Used Tesla Cybertruck Price Continues To Crash

It appears that the used Tesla Cybertruck market is experiencing a significant price drop.

[{"selector":"#anim-61a2e0a1-597e-4786-a46c-13b6503a6ede [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.21462252752049%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

The average price of a used Cybertruck has fallen to around $117,000, with some sellers settling for offers between $110,000 and $120,000

[{"selector":"#anim-e41dd969-009f-4c2d-b5b7-e4e8b5bc6220 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.21462252752049%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

This decline in price is attributed to the increased availability of new Cybertrucks, which has reduced the demand for used models

[{"selector":"#anim-8c7b554a-0598-4a71-8d4d-5fca662a2817 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.21447170031616%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

Tesla's decision to remove the reservation system for the Foundation Series in the US

[{"selector":"#anim-845684fe-48ab-4d37-8eb1-ab88b0f9270b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.21462252752049%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

It has led to a surge in new Cybertruck deliveries, further contributing to the downward pressure on used prices

[{"selector":"#anim-463dd8c3-aa09-4554-be42-07330cf3639e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

Some experts predict that the used Cybertruck market will continue to decline

with prices potentially falling to around $99,990, which is the current starting price of a new Cybertruck

[{"selector":"#anim-72426084-9db6-4afd-bbe9-dc8a8b056d3b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.21462252752049%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]