The price of used Tesla Cybertrucks continues to plummet

Used Tesla Cybertruck prices continue their long, steep downward trend as Tesla increases the availability of new CTs.

Prices on the used Cybertruck market in the U.S. went crazy earlier this year, with some sellers asking more than $200,000 for the first batch of Tesla pickups. That drove the average price of a used CT to around $185,000 in early April. But that market is fading fast. According to CarGurus, a car-buying website, the average price of a used Cybertruck is now around $117,000 as of September 2024.

The forces of supply and demand kept prices high, “as early enthusiasm for the model and limited availability helped drive up initial prices on the secondary market,” Kevin Roberts, director of industry insights and analysis at CarGurus, told me.

Goodbye $200,000, hello $99,990: Here's the difference: The used CT market is no longer necessary to meet pent-up demand. And Cybertrucks ordered directly from Tesla no longer have cryptic delivery dates – once the subject of seemingly endless speculation on Tesla forums and social media. For example, if you order a Cybertruck All Wheel Drive for $99,990 today, Tesla will give a clear delivery window of September to October 2024. If you order the Cyberbeast for $119,990, Tesla will give “Estimated Delivery: October – December 2024.”

And this inexpensive CT scan? However, the market is still waiting for the promised low-cost CT. For example, Tesla's website listed a new rear-wheel-drive model for 2025 for $60,990. That version was removed over the weekend of August 10. And CEO Elon Musk had originally promised a $39,900 version of the truck, but that too was dropped in 2021.

But keep an eye on the Tesla Cybertruck website, according to Zach Doell, vehicle testing editor at U.S. News & World Report. “Tesla tends to adjust these prices on short notice, so prospective buyers should keep an eye on their website to track the latest developments,” he told me. And what about the $39,000 Cybertruck? “It's possible we'll see a cheaper, entry-level Cybertruck at some point, but I doubt it will cost anywhere near the $39,000 originally announced in 2019,” he said.