A 2024 Tesla Cybertruck Foundation Series has just sold for $70,000 on Cars&Bids, showing just 5,200 miles (8,400 km) on the clock. If that sounds like a great price for one of the most hyped vehicles of the decade, it is – but not if you’re the one selling it.

The same Cybertruck sold on the same auction site last year for $146,500 when it had covered a mere 600 miles (970 km), meaning it’s lost more than half its value in less than 18 months.

It’s unclear whether that original owner paid the standard price or a $50,000 markup, as some commentators suggested at the time, but the MSRP stood at $101,995.

Related: Families Claim Tesla Door Handles Trapped Teens In Burning Cybertruck

The Foundation Series was Tesla’s launch-edition Cybertruck, the limited-run version that kicked off production late in 2023. It came loaded with luxury features, plus various unique badges and trim parts, such as sill inserts.

The first examples were offered only to early reservation holders and were supposed to be collector material. Well, that was the idea anyway. Fast forward to today and the tables have obviously turned. The new owner of this particular dual-motor, 600 hp (608 PS / 447 kW) truck just scored one of the biggest bargains in recent EV history.

The $70,000 sale price (listing here) undercuts Tesla’s own base MSRP of $79,990 for a new dual-motor AWD Cybertruck and shows just how far values have tumbled since the frenzy that greeted the electric truck’s debut. And this price fall is no freak event; used Cybertruck values have fallen across the board during 2025.

When the Hype Runs Out

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There are a few reasons behind the collapse. Early buyers paid sky-high prices to be first, banking on exclusivity and hype, but that buzz has cooled fast as more Cybertrucks hit the road and social media fills with real-world impressions.

The initial scarcity that drove those six-figure auction results has faded as production ramped up and deliveries increased. Add to that a shifting used-EV market and growing competition from the likes of Ford, Rivian, and GM, and it’s easy to see why resale prices have come back down to Earth.

Even the Foundation Series edition isn’t enough to hold depreciation at bay, and neither are the mods the seller added during his ownership, including a pricey black wrap, black painted lower body trim and 24-inch T Sportline CTM Monoblock forged wheels for $10,000, per the invoice.

For all its futuristic design and headline-grabbing performance, the market for Elon Musk’s electric truck is behaving like most others: early excitement followed by a sharp correction. But for anyone still dreaming of owning one, now might finally be the time to get their wallet out. The Cybertruck still turns heads, but its once-shiny resale value has definitely lost its gleam – and that means some great deals for buyers looking to get their hands on one.

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