The Cybertruck trade-in is over. At least at Tesla, which wants nothing to do with the used cars that customers bring in.
Interest in the Tesla Cybertruck has dried up. Elon Musk's expectation of 250,000 cars per year is far from being achieved, and 2,400 unsold cars are piling up.
Sales of the Tesla Cybertruck are plummeting. Interest in the special pickup is dwindling. Elon Musk's high expectations for sales have not been met at all, and now Tesla will no longer accept trade-ins.
Tesla currently has 2,400 unsold Cybertrucks in stock, indicating a decline in demand.
This is reported by the media Electrek .
At the launch, Elon Musk predicted a global sales figure. He expected 250,000 Cybertrucks to be sold per year.
However, the reality looks different for Tesla. So far, only around 40,000 units have been sold globally.
This corresponds to only 16 percent of the annual sales target. A decrease of 84 percent compared to expectations.
Challenges on multiple fronts for Cybertruck
The car has had difficulty obtaining approval in the EU. This is primarily due to the car's design and construction.
The situation has led experts to draw parallels. They compare it to historical car failures.
Eric Noble, the head of consulting firm Carlab, told Forbes: "It's in the same league as the Edsel."
He refers to Ford's failed Edsel car brand from the 1950s. Edsel sold only 63,000 cars annually against expectations of 200,000.
The hype surrounding the Cybertruck seems to have died down considerably. The huge media coverage at the launch has died down.
Problems in the used Tesla market
The lack of interest in new cars is also affecting the used market. The value of used Cybertrucks is under pressure.
Tesla itself has stopped accepting Cybertrucks for trade-ins, reports the Economic Times.
Some owners have tried to refer to contracts. They want Tesla to take back the car as agreed. But that hasn't happened.
Other car dealers are also not showing interest in the electric pickup. They simply won't take the car in as inventory.
Overall, a picture emerges of a car model. A car model that is struggling more than expected in the market.
However, Tesla also has successes and a wide model range. In the first few days after the facelifted Model Y was presented, more than 70,000 customers were waiting in line. Read more about it here .
