It positive seems like lots of people are taking supply of their brand-new Tesla Cybertruck, realizing it’s form of ass and promptly itemizing it on the market. That, or they’re losers who purchased them simply to flip. Whatever the cause, there are presently 232 nearly-new Cybertrucks listed on the market. Performing some tough math (including collectively a brand new Electrek report that Tesla delivered about 3,000 Cybertrucks in Could and an April report that Tesla had bought 3,878 of the vehicles up till that time) we are able to moderately assume Tesla has bought someplace within the neighborhood of 6,500 vehicles to this point since its launch again in November of 2023 – that means nearly 4 % of all Cybertrucks ever constructed are on Autotrader alone proper now.
Issues get even worse while you have a look at different websites like AutoTempest, Automobiles.com, Fb Market and varied on-line public sale homes. Plainly there are in all probability near 300 Cybertrucks on the market on-line at this second, which – for my part – is much too many. That comes out to five % of all Cybertrucks being on the market on-line.
It isn’t like these Vehicles are low-cost both. Regardless of the obvious lack of used demand, the most affordable Cybertruck on Autotrader proper now continues to be $111,000 for a truck with 2,500 miles on it at a seller in Florida. That value is greater than what the Cybertruck retails for from Tesla ($80,000 for the AWD and $100,000 for the Cyberbeast). We’ve actually misplaced the plot right here, haven’t we?
It will get even wilder while you have a look at the costliest truck on Autotrader. It’s a Cybertruck Basis Collection with simply 157 miles on it being provided for an eye-watering $190,000. Who’s shopping for this shit? Not many individuals, apparently.
Simply final week, a top-of-the-line Cybertruck Cyberbeast with 200 miles on the clock bought on Automobiles & Bids with no reserve for $135,000 with 15 bids and simply 5 critical bidders. A brand new Cybertruck from Tesla could have a years-long ready checklist, nevertheless it appears the used vehicles simply must generate extra curiosity to justify the excessive costs their short-term house owners are asking for.
Only for reference, Rivian has bought properly over 20,0000 R1T pickup vehicles because it went on sale a number of years in the past, and there are simply 187 of these vehicles on the market within the U.S. proper now on Autotrader. That’s form of excessive, nevertheless it’s a much more regular quantity for the Cybertruck’s chief competitor.
It’s in all probability too early to say that the used Cybertruck market is oversaturated, nevertheless it positive looks like we’re heading in that course. Folks purchased this stuff hoping they might flip them for a revenue, and whereas it appears to be working for some of us, that’s beginning to appear increasingly more just like the exception than the rule. It’ll be fascinating to see the place used Cybertruck costs find yourself as Tesla continues to pump them out and provides cheaper variants.
These of us appear to care not a lick for the potential penalties of promoting a Cybertruck inside the first 12 months of possession. Tesla just lately threatened to sue a Cybertruck proprietor and cost him $50,000 if he tried to promote his automobile as a consequence of a life-style change. The corporate features a no resellers clause, which guarantees woe to those that cross the mighty T:
For Cybertruck Solely: You perceive and acknowledge that the Cybertruck will first be launched in restricted amount. You agree that you’ll not promote or in any other case try and promote the Car inside the first 12 months following your Car’s supply date. However the foregoing, in the event you should promote the Car inside the first 12 months following its supply date for any unexpected cause, and Tesla agrees that your cause warrants an exception to its no reseller coverage, you conform to notify Tesla in writing and provides Tesla affordable time to buy the Car from you at its sole discretion and on the buy value listed in your Remaining Value Sheet much less $0.25/mile pushed, affordable put on and tear, and the associated fee to restore the Car to Tesla’s Used Car Beauty and Mechanical Requirements. If Tesla declines to buy your Car, it’s possible you’ll then resell your Car to a 3rd occasion solely after receiving written consent from Tesla. You agree that within the occasion you breach this provision, or Tesla has affordable perception that you’re about to breach this provision, Tesla could search injunctive aid to forestall the switch of title of the Car or demand liquidated damages from you within the quantity of $50,000 or the worth obtained as consideration for the sale or switch, whichever is larger. Tesla may refuse to promote you any future automobiles.
