Tesla has just run out of Cybertrucks. Most likely, the news is going to resuscitate the resale despite the automaker's policy against it, just when we thought it was over for good. The electric pickup truck is sold out until 2025.
Several Tesla Cybertrucks failed to sell on auction websites for prices way under what a Porsche dealership paid for one, for instance. That was $244,000. The dealership eventually tried to re-flip it for a jaw-dropping $290,000.
Tesla is pushing new orders to a delivery timeline now set for next year. No potential customer that orders a Cybertruck today will be able to have it delivered in 2024. However, this dismisses the rumors according to which the waiting times for the model were up to five years. Pushing orders a year back is happening despite the fact that the Giga Texas has ramped up series production. It is, though, still far from its projected capacity.
Tesla, however, posted its first annual drop in sales since the first year of the pandemic. The carmaker reported rolling out 433,000 vehicles but only delivered 387,000. But the company still brags about the Model Y being last year's best-selling car worldwide, with over 1.2 examples sold.
To spread the news, Tesla has sent the Cybertruck on a road trip across America, towing a trailer with a glass case that contains a Model Y. The two of them spent the weekend in New York City, reaching the most popular sight-seeing spots of the Big Apple. Tesla documented the itinerary on its X account.
With the brand advertising for the Model Y just as much as for the Cybertruck, despite their no-advertising policy, no wonder that they have run out of electric pickup trucks and having sold its whole production capacity for the entire 2024.
Photo: Tesla
But customers did have reasons to give their reservations up along the way since Tesla unveiled the Cybertruck back in November 2019. Exactly four years later, the price went up, and the range went down. When he first announced the arrival of the Cybertruck, the starting price was of only $39,900. Now, the model starts at $60,990, which is quite a price hike.
A seller claimed he had Tesla's approval to sell but failed to prove it
However, the price does not seem to keep customers away, as firm reservations have been piling up. Moreover, those who were unable to get their hands on a brand-new Cybertruck did the next best thing: buy one on the used car market. More and more owners have been flipping their Cybertrucks online.
One of them even claimed that they had Tesla's consent for the transaction. However, despite people insisting in the comments section, he failed to show proof of the approval from the carmaker.
According to the purchase contract that every owner has to sign to get a Cybertruck, whoever wants to get rid of the vehicle during the first year after the purchase must first contact Tesla and give them a chance to buy it back. If they sell it to their customers, they will have to pay a financial penalty of $50,000 or the profit coming out of the sale, whichever is greater.
Trying to buy the Cybertruck on the used car market is understandable, considering that, once a customer tries to place an order on the official website, Tesla announces that any order placed today won't be fulfilled until next year.
But 2025 is the year when the automaker will roll out the single-motor Cybertruck, which will be way more affordable than the Foundation Series that it is selling now, at $60,990.
But the performance and range are the explanation for the lower price: it does the 0 to 60 mph run in 6.5 seconds and can travel as far as 250 miles (402 kilometers) before it needs to be plugged in again.
To meet the demand, Tesla hopes to reach an annual production of 250,000 starting next year.
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