34 percent depreciation after one year and 6,000 miles
Multiple signs from the last two quarters indicate that sales of Tesla vehicles are declining more sharply than ever. The company is struggling to sell the Cybertruck in particular, as its perceived value has started to plunge.
In the first quarter of 2025, Tesla saw the biggest sales decline in its history. A January report showed that its year-over-year sales fell by half in Europe overall and by 70% in Germany despite rising sales of other EV brands. In February, sales dropped by 49% in China as the company reported its lowest numbers since 2022. Last month, Chinese EV automaker BYD outsold Tesla in Europe for the first time.
Hilarious and deserved. They should have built something useful instead of overhyping a truck that can’t do truck things and gets bricked by rain or broken latches.
What sucks - I fund this abomination because as a US citizen I cannot buy cheap byd because they keep them out to prop up Tesla shit
Wdym?
I know they’re not cheap but there are way better options now: Hyundai, Volvo, Rivian, etc are making EVs. Hybrids (especially plugin) are available from some of the most reliable companies, ie Toyota.