An increasing number of Tesla Cybertrucks are entering the used EV market. When the truck was new, flippers charged over $200,000 in the resale market. As production and deliveries increase, those absurd prices are now starting to look more normal. The rabid fanaticism around the Tesla Cybertruck is cooling down. When deliveries of the polarizing truck began in November last year, some owners were flipping them for as much as $275,000, more than double its purchase price.
Delivery times are down from an estimated five years last year to just a couple of months now. This could be a result of both a production increase and a possible demand drop. Tesla removed the $61,000 rear-wheel-drive Cybertruck trim this month from its website, which may have turned off many buyers. Tesla reportedly had 2 million Cybertruck reservations at one time.