Tesla Cybertruck Auctioned For $244,000, And The Buyer Appears To Be A Porsche Dealer | Carscoops
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That’s six figures above its MSRP or more than double the price, but the question is if the seller will actually get the profits
February 28, 2024 at 18:01
A Tesla Cybertruck recently popped up for sale over on the Cox Automotive’s wholesale site, Manheim. It sold for more than double its MSRP, fetching over $120,000 above retail price, to Porsche of South Orlando. The question now becomes what happens to that excess profit and if this sale will influence other Cybertruck owners.
The truck in question went over the auction block today, February 28th, and the winning bid came in at $244,000 from a Porsche dealership. The truck itself was one of the Foundation Series trims with all-wheel drive and a base price of about $120,000. Selling for beyond two times that amount says a lot about how much at least a few people wanted to pick up this pickup.
It could also be a big boom to the seller’s bank account in terms of profit. That might not end up being the case though. Tesla has an interesting clause in its Cybertruck sales paperwork though that requires all buyers to request a buyback of their truck if they want to sell it. Only if Tesla refuses to buy the truck back can the buyer then resell it themselves according to the paperwork.
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Photo @Nic Cruze/X
Those who violate this order risk a $50,000 penalty imposed by Tesla OR, and this is the important part some seem to miss, “the value received as consideration for the sale or transfer, whichever is greater.” In effect, Tesla could try and come after that $124,000 made in profit over the cost of the base Cybertruck AWD Foundation Series.
To date, there’s no record of a resale or of Tesla attempting to enforce its policy – and frankly, no one knows how that could play out in court if someone decides to contest it legally.
This sale could spur other Cybertruck owners to try and strike it big though. If they do, it could in turn trigger action on the part of Tesla. At this point, it appears as though Tesla’s move to eliminate markups and flippers has worked far better than the limp-wristed attempts from GM, Ford, and Stellantis to accomplish the same goal.
Image Credit: Cybertruck Owners Club
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