pocket, so in that sense, it's an 'expense' that doesn't cost you anything directly.
But if you ever intend to sell your car, depreciation can be a huge problem. Imagine buying a $100,000 vehicle and knowing that you can only get $65,000 or even $55,000 out of it if you need to sell it after one year. That's a terrible burden.
On the other side of the coin, if you're a buyer, depreciation can work to your advantage. If you really want a Cybertruck, for example, picking one up with fewer than 10,000 miles for 55% to 65% of its original cost can be a great savings.
The data clearly indicates that the Tesla Cybertruck is a flop. Musk initially forecasted an annual sales rate of 250,000 units for the Cybertruck, but since its introduction in November 2023, it has sold fewer than 50,000.
Meanwhile, first-year depreciation rates are running in the 35% to 45% range, well above the 20% that's typical for a truck in its first year after purchase.
The massive depreciation rates for the vehicle indicate that there is little support or demand in the secondary market for the Cybertruck, even at what are bargain-basement prices compared to brand-new models.
The numbers may give potential new Cybertruck buyers pause, as many of them would likely be underwater on their car loan within a year of purchase if current depreciation rates continue.
More From GOBankingRates
The 5 Car Brands Named the Least Reliable of 2025
6 Hybrid Vehicles To Stay Away From in Retirement
This article originally appeared on GOBankingRates.com: How Quickly a Tesla Cybertruck Depreciates vs a Ford F-150
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
an hour ago
- Business Insider
Trump's tax plan won't help Tesla, but 2 other EV companies got a stock boost
President Donald Trump's tax bill led to a big stock boost for two Tesla rivals. American electric vehicle makers Rivian and Lucid rose as much as 4.6% and 8.8%, respectively, on Thursday. The gains came after an analyst note from BNP Paribas said that the two companies stand to benefit from Trump's tax bill ending EV tax credits. On Thursday, the House passed the final version of the bill, which would extend the president's 2017 tax cuts and make key changes to the tax system. The bill would also end the $7,500 EV tax credit awarded to buyers on September 30. The tax credit removal is expected to lower demand for EVs, and bigger automakers could be hit harder. Per the new bill, cars made by companies that sold more than 200,000 accepted EVs between December 31, 2009, and December 31, 2025, do not qualify for the tax credit. Tesla delivered more than 336,000 vehicles in the first quarter of 2025 alone. Rivian delivered 8,000 vehicles in the same quarter, while Lucid delivered 3,109 vehicles. Like Tesla, Rivian has been struggling with cars don't qualify for the tax credit, but the company has relied on a leasing loophole for customers to use it. Rivian does not qualify because a requirement mandates that a significant portion of the car battery's materials should be sourced from the US or its trade partners. Lucid vehicles qualify for the $7,500 federal EV tax credit. Tesla and Lucid are down 22% and 28.5% so far this year. Rivian's stock is down 2% in the same time period. Big hit to Tesla The loss of the EV tax credit could be a big hit to Tesla, analysts say. Last month, Seth Goldstein, an equity strategist at Morningstar, told Business Insider that the expedited elimination of the EV tax credit would be "the biggest area that could impact Tesla." "Consumers have increased long-range EV choices at similar price points as Tesla," Goldstein said. "It's on Tesla to make the case for consumers to even slightly pay up today versus some other EVs." Goldstein added that tax credit elimination could decrease sales volume, which the automaker has been struggling with. JPMorgan analyst Ryan Brinkman wrote in a note last month that Trump's bill, combined with other proposed legislation, including ending the California Air Resources Board Program, threatened more than half of Tesla's 2025 profits. Brinkman said that the $7,500 consumer tax made up 19% of Tesla's 2024 earnings before interest and tax.
Yahoo
3 hours ago
- Yahoo
Making connections in Myanmar's fractured state
In a riverine battleground in western Myanmar, an entrepreneur hunts for reception using a makeshift bamboo antenna, his payphone kiosk providing locals a lifeline to connect with their loved ones. In commercial capital Yangon, a student flicks through apps that cloak his online identity so he can skirt social media bans that accompanied the 2021 coup. And in the mountainous east, customers at an internet cafe feverishly scroll for news from the outside, dependent on Elon Musk-owned satellites. Four years of civil war between Myanmar's military and its myriad opponents have shattered communications networks. In response, people have resorted to methods ranging from the old-fashioned to the ingenious to the hyper-modern. "I don't want to be cut off from the world," Hnin Sandar Soe, 20, said at an internet cafe in eastern Karenni state where she reads headlines, studies online and reaches out to friends and family. "It always brings a warm and comforting feeling to keep in touch with them." - Payphone lifeline - Myanmar has been under military rule for most of its post-independence history, but a decade-long democratic thaw starting in 2010 was accompanied by an astronomical growth in connectivity. That year, SIM cards cost $1,000 and fewer than five percent of the population owned a mobile phone, according to World Bank figures. Seven years later, that figure was 82 percent, as citizens seized on the rapidly developing cellular networks and novelty of free speech. But since the military toppled the civilian government and ignited the war, there has been a slide back into digital darkness. The junta has banned a slew of apps, conflict has eviscerated infrastructure and blackouts are weaponised by all sides. In western Rakhine state, where civil war has intensified long-running conflict, reliable communications are now a dim memory. Witnessing his neighbours hiking hills for mobile signal, Saw Thein Maung founded an old-fashioned payphone business six months ago. Today, he operates three phones wired to antennas on 10-metre (33-foot) poles that wobble in the wind above the delta town of Ponnagyun. The business earns him a relative fortune of up to $23 a day as customers clamour to dial out. "They don't want to stop speaking with their children elsewhere. They don't care how much they have to pay," Saw Thein Maung said. Customer Tun Lin, 27, uses the payphone to ring city-dwelling contacts to enquire about job openings. "Making phone calls is the only way," the unemployed former NGO worker said. - Satellite solutions - Activist group the Myanmar Internet Project (MIP) says there have been nearly 400 regional internet shutdowns since the junta takeover. What it calls a "digital coup" has slowed emergency responses, hampered education and hobbled the economy. "The public is experiencing hardship as a result of this insult added to injury," said MIP spokesman Han, who goes by one name. "They are looking for all kinds of ways to resist." In Karenni state, an internet cafe with a glowing blue router offers an oasis of connectivity, bypassing restrictions by tethering to Musk's Starlink satellite system. The junta has not licensed the technology, meaning it is illegal to operate. Cafe owner Marino had it smuggled over the border to his shop, where the cutting-edge web link contrasts with the corrugated roof and tarpaulin walls. "We need the internet to know what is happening in our country or the world and if our friends are doing well or not," he said. Nearby, an elderly woman chatted on her phone and a gaggle of teens played online games. - Dodging disconnection - Major cities under junta control retain reliable internet, but Facebook, Instagram, X and WhatsApp -- where opposition groups have typically organised -- are all banned. In Yangon, virtual private networks (VPNs) provide a way to dodge the bans. After the junta started blocking VPNs last year, a whisper network rippled through the city, with people sharing free options that still function. One week the best is 1.1.1.1, before JumpJumpVPN emerges as more popular, and then everyone moves to Now VPN. But the junta security forces now conduct spot checks for VPNs, said one 23-year-old student, speaking on condition of anonymity because he uses the outlawed apps. "Other countries have internet freedom and young people can learn freely," he said. "It is different in our country where everything is restricted. I feel our rights are blocked." He remains undeterred. "We young people have a mindset that we will overcome any restrictions." bur-lmg/jts/pdw/lb/sco
Yahoo
3 hours ago
- Yahoo
Dogecoin Bulls Defend 16 Cent Support as Elon Musk's X Payments Speculations Loom
Dogecoin is showing fresh signs of strength after rebounding 17% from weekend lows, with strong buying pressure defending the critical $0.16 support zone. The bounce comes as geopolitical tensions and macroeconomic uncertainty continue to weigh on markets, yet DOGE appears to be building a higher low structure that could set the stage for further upside. News Background The broader crypto market has been rocked by escalating global tensions and unstable trade dynamics, but Dogecoin has managed to hold ground after a sharp decline to $0.142. In the 24-hour period ending June 26, DOGE stabilized above $0.165 and closed at $0.1657—up nearly 3% from the session low. Coinbase recently added support for DeFi applications using wrapped Dogecoin (wDOGE) on its Layer-2 Base network, potentially expanding the token's use case. At the same time, speculative buzz continues to swirl around Elon Musk's X platform, which has now secured money transmitter licenses in 39 U.S. states. While Dogecoin integration remains unconfirmed, Musk's historical influence on the token remains a factor in market sentiment. Price Action DOGE traded between $0.1628 and $0.1677 over the last 24 hours, representing a 2.97% swing. The asset found strong support at $0.1628 during the 15:00 hour, with nearly 300 million DOGE traded as buyers stepped in. A sharp rejection at $0.1677 later defined resistance. In the final hour of trading, DOGE climbed 0.98% from $0.1645 to $0.1661. Key momentum came at 01:28 and 01:34 UTC, with volume surging to 10.7M and 20.1M DOGE, respectively—confirming buyer interest and pushing the price to a local high of $0.1664. The session ended with price consolidating above $0.1659 as volatility cooled. Technical Analysis Recap • DOGE traded within a $0.0049 range ($0.1628–$0.1677), up 2.97% over the session • $0.1628 confirmed as strong support with volume nearing 300M DOGE during buy-in • Resistance formed at $0.1677 during high-volume rejection in the 14:00 hour • Price closed at $0.1657, forming a higher low and suggesting bullish continuation • 60-minute gain of 0.98% from $0.1645 to $0.1661 during final session hour • Volume spikes at 01:28 and 01:34 confirmed strength, pushing to $0.1664 high • Price stabilized above $0.1659 in final 15 minutes with decreasing volatility Sign in to access your portfolio
