Photo: Cars and Bids
The first-ever Cybertruck, reportedly cleared by Tesla for resale, did not sell. It might be an indication that the Cybertruck flipping frenzy has come to an end after some sold for more than double their price.
This 2024 Tesla Cybertruck must have been the most talked about vehicle ever listed on Cars and Bids. However, after a gazillion comments and 19 bids, the Cybertruck failed to sell.
The bidding did go over the price the seller paid for it. It is the Cybertruck Foundation Series, which is a $120,000 affair. The final bidding reached $158,000 and stopped there without meeting the reserve, information that the owner did not provide.
Those following the online auction and interested in purchasing the vehicle kept asking for documentation that showed that it was indeed cleared by Tesla for sale.
The seller did say he had it but did not show any proof of it, so this must have counted. We are talking about the model that sold for $244,500 about a couple of weeks ago when a Porsche dealership in Orlando purchased it and decided to re-flip it a few days later for over $290,000.
The Cybrtrucks that followed sold for much less than that, which shows an obvious decline in interest.
A Ford dealership bought another one and the Cybertruck even made it to Dubai, even though Tesla has only been delivering the model to customers in the United States since November 30. The one selling in the United Arab Emirates was way under what sellers ask for Cybertrucks across America: 520,000 Dirham, which translates to $141,577.
At the online auction on Cars and Bids, the price bidding reached $150,000 with three days to go. However, in the last three days, it only went up by $8,000 as the bidding started to lose pace.
It looks like the Cybertruck-mania has passed and people who want one decided to do it the right way: reserving, speccing, and waiting for the delivery of one.
It is, though, strange that the seller refused to sell his vehicle for $158,000, considering that it is $38,000 over the MSRP. Furthermore, having Tesla's approval to sell it, he would not be subject to paying penalties for reselling the Cybertruck as Tesla imposes on customers who decide to list their vehicles without having its written consent.
Those will have to offer Tesla $50,000 or whatever profit they make, whichever is greater, according to the purchase contract. So, did he really have the automaker's approval, or did he just turn out to make a profit from the car flipping?
The EV maker has already blacklisted a customer that tried to sell his Cybertruck without asking for permission. Furthermore, it also canceled the reservations that he had pending, and he will not be permitted to buy a Tesla ever again.
The bidding did go over the price the seller paid for it. It is the Cybertruck Foundation Series, which is a $120,000 affair. The final bidding reached $158,000 and stopped there without meeting the reserve, information that the owner did not provide.
Those following the online auction and interested in purchasing the vehicle kept asking for documentation that showed that it was indeed cleared by Tesla for sale.
The seller did say he had it but did not show any proof of it, so this must have counted. We are talking about the model that sold for $244,500 about a couple of weeks ago when a Porsche dealership in Orlando purchased it and decided to re-flip it a few days later for over $290,000.
The Cybrtrucks that followed sold for much less than that, which shows an obvious decline in interest.
A Ford dealership bought another one and the Cybertruck even made it to Dubai, even though Tesla has only been delivering the model to customers in the United States since November 30. The one selling in the United Arab Emirates was way under what sellers ask for Cybertrucks across America: 520,000 Dirham, which translates to $141,577.
At the online auction on Cars and Bids, the price bidding reached $150,000 with three days to go. However, in the last three days, it only went up by $8,000 as the bidding started to lose pace.
It looks like the Cybertruck-mania has passed and people who want one decided to do it the right way: reserving, speccing, and waiting for the delivery of one.
It is, though, strange that the seller refused to sell his vehicle for $158,000, considering that it is $38,000 over the MSRP. Furthermore, having Tesla's approval to sell it, he would not be subject to paying penalties for reselling the Cybertruck as Tesla imposes on customers who decide to list their vehicles without having its written consent.
Those will have to offer Tesla $50,000 or whatever profit they make, whichever is greater, according to the purchase contract. So, did he really have the automaker's approval, or did he just turn out to make a profit from the car flipping?
The EV maker has already blacklisted a customer that tried to sell his Cybertruck without asking for permission. Furthermore, it also canceled the reservations that he had pending, and he will not be permitted to buy a Tesla ever again.
Google News