Vehicle wholesaler Give Me The VIN claims Tesla Cybertruck values are dropping after its founder sold two at auction for under $200,000.
shot up in value as motorists were willing to pay a massive premium to skip the line. The spike was short-lived: two Cybertruck models traded hands for less than $200,000 at a dealer-only
John Clay Wolfe, the president and founder of a wholesaler called Give Me The VIN, bought an early Cybertruck for $210,000 and sold it for $244,000 in February 2024 — that's about $135,000 over the MSRP."I'm sure Elon is going to be upset, but at least we set the bar high for the value of his products," Wolfe commented after the sale.
One sold for $195,500 while the other brought $189,000. Clay added that a separate seller sold a Cybertruck for $191,000 during the same auction,. While these numbers represent a significant increase over the truck's base price, which hovers around $100,000 until cheaper variants begin rolling off the assembly line, they also represent a big drop in a short amount of time. It's difficult to predict where values will go from here: they could rise again, or they could keep dropping.
"We experienced a single week correction because people raced to be the first. Not sure where it's going to settle, but we've adjusted all of Give Me The VIN's offers onDemand for the Cybertruck will likely continue to outpace supply in the foreseeable future, but the market isn't as open as Clay claims.
Finding a used Cybertruck isn't impossible, but you'll either have to pay an out-of-this-world price or haggle. There are 11 used exampleson CarGurus, including at least four sold by private sellers. Pricing ranges from $199,450 for one with 398 miles to $279,000 for one with 333 miles , priced between $198,880 and $249,998.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla Crashes Into Tesla, Then Crashes Into Another TeslaAlso, another Tesla was involved but didn’t get mixed up in the crash.
Read more »
Tesla Crashes Into Tesla, Then Crashes Into Another TeslaAlso, another Tesla was involved but didn’t get mixed up in the crash.
Read more »
Tesla Cybertruck owners claim their 'stainless steel' cars are rustingSome Tesla Cybertruck owners are voicing their concerns over potential rusting on their new vehicles.
Read more »
Tesla Cybertruck First Look: Exterior and Interior ReviewWe get a close look at the Tesla Cybertruck at the Chicago Auto Show. It seems fairly usable as a truck, but there are design concerns.
Read more »
Tesla Cybertruck Owners Already Blighted By RustComplaints are trickling in about stainless steel rusting after a just few days in the rain
Read more »
Tesla Cybertruck's Wade Mode Tested in Flooded StreetsA YouTuber put the Tesla Cybertruck's Wade Mode to the test by driving the all-electric pickup through some flooded streets. Wade Mode raises the car's air suspension to its highest level and pressurizes the high-voltage battery for a maximum of 30 minutes.
Read more »