It certain appears like lots of people are taking supply of their brand-new Tesla Cybertruck, realizing it’s type of ass and promptly itemizing it on the market. That, or they’re losers who purchased them simply to flip. Whatever the purpose, 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 offered 3,878 of the vans up till that time) we are able to moderately assume Tesla has offered someplace within the neighborhood of 6,500 vans up to now since its launch again in November of 2023 – that means nearly 4 p.c of all Cybertrucks ever constructed are on Autotrader alone proper now.
Issues get even worse if you have a look at different websites like AutoTempest, Automobiles.com, Fb Market and numerous on-line public sale homes. It appears that evidently there are in all probability near 300 Cybertrucks on the market on-line at this second, which – in my view – is way too many. That comes out to five p.c of all Cybertrucks being on the market on-line.
It isn’t like these Vans 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 worth 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 if you have a look at the most costly truck on Autotrader. It’s a Cybertruck Basis Sequence with simply 157 miles on it being supplied 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 offered 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, but it surely appears the used vans simply must generate extra curiosity to justify the excessive costs their short-term house owners are asking for.
Only for reference, Rivian has offered nicely over 20,0000 R1T pickup vans because it went on sale just a few years in the past, and there are simply 187 of these vans on the market within the U.S. proper now on Autotrader. That’s type of excessive, but it surely’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, but it surely certain looks like we’re heading in that route. Folks purchased these items hoping they might flip them for a revenue, and whereas it appears to be working for some of us, that’s beginning to appear an increasing number of 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 yr of possession. Tesla not too long ago threatened to sue a Cybertruck proprietor and cost him $50,000 if he tried to promote his automobile as a result of a way of life 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 to promote the Automobile inside the first yr following your Automobile’s supply date. However the foregoing, in case you should promote the Automobile inside the first yr following its supply date for any unexpected purpose, and Tesla agrees that your purpose warrants an exception to its no reseller coverage, you conform to notify Tesla in writing and provides Tesla affordable time to buy the Automobile from you at its sole discretion and on the buy worth listed in your Closing Value Sheet much less $0.25/mile pushed, affordable put on and tear, and the associated fee to restore the Automobile to Tesla’s Used Automobile Beauty and Mechanical Requirements. If Tesla declines to buy your Automobile, chances are you’ll then resell your Automobile 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 reduction to stop the switch of title of the Automobile or demand liquidated damages from you within the quantity of $50,000 or the worth acquired as consideration for the sale or switch, whichever is larger. Tesla may additionally refuse to promote you any future automobiles.
