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No recourse for buyer's remorse.
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Cecily Mauran
Cecily Mauran
Tech Reporter
Cecily is a tech reporter at Mashable who covers AI, Apple, and emerging tech trends. Before getting her master's degree at Columbia Journalism School, she spent several years working with startups and social impact businesses for Unreasonable Group and B Lab. Before that, she co-founded a startup consulting business for emerging entrepreneurial hubs in South America, Europe, and Asia. You can find her on X at @cecily_mauran.
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Cybertruck owners reportedly can't trade in their trucks. Credit: Justin Sullivan / Getty Images
Tesla is reportedly refusing Cybertruck trade-ins as inventory. Meanwhile almost $200 million worth of Cybertruck inventory is piling up.
According to Electrek, Cybertruck owners that have tried to trade in their vehicles were told that "Tesla currently doesn’t accept its own vehicle as a trade-in." Additionally, Tesla is reportedly telling drivers that have owned Cybertrucks for a while to go through the Lemon Law process, which protects owners who have bought an irreparably defective car, but only within a short window after purchasing a car (the window varies by state).
SEE ALSO:
Every Tesla Cybertruck recall since the launch. See the listCompounding the issue, Tesla has almost 2,400 Cybertrucks sitting in inventory, which amounts to about $192 million, based on the Cybertruck's roughly $80,000 starting retail price, according to TeslaInfo data.
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Cybertrucks have faced multiple recalls since launch. In March, Tesla recalled nearly every Cybertruck ever made because the cant rail (a steel piece above the doors) was falling off. That's the eighth Cybertruck recall to date. There's also the issue of Tesla's CEO Elon Musk creating a bit of a PR issue for Teslas and Cybertrucks. Musk's actions as head of DOGE in the Trump administration has prompted Tesla boycotts and Cybertruck vandalism.
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Around the time Tesla announced the Cybertruck recall, inventory shot up and has remained consistently higher than other Tesla models, according to TeslaInfo.
Topics Tesla Elon Musk
Cecily Mauran
Tech Reporter
Cecily is a tech reporter at Mashable who covers AI, Apple, and emerging tech trends. Before getting her master's degree at Columbia Journalism School, she spent several years working with startups and social impact businesses for Unreasonable Group and B Lab. Before that, she co-founded a startup consulting business for emerging entrepreneurial hubs in South America, Europe, and Asia. You can find her on X at @cecily_mauran.
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