Photo: autoevolution, @techAU via X
Many Tesla fans who waited for their Cybertruck delivery were worried that the first owners would flip the trucks for profit. It doesn't look so since a new trend that is gaining traction looks far more lucrative.
Tesla delivered the first Cybertrucks to their owners during the Delivery Day event on November 30. The show was a little light in detail and left many people with more questions than answers. About a dozen Cybertrucks were delivered during the event, but that was not the end of it. Soon, many people were invited to configure a Foundation Series Cybertruck. Judging by their VINs, Tesla has already shipped about 500 Cybertrucks, which points to a reasonable production pace at Giga Texas.
However, Tesla amassed over two million reservations for the Cybertruck. Even if only one-tenth of them will follow through with their purchase, Tesla will be busy filling orders until at least 2025. Still, the interest shown in the Cybertruck has been massive, with people lining up at Tesla showrooms to see it in real life. This indicates that the Cybertruck might sell in greater numbers than skeptics thought it would.
With so much demand, some early buyers will certainly try to make a quick buck by flipping the Cybertruck. Tesla thought of this, too, because it enforced a non-resale policy that prohibits the owners of the Foundation Series Cybertruck from selling their trucks one year after delivery. This clause has an interesting story because Tesla appeared to give up on the clause, only to reinstate it again in the order contract.
According to the no-resale clause, if you sell the Cybertruck in the first year after delivery, you must pay Tesla $50,000 or whatever you gain from the sale if it's more than $50,000. This looks like an effective way of prohibiting people from flipping the Cybertruck, but it, in fact, incentivizes them to get creative. And creative they got, finding a way to milk even more money from their recently-delivered Cybertrucks.
Instead of selling the truck for a profit, some owners monetized it by renting it by the day at sky-high rates. If you google "Cybertruck rentals," you'll find plenty of offers, but it doesn't mean you can afford it. The rates started at about $500 per day about a week ago and are now trending around $1,000 per day. This proves that even at these rates, the demand is strong. For longer-period rentals, you can get a discount, but you will still pay at least $12,000 on a monthly rental.
It's easy to imagine that there is money to be made this way, and that will not change as long as the Cybertruck does not become as common as the Model S. People are dying to get a Cybertruck to show off at parties and celebrations. Those who got delivery of a Cybertruck now have a money-printing machine in their garage, easily covering the monthly payments for their truck. And the best part is that, in the end, they will have a Cybertruck that they didn't pay for.
However, Tesla amassed over two million reservations for the Cybertruck. Even if only one-tenth of them will follow through with their purchase, Tesla will be busy filling orders until at least 2025. Still, the interest shown in the Cybertruck has been massive, with people lining up at Tesla showrooms to see it in real life. This indicates that the Cybertruck might sell in greater numbers than skeptics thought it would.
With so much demand, some early buyers will certainly try to make a quick buck by flipping the Cybertruck. Tesla thought of this, too, because it enforced a non-resale policy that prohibits the owners of the Foundation Series Cybertruck from selling their trucks one year after delivery. This clause has an interesting story because Tesla appeared to give up on the clause, only to reinstate it again in the order contract.
According to the no-resale clause, if you sell the Cybertruck in the first year after delivery, you must pay Tesla $50,000 or whatever you gain from the sale if it's more than $50,000. This looks like an effective way of prohibiting people from flipping the Cybertruck, but it, in fact, incentivizes them to get creative. And creative they got, finding a way to milk even more money from their recently-delivered Cybertrucks.
Instead of selling the truck for a profit, some owners monetized it by renting it by the day at sky-high rates. If you google "Cybertruck rentals," you'll find plenty of offers, but it doesn't mean you can afford it. The rates started at about $500 per day about a week ago and are now trending around $1,000 per day. This proves that even at these rates, the demand is strong. For longer-period rentals, you can get a discount, but you will still pay at least $12,000 on a monthly rental.
It's easy to imagine that there is money to be made this way, and that will not change as long as the Cybertruck does not become as common as the Model S. People are dying to get a Cybertruck to show off at parties and celebrations. Those who got delivery of a Cybertruck now have a money-printing machine in their garage, easily covering the monthly payments for their truck. And the best part is that, in the end, they will have a Cybertruck that they didn't pay for.
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