Tag: Tesla

  • Tesla Owners Sue Elon Musk for Refunds Over Vandalism Claims

    Tesla Owners Sue Elon Musk for Refunds Over Vandalism Claims

    Key Takeaways

    1. Vandalism incidents involving Tesla cars have increased since Elon Musk became more politically active, affecting both the U.S. and international markets.

    2. A group of French Tesla owners has filed a lawsuit against the company, citing breaches of a French law that requires manufacturers to ensure peaceful use of their products.

    3. The lawsuit claims that Musk’s political involvement has turned Teslas into political symbols, hindering owners’ enjoyment of their vehicles.

    4. Public perception of Tesla has declined sharply due to Musk’s political activities, leading owners to seek compensation and explore other electric vehicle options.

    5. Tesla’s sales have dropped significantly, especially in Europe, with a reported 60% decrease in countries like France and Germany, despite the release of the refreshed Model Y.


    Vandalism incidents involving Tesla cars and showrooms have sharply increased since CEO Elon Musk became more politically active.

    Many Teslas have been set ablaze, scratched, had their tires damaged, windows broken, or were marked with anti-Elon slogans both in the United States and internationally.

    Lawsuit from French Owners

    After experiencing vandalism, including swastikas and even feces on their cars, a group of French Tesla owners decided to take legal action against the company due to Musk’s political involvement. This could be a significant case for other customers.

    Their lawyer from GKA has submitted a lawsuit claiming breaches of a special French law that requires manufacturers to guarantee a “peaceful use” of their products. GKA argues that while Tesla owners purchased their vehicles for their innovative and eco-friendly features, Musk’s actions have turned them into “strong political symbols,” hindering their enjoyment of the cars.

    Declining Brand Perception

    This year, the public’s view of Tesla has declined drastically because of Musk’s political activities and his brief role at the Department Of Government Efficiency (DOGE). Caught off-guard by the changing perceptions, Tesla owners are now seeking compensation.

    The plaintiffs are asking Tesla to buy back their cars and return any lease payments or cash they have made as they look for other eco-friendly electric vehicle options.

    Court Proceedings

    The lawsuit was filed in the Commercial Court of Paris on June 11th, and the judge must now decide if other Tesla owners wishing to join the case can do so after the lawsuit was made known.

    Despite the introduction of the highly anticipated Model Y refresh, Tesla’s sales have significantly decreased this year. The situation in Europe is especially troubling, as Tesla is the only electric vehicle manufacturer facing a negative brand image and a 60% drop in sales in countries like France and Germany.

    Although the Model Y remains one of the leading electric vehicles, its sales have dropped by 50% compared to the same time last year, even with the recent updates.

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  • Tesla Model S Refresh: Longest Range & New Autopilot Camera

    Tesla Model S Refresh: Longest Range & New Autopilot Camera

    Key Takeaways

    1. The refreshed 2026 Model S and Model X feature a new front bumper camera for enhanced visibility during Autopilot and Smart Summon use.

    2. Improvements in ride comfort, cabin noise, and efficiency are highlighted, resulting from new wheel designs and better aerodynamics.

    3. The 2026 Model S achieves the longest range in Tesla history at an EPA estimate of 410 miles, only with standard Magnetite Wheels.

    4. Upgrading to 21-inch Velarium Wheels decreases the range by 30 miles and adds an extra cost of $4,500.

    5. The price of the refreshed Model S has increased by $5,000 compared to the previous model.


    With the introduction of the refreshed 2026 Model S and Model X, Tesla has highlighted the function of a new front bumper camera. This feature, which is also seen in the Cybertruck and the redesigned Model Y, adds more than just parking assistance.

    Enhanced Visibility Features

    The front camera, positioned just above the grille of the updated Model S, is designed to provide “better visibility when utilizing Autopilot and Actually Smart Summon.” This suggests that its purpose goes beyond mere parking support, raising speculation about whether Tesla might add similar front cameras to the upcoming Model 3 refresh, the last facelifted model lacking this feature.

    Impressive Range and Comfort

    In addition to aesthetic changes like a subtle redesign and multicolor ambient lighting throughout, the refreshed 2026 Model S boasts improvements in ride comfort, cabin noise, and overall efficiency. Tesla acknowledges that the enhanced efficiency largely results from new wheel designs and slightly better aerodynamics, rather than changes to the powertrain, similar to what we see in the latest Model Y.

    The modifications in wheel and body design have contributed to reduced power consumption while driving, leading to better range from the same battery and electric motors.

    Longest Range in Tesla History

    Remarkably, the 2026 Model S now holds the record for the longest range of any Tesla vehicle, with an EPA estimate of 410 miles. Although this is just a modest increase from its predecessor’s range, it positions the Model S Long Range refresh as the farthest-traveling car in Tesla’s entire history.

    It’s important to note that this impressive 410-mile range is only attainable with the standard Model S Magnetite Wheels. Opting for the sleek 21-inch Velarium Wheels results in a decrease of 30 miles in range and adds $4,500 to the price, which has already seen an increase of $5,000 compared to the previous model.

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  • 2026 Tesla Model S Facelift Revealed in New Blue Color

    2026 Tesla Model S Facelift Revealed in New Blue Color

    Key Takeaways

    1. Tesla is preparing to unveil refreshed versions of the luxury Model X and Model S after updating the Model 3 and Model Y.
    2. The 2026 Model S was recently spotted without camouflage, revealing its design changes, including the removal of the contrasting Tesla logo.
    3. The redesign of the Model S has received mixed reviews, with some features looking outdated, but it may still be a temporary testing body.
    4. The new Model S features a painted emblem and a front bumper camera, which is now standard in Tesla’s latest models.
    5. Updates to the powertrain and battery performance for the Model S are still uncertain, but improvements are anticipated given its exceptional range and acceleration capabilities.


    After wrapping up updates for the Model 3 and Model Y, Tesla is gearing up to unveil refreshed versions of its luxury Model X and Model S, both of which have been around for a while now.

    Model S Spotted

    The 2026 Model X has already been seen covered in camouflage, with glimpses of its new interior design being shared. Now, it’s the Model S’s turn to take the spotlight. Recently, the 2026 Model S was caught parked on the roadside, completely free of camouflage on both its front and back ends, showcasing Tesla’s speedy car with the longest range.

    Design Changes

    However, “showcasing” might be a bit generous, as this redesign is somewhat of an acquired taste. The previously contrasting Tesla logo on the front is no longer there, and the rear bumper along with the spoiler seem a bit outdated. Still, the fact that Tesla staff are driving around in it without any camouflage suggests this might not be the final design—it could just be a temporary body kit used for testing while engineers check the internals.

    New Features

    In terms of details, the Tesla emblem is now painted to match the color of the front slit, which looks a bit sharper than before. However, this doesn’t necessarily add an aggressive edge to the car’s appearance, and the new blue paint job fails to give it a sporty vibe. It remains uncertain what kind of updates Tesla will introduce for the Model S’s powertrain or battery, particularly since it’s the only vehicle in their lineup that can exceed 400 miles on a single charge and can sprint from 0 to 60 mph in less than two seconds. Tesla is likely to enhance these impressive features.

    At this point, the only noticeable addition is the front bumper camera, which is standard in Tesla’s latest models, including the Cybertruck and the updated Model Y.

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  • Driverless Model Y Filmed on Streets with Tesla Robotaxi Logo

    Driverless Model Y Filmed on Streets with Tesla Robotaxi Logo

    Key Takeaways

    1. Tesla’s Robotaxi ride-share service will officially launch on June 22, with the first driverless delivery set for June 28.
    2. The service will start in Austin, Texas, where a driverless Model Y was spotted, showcasing Tesla’s logo on the vehicle.
    3. Texas has lenient regulations for self-driving cars, requiring minimal extra rules compared to standard vehicles.
    4. The Robotaxi fleet will use a new version of Full Self-Driving (FSD) software called “unsupervised FSD,” with future updates planned to enhance performance.
    5. Tesla is training local authorities in Austin on handling self-driving cars and will initially roll out about ten Model Y units in a controlled area, with human operators available for assistance.


    Tesla’s Robotaxi Launch

    Elon Musk announced that Tesla’s Robotaxi ride-share service will officially launch on June 22. Following this event, the first completely driverless delivery of a Model Y from the factory to a customer is set for June 28.

    First Sightings of the Robotaxi

    Before the launch, a driverless Model Y robotaxi was spotted on the streets of Austin for the first time. Tesla has decided to kick off its Robotaxi service in this city, and the logo can be seen on the side of the Model Y in the accompanying video.

    Texas Regulations

    Texas has quite lenient laws regarding self-driving cars, requiring minimal extra regulations compared to those for standard vehicles, such as basic registration and insurance.

    The Model Y can be seen waiting for pedestrians to cross before turning left, notably without a driver inside. Tesla has been testing these robotaxis with an employee in the back seat as a precaution. Musk mentioned that this Model Y operates on a different version of the Full Self-Driving (FSD) software that other Tesla cars use.

    Future Software Updates

    In the future, the FSD version that the Robotaxi fleet will utilize, referred to by Tesla as “unsupervised FSD,” is expected to integrate with the main software that gets updated over the air, allowing all vehicles to join the platform.

    Later this year, Tesla plans to roll out a new version of the FSD that aims to increase parameters by four times while ensuring “super frugal use of memory bandwidth” and only caching what’s necessary.

    Collaboration with Local Authorities

    Tesla has been actively training the police and first responders in Austin on how to handle situations involving its self-driving cars. The company plans to start cautiously, rolling out around ten Model Y units within a geofenced area, similar to Waymo’s operations.

    There will also be human operators available for riders to contact in case any issues arise, resembling Waymo’s approach. The only remaining detail is the pricing for rides with Tesla’s Robotaxi service, which is expected to be revealed on or before the June 22 launch.

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  • Family Model Y 7-Seater Launch Expected Before 2026 Performance Trim

    Family Model Y 7-Seater Launch Expected Before 2026 Performance Trim

    Key Takeaways

    1. Tesla is hinting at the release of the 2026 Model Y, which will feature seven seats.
    2. The new Model Y may be the first seven-seat option in Tesla’s lineup, emphasizing long range and ample space.
    3. Current Model Y orders show only two interior color choices, with a potential 7-seat model suggested in the configuration options.
    4. The Chinese market may receive a 6-seat version with three rows of full-size seats, larger than the existing 5-seat model.
    5. It is unclear if the US 7-seat Model Y will have an extended wheelbase or just two smaller seats in the trunk.


    Tesla has begun sending out emails that hint at the upcoming release of the much-anticipated 2026 Model Y, which will feature seven seats.

    This model is the one that Tesla’s head engineer, Lars Moravy, mentioned would be coming “later this year” during an interview related to the Model Y facelift. He also dropped a hint about a 2026 Model Y Performance version, which has been spotted testing at the famous Nürburgring racetrack.

    Exciting Features to Expect

    The new 7-seat Model Y might be the first one to hit the market from Tesla’s lineup. The promotional email informs potential buyers that the electric SUV is “ready for anything with long range, seating for up to seven and enough room for everyone’s gear.”

    While whether there will be enough space for everyone’s belongings in a Model Y with seven seats can be argued, the fact that Tesla is presenting this option as a certainty is quite revealing.

    Updates on Interior Options

    At the moment, the Model Y order page shows just two choices for interior colors regarding the seats. However, Tesla mentions a “5-seater configuration” beneath them, suggesting a 7-seat model might be on the horizon once again.

    There were whispers that a 2026 Model Y with more than five seats started production at Giga Shanghai back in May, but the Tesla China options configurator hasn’t yet reflected this change.

    Market Variations

    Reports indicate that the Chinese market is expected to receive a 6-seat version of the Model Y with three rows of full-size seats, which will also be larger than the current 5-seat model offered by Tesla.

    It’s still uncertain whether the 7-seat Model Y teased in the emails to US customers will feature an extended wheelbase or simply be similar to the current model but with two smaller seats added in the trunk, as Tesla often does.

    Regardless, it seems that the 7-seat Model Y is nearly ready for its debut, meaning Tesla will soon address all those urgent legroom inquiries.

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  • Tesla Model Y RWD Trim: Zero Due at Signing Financing Deal

    Tesla Model Y RWD Trim: Zero Due at Signing Financing Deal

    Key Takeaways

    1. Tesla is offering a 1.99% APR financing rate for the new Long Range RWD Model Y, available until June 30 for eligible buyers.
    2. A down payment of at least 15% is required, but the $7,500 federal tax credit can count towards this, allowing some buyers to purchase with little to no money down.
    3. A 2.99% APR financing option with zero down payment is available for buyers who do not qualify for the tax credit.
    4. The RWD Model Y offers a significant range of 357 miles per charge and is priced lower than the AWD variant, which previously had the 1.99% financing offer.
    5. Tesla’s APR promotions cannot be combined with the $2,000 Model Y Loyalty Incentive, but can be combined with other discounts like referral credits or military discounts.


    After launching a 0% APR for the Cybertruck and Model 3, Tesla is now providing a financing offer for the most affordable Model Y variant, which also boasts the longest range.

    Financing Details

    Eligible buyers of the Model Y can now benefit from a financing rate of 1.99% APR on the basic Long Range RWD model that was recently unveiled, provided they receive their vehicle by June 30. The Model Y has become Tesla’s top-selling car and has just undergone a significant redesign. This financing promotion for the least expensive version looks like a strategic move to boost sales ahead of Elon Musk’s second-quarter earnings report.

    Tax Credit and Down Payment

    Tesla specifies that for the new Model Y RWD APR financing offer to apply, a down payment of at least 15% is required. However, since the $7,500 federal tax credit can be considered as part of this down payment, buyers can effectively purchase the Model Y with essentially no money down. For those who do not meet the tax credit requirements, Tesla provides an alternative. They can secure a 2.99% APR financing option with zero down payment on a Model Y.

    Comparison with AWD Model

    Previously, the 1.99% financing rate was only available for the Model Y AWD, which costs $4,000 more than the RWD variant that provides an impressive range of 357 miles per charge. Note that this AWD financing offer ends on June 16, while the RWD financing offer is valid until the end of June.

    The APR financing options for the Model Y are applicable for all payment terms up to 72 months. This means the lowest monthly payment, with zero down for those eligible for the tax credit, comes out to $603. If a buyer makes a down payment of $3,999, the monthly payment drops to $544.

    Additional Promotions

    However, it’s important to note that Tesla indicates the APR deal cannot be combined with the $2,000 Model Y Loyalty Incentive for upgrades. Yet, other promotions such as referral credits or military discounts can be combined, further reducing the monthly payments for the Model Y.

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  • Tesla Shares Drop Amid Escalating Trump-Musk Feud

    Tesla Shares Drop Amid Escalating Trump-Musk Feud

    Key Takeaways

    1. The relationship between Donald Trump and Elon Musk has deteriorated after a brief partnership, highlighted by Musk’s recent departure from the White House’s agency DOGE.
    2. Musk criticized Trump’s new budget proposal, which cuts social and healthcare benefits while increasing military spending and providing tax breaks for the wealthy.
    3. Musk’s primary concern appears to be the projected $2.4 trillion deficit from the legislation, rather than the social security cuts.
    4. Trump retaliated by suggesting Musk’s criticism was motivated by reduced subsidies for electric vehicles and hinted at cutting government contracts with SpaceX.
    5. Tesla’s stock dropped over 14%, resulting in a $34 billion loss in value, following the escalating conflict between Musk and Trump.


    It is seen as one of the most debatable celebrity pairings in the last few years, and it might’ve been a key factor in the election: the right-leaning presidential hopeful and repeat candidate Donald Trump on one side, and the right-leaning tech mogul and keen advocate for civil servant layoffs Elon Musk on the other. Is this a connection meant to last forever?

    Not really. After a brief partnership, the relationship is now in disarray. Musk was just recently “honorably” let go from his “position” at the White House’s agency DOGE, which now gives him more time to focus on his various enterprises, including Tesla. However, this was just the beginning of the conflict between the two ex-friends.

    Musk’s Criticism of Trump’s Budget Bill

    In multiple interviews that followed, part-time politician and businessman Musk took aim at the new budget proposal that Trump is championing. To sum it up, the legislation significantly slashes social and healthcare benefits, rolls back green energy subsidies, and provides expansive tax breaks that mainly help the wealthy. Plus, there’s an additional $300 billion earmarked for military expenses.

    It’s questionable whether Musk genuinely cares about the cuts to social security. His main concern seems to be the projected additional $2.4 trillion deficit that this legislation could create for the already burdened US treasury by 2034. As we all know, Trump isn’t one to handle criticism gracefully.

    The Clash Intensifies

    Trump remarked that Musk’s issue with the bill stemmed solely from the fact that it decreased subsidies for electric vehicles. He then wrote that substantial savings could be achieved by cutting government contracts with SpaceX. The “humble” Musk is now pushing Republicans to take his advice, pointing out that Trump has only 3.5 years left in his term, while he (Musk) “will be around for over 40 years.” He’s even calling for impeachment actions.

    As a result, Tesla’s stock dropped by more than 14% earlier this week, with the company losing $34 billion in value just on Thursday. The stock has seen a slight recovery since that dip.

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  • First Moonlander Electric Bulldozer with 15-Foot Remote Blade

    First Moonlander Electric Bulldozer with 15-Foot Remote Blade

    Key Takeaways

    1. Lumina has developed the Moonlander, the first battery-operated 32-ton bulldozer, capable of moving up to nine cubic meters of material daily.
    2. The Moonlander features a 15-foot blade, pushing double the material of traditional bulldozers, and has a footprint similar to a midsize Caterpillar D6.
    3. Equipped with 750 HP electric motors, the bulldozer can operate for up to ten hours on a single charge and charges rapidly, reaching 80% in 50 minutes.
    4. The bulldozer includes remote operation capabilities with 360-degree cameras, allowing for operation in challenging terrains and can receive updates over-the-air (OTA).
    5. Lumina’s strategy focuses on developing both hardware and software in-house, aiming for potential autonomous features using Nvidia chips and various sensors.


    Lumina, a startup focused on electric construction machinery, has created a prototype for the first battery-operated 32-ton bulldozer, capable of moving up to nine cubic meters of material each day.

    Introducing the Moonlander

    This innovative bulldozer, named the Moonlander, features a 15-foot blade that can push double the amount of a traditional bulldozer. It has the same footprint as a midsize Caterpillar D6 but can handle the load of a larger Caterpillar D9 machine, showcasing its impressive capabilities.

    Specifications and Charging

    The Lumina Moonlander is equipped with electric motors that deliver 750 HP and can operate for as long as ten hours on a single charge thanks to regenerative braking technology. The bulldozer charges rapidly, reaching 80% in just 50 minutes when using a 300 kW charger and takes about an hour and fifteen minutes to reach full charge. A quick 30-minute charge can bring a drained battery back to 50%.

    With its electric motors running, the Moonlander operates quietly, with sounds primarily coming from its 36-inch steel tracks and the material being moved, as shown in the video of the prototype below.

    Remote Operation Features

    This first 32-ton electric bulldozer includes 360-degree cameras, enabling it to be operated remotely in challenging terrains or dangerous environments. Furthermore, the remote control system can be enhanced through over-the-air (OTA) updates.

    Several major construction equipment companies, like Liebherr and Caterpillar, are developing electric mining trucks, dozers, and excavators, but these are typically retrofits of their diesel versions. For instance, Australia’s Fortescue is gradually replacing its 240-ton Liebherr T 264 haul trucks with an electric version that converts the diesel engine into a large 1.9 MWh battery pack.

    A Unique Approach

    Lumina has chosen to emulate Tesla by developing both the hardware and software in-house, allowing for the potential introduction of autonomous features in the electric bulldozer. This approach utilizes Nvidia chips and a variety of sensors that will be integrated into the machine. According to Lumina’s founder:

    “Waymo created all their sensors from scratch. Tesla built a car from scratch. And to achieve significant market penetration, I believe we must adopt the same strategy instead of just using off-the-shelf components.”

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  • Tesla’s Driverless Model Y Launching June 12, Roaming Austin Now

    Tesla’s Driverless Model Y Launching June 12, Roaming Austin Now

    Key Takeaways

    1. Tesla will launch its first robotaxi service in Austin on June 12, allowing rides in fully autonomous vehicles without drivers.
    2. The new Model Y has completed initial journeys with fully autonomous driving (FSD) activated, but public access starts on June 12.
    3. The robotaxi feature will be available in the Tesla app, with pricing details to be announced at launch, potentially offering lower fares than competitors due to the absence of drivers.
    4. If testing continues to be accident-free, Tesla plans to expand its robotaxi service to more cities later this year.
    5. By 2026, Tesla will allow vehicle owners to rent their cars to the robotaxi fleet, with Tesla taking a commission similar to ride-sharing companies like Uber.


    People in Austin, as well as visitors arriving after June 12, will have the chance to try out the first Tesla robotaxi service, which has been in development for several years. These won’t just be test drives; the vehicles that Tesla will put on the streets will be operating without drivers.

    The Model Y’s First Steps

    Elon Musk has confirmed that the new Model Y has successfully completed its initial journeys with fully autonomous driving (FSD) activated, with a Tesla staff member onboard in Austin. However, the public will have to wait until June 12 to use the Tesla robotaxi ride-share feature.

    Testing the Driverless Experience

    When asked if visitors to Austin could summon and experience a driverless Model Y using unsupervised FSD, Musk answered positively. The robotaxi option will be available in the Tesla app once the service launches, and that’s when the pricing for rides will be revealed.

    It’s still unclear how the pricing of Tesla’s robotaxi services will stack up against competitors like Uber and Lyft. However, since there will be no driver and only around ten Model Y pilot vehicles owned and operated by Tesla, it is likely the fares will be lower.

    Future Expansion Plans

    Musk noted that the recent days of testing a driverless Model Y in Austin have been accident-free, and if everything continues smoothly, Tesla intends to broaden its robotaxi service to additional cities later this year. By 2026, the platform will be accessible to vehicle owners who wish to rent out their cars to the robotaxi fleet for various durations in order to earn money, with Tesla taking a cut similar to Uber’s model.

    In June, Tesla is also set to make its first driverless delivery of a brand-new Model Y directly from the factory to its owner, as shared by Elon. This delivery will likely occur in Austin again, since Texas has relatively lenient regulations concerning self-driving vehicles compared to those that have a human driver.

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  • Tesla Provides Free 2-Day Trials for Model Y and Cybertruck

    Tesla Provides Free 2-Day Trials for Model Y and Cybertruck

    Key Takeaways

    1. Tesla is implementing zero APR financing for the Model 3 and a 1.99% interest rate for the new Model Y to increase sales during a potentially slow quarter.

    2. Sales in Europe have halved compared to last year, with stagnation also seen in the US and China, prompting Tesla to launch a new demo drive initiative.

    3. A new 48-hour test drive format for multiple models, including the Cybertruck, has attracted significant interest, with bookings filling up weeks in advance.

    4. The Cybertruck is facing high depreciation rates, losing an average of 38% of its value within the first year, which is unusual for electric vehicles.

    5. Concerns about the Cybertruck’s pricing and market perception have led to its rapid decline in resale value, affecting owner sentiment.


    After launching zero APR financing for the Model 3 and a 1.99% interest rate for the new Model Y, as well as reinstating free FSD transfers and extending discounts for military personnel, educators, and first responders, Tesla has come up with a creative approach to boost sales during what could be a sluggish quarter.

    Sales Challenges in Europe and Beyond

    In Europe specifically, Tesla’s sales have declined by half compared to last year, while sales in the US and China have also been stagnant, although the reasons differ. The possible elimination of the EV tax credit in the new budget bill might prompt buyers to act sooner, thus helping the quarter in the US. To support this, Tesla has rolled out a fresh demo drive initiative.

    New 48-Hour Test Drive Format

    For the first time, anyone can reserve a long 48-hour test drive with the Model Y, Model 3, Model S, Model X, and even the Cybertruck. Tesla made the announcement about the complimentary Model Y and Cybertruck trials over the Memorial Day weekend, and it appears to have resonated well, as bookings are now full for weeks ahead.

    Some showrooms are noticing that many current Tesla owners are reserving multiple test drive slots to experience the new Model Y or the Cybertruck for an extended duration before making a decision on an upgrade.

    Interest in the Cybertruck

    The Cybertruck seems to generate significant interest, as in many regions, the 48-hour test drives have been reserved for a month in advance. It’s still unclear if these will lead to actual sales or if people are simply curious. Recently, Tesla has also introduced a more affordable RWD Cybertruck model and started accepting trade-ins for the original Foundation Series trims, which are now over a year old.

    Unfortunately, the trade-in valuations Tesla offers to Cybertruck owners are not much different from what the first electric pickup is fetching in the second-hand market, which isn’t very high. According to Kelley Blue Book, the Cybertruck has seen a staggering average depreciation of 38% within the first year.

    High Depreciation Rates

    This figure applies to the priciest Foundation Series trim, which was priced at up to $120,000. Owners can lose over $40,000, which is about the cost of a new Model 3 AWD after the tax credit is factored in. The Cybertruck’s depreciation in just one year is significant, even by electric vehicle standards. Typically, electric cars lose around 60% of their value over the first five years, making the Cybertruck’s rate of decline unusual, especially when compared to the Rivian R1T, which depreciates only 30% in two years.

    “It used to be a bit of a status symbol, but now we’re noticing it’s not seen that way,” explains an industry insider, who also suggests that the Cybertruck may have been overpriced right from the start, which could shed light on its rapid drop in resale value within just a year.

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