It has been almost two years since Elon Musk and Tesla released the Cybertruck after several years of delay, and it is only now that the clean energy company is accepting trade-ins for the electric pickup that would give owners their money back.

During its early adoption, many Cybertruck owners were unsatisfied with the electric pickup and wanted to sell them but were prevented by a clause that could have them legally fined.

Now, owners may directly trade in their Cybertrucks to Tesla, but there is already a massive rate of depreciation for its value looming over their heads.

Tesla Cybertruck Trade-in Now Open for Owners

InsideEVs shared a report confirming that Tesla has now opened the Cybertruck trade-ins that allow owners to directly return the electric pickup and get their money back in the process. Through this, users may sell the electric car back to the company and receive a part of what they paid for the car when bought brand new as all Cybertrucks are only available to purchase directly via Tesla.

This follows the infamous "For Cybertruck Only" clause in the agreement that prevented users from privately selling their Cybertrucks directly to interested customers. This is also known as being the reason for the trade-in program's delay.

Cybertruck Depreciation: Is Private Sale Allowed?

However, it is important to note that the Cybertruck has a massive depreciation rate for trade-ins or resales, with the electric pickup known for its numerous issues that severely affected many owners since it was made available in November 2023.

In addition, Tesla had done many voluntary recalls, alongside those requested by the National Highway Traffic Safety Administration (NHTSA) for the various issues of the pickup.

Business Insider reported that one owner who purchased a 2024 AWD version of the Cybertruck for $100,000 and had already driven it for 19,623 miles received a quote for $63,100 trade-in to Tesla, which is a 37% depreciation.

For owners who already owned the Cybertruck for more than a year, they may resell their cars for a higher profit as private transactions, but the clause remains depending on their purchase period.

Cybertruck's Infamous Resale Clause

Back when Tesla was rolling out the Cybertruck to owners that have preordered the truck years ahead, a resale clause was spotted in its purchase agreement that said owners are not allowed to sell the vehicle in their first year of ownership.

In the clause, it stated that owners who opt to sell the Cybertruck would be fined with $50,000, which is almost half the price of a brand new one.

Later on, this specific clause in the purchase agreement was removed by Tesla, giving owners who found the electric pickup unsatisfactory a chance to sell the Cybertruck, but this did not last long. Almost a month later, Tesla brought back the resale clause that could hold users accountable for selling the brand-new electric pickup at the time with a massive fine looming over their heads.

Tesla did not reveal the exact reason why it included a resale clause for the Cybertruck but not for its other EVs, but it was speculated to be a way to boost its sales, avoid scalpers, and maintain the brand's integrity.