Despite Tesla’s attempts to prevent Cybertruck owners from returning their electric pickup trucks, a Porsche dealership in South Orlando got one.
Sold for the outrageous sum of $289,999, this 77-mile Foundation Series was allegedly purchased from the Manheim auction site, where it sold for $244,000, more than double the base retail value of this special edition.
The Cybertruck was placed in Manheim through Givemethevin. com, who were given the Tesla after making several requests to purchase one. The company’s CEO, John Clay Wolfe, shared on his YouTube channel that 30 Cybertruck owners Givemethevin. com asked if they could buy their desired truck, but they all turned it down for fear of a $50,000 resale fine from Tesla.
“We kept expanding our service offerings until we finally got one,” Wolfe said. The vehicle was initially purchased for $210,000, earning the company a hefty profit of $34,000.
The Cybertruck’s sales contract stipulates that owners who sell will be fined $50,000 or “the won of the sale or transfer, whichever is greater. “This means that the original distributor may lose the significant profit they made.
Fellow YouTuber DennisCW says several attorneys ask him if this rule applies, and many agree that it doesn’t. “We’re talking about liquid damage, and it’s literally hard to prove that at a resale. I don’t know if Tesla went after other people [for this], but banned them from buying their vehicles. Maybe that’s not a smart thing to do. “Wait for Tesla to sue several of his customers,” he said.
Wolfe believes the Cybertruck sauce exercise arguably wouldn’t last and pointed to the GMC Hummer EV pickup truck as a preview of what’s to come. When the reborn electric Hummer arrived, some Edition 1 models sold for as much as $325,000. It has declined and the market has cooled considerably. Wait a few months and Tesla’s new prodigy will deserve to do the same.
If Tesla wants to prevent people from reselling its new vehicles, the company could follow Porsche’s lead. 911 S/T buyers will be forced to lease their cars for 12 months before purchasing them, preventing any opportunistic investors from making a quick buck on a car designed for enthusiasts to enjoy.