Autoblog and Yahoo may earn commission from links in this article.The Pricing PlungeWhen the Tesla Cybertruck finally hit the streets in late 2023, early adopters were willing to pay astronomical premiums to get behind the wheel. As Doug DeMuro points out in his latest video, the initial Foundation Series models carried a sticker price of around $100,000. Crazed buyers quickly flipped these stainless steel beasts on auction sites like Cars & Bids for upwards of $150,000. Today, the landscape looks drastically different. It's still quite a capable truck, but many external and inherent factors affect its true market value.That steep depreciation curve has left many early buyers underwater. DeMuro notes that these same early trucks are now selling for around $58,000 to $70,000 on the secondary market. The reasons for this massive drop are multifaceted. The broader electric vehicle market has lost some of its initial shine due to changing political climates and the removal of lucrative incentives. Furthermore, the Cybertruck is no longer the elusive unicorn it once was. Automakers inevitably have to lower transaction prices to meet waning demand, which in turn forces used-car values down.The Musk Factor and OverproductionA significant factor driving down values is the polarization of the Tesla brand itself. DeMuro candidly highlights how Elon Musk and his political alignments have alienated a portion of the traditional EV buyer base. This reputational damage is compounding a severe overproduction issue. Tesla manufactured far more trucks than the retail market could comfortably absorb. In fact, 2025 Cybertruck sales fell faster than any other EV, plummeting by 48.1 percent compared to 2024. To offload excess inventory, Tesla even sold a substantial chunk of vehicles to other Musk-owned companies.AdvertisementAdvertisementWhen fleet vehicles eventually hit the used market, they flood the supply and drag prices down even further. This inventory buildup has forced Tesla to look overseas for willing buyers. Recent reports indicate that Tesla is taking the Cybertruck to the Middle East after a severe US sales slump to find fresh demand. Despite this gloomy outlook, DeMuro reassures current owners that the truck will not drop to an absolute zero value. Its raw performance, off-road capability, and general utility as a pickup truck guarantee a reliable price floor.Tesla Europe & Middle East on XWhere's the Bottom?If you are holding onto a Cybertruck as an investment, the immediate future looks rather bleak. DeMuro strongly advises owners to sell now if retaining value is a primary concern. He predicts that prices will continue to slide into the $30,000 range within the next 18 months. Looking even further down the road, the bottom of the depreciation curve could realistically land between $15,000 and $20,000 in about seven to ten years. We have already seen similar depreciation trajectories with the flagship Model S sedan.This brings us to an important editorial crossroads. Is it too soon to call the Cybertruck a colossal failure? While the massive depreciation and halved sales figures paint a brutal picture, declaring it a total flop might be premature. The vehicle still boasts an incredibly loyal fanbase and undeniably impressive technological achievements. It forced the entire automotive industry to rethink traditional pickup design. The Cybertruck is currently suffering through a harsh market correction, but its unique utility and polarizing presence will likely secure its place in automotive history.Facebook: Grapevine Police DepartmentThis story was originally published by Autoblog on Jun 1, 2026, where it first appeared in the News section. Add Autoblog as a Preferred Source by clicking here.
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