Posted on 03/23/2024 6:43:50 PM PDT by nickcarraway
Why even order a Cybertruck if you can't immediately flip it for twice what you paid?
Even before deliveries of the Tesla Cybertruck began, the electric automaker made it clear that it would be a long time before it was produced in anything other than extremely limited quantities. That meant that if you were one of the few who had pulled yourself up by your bootstraps hard enough, you stood to make quite a bit of money auctioning yours off to the highest bidder. The latest failed attempt to do so, this time on Cars & Bids, has us worried, though.
Bidding on the 2024 Tesla Cybertruck Foundation Series definitely started off strong. By the end of the first day, it had already crossed the $100,000 threshold, and if bidding had continued at that rate for the rest of the week, we would have been looking at a final sale price of more than $700,000, netting the seller a significant, well-deserved profit.
Cheryl Hines' First Ride : A Dodge Dart Swinger Without A Radio Unfortunately for the flipper, bidding on their 70-mile Cybertruck quickly slowed down, with day two only seeing the highest bid rise to $133,000. Day three saw the price rise to $150,000, almost assuring a final selling price north of $200,000. And yet, for some reason, those big bids never appeared, and the auction ended at $158,000, presumably well short of what we can only assume was a very fair reserve price.
With an original price of $101,985 after destination, that $158,000 bid would have meant a mere $56,000 profit for the seller, so we’re not surprised they “weren’t quite able to close the gap.” After all, taking less than twice what you paid for a truck you barely even drove would simply be insulting. It’s a Tesla Cybertruck Foundation Series, not a Ford F-150 Lightning. Maybe it’s time to accept that people just don’t want to pay $200,000 for a Tesla Cybertruck anymore.
I can't imagine why not...
I saw the truck in person. It’s ugly.
Be a shame if the ChiCom investment in EV plants in Old Mehico turned to excrement.
No thanks though. I'll keep my paid-off 2015 Tacoma 4x4.
Yes it is.
“a mere $56,000 profit for the seller”
WTF?
Sounds like a good payday.
Take the money and run. [See if the IRS knows...]
It looks useless compared to a gas F150.
I saw my first North Idaho Cybertruck today. It’s so ugly it’s kind of cool.
Our son in Silicon Valley sees many every day now. Big money flashing their hottest new toy. He spotted the first test vehicle a couple years ago.
Why pay full price when you can wait for the government to tilt the playing field and offer some type of subsidy to buy the inferior E.V.?
Day three saw the price rise to $150,000, almost assuring a final selling price north of $200,000.
If I had the money, I’d buy one! Matte Black sounds like good choice. But I’ll keep my ICE truck for off-road as I’ve yet to see a charging station when I’m out on dirt 4x4 roads. When is Biden installing them?
Yeah, I heard Don Lemon wants one for free.
I’ll eventually get one but I’ll still keep my F-150.
Now that looks like a truck, not a steroidal DeLorean.
I may be wrong here but when it was introduced way back I thought the price was gonna be 70k and cheaper if you took the less equipped version. Obviously that was wildly optimistic when it finally got into albeit limited production.
“I don’t want no stinking Tesla Cybertruck.”
“I don’t want NO stinking EV, PERIOD!”
If I live another 84 years, “Don’t fence me in,” I will only drive an electric golf cart, on the golf course.
Since when is flipping with no added value a form of "well-deserved profit"?
You are trusting leftist Jalopnik for news? Hint. They don’t like Elon. The Cybertruck has rear wheel steering and steer by wire. If you are into technology like I am there is no vehicle currently like it. I just got to convince my wife to let me buy one🤣.
Well deserved? What a warped sense of value or just about anything else. That's just plain nucking futs.
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