This auction could prove to be incredibly important, not just for this Cybertruck owner but for many others too
4 hours ago
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A Tesla Cybertruck is finally up for sale to the general public on an auction platform and the details surrounding it are interesting. This seller, who bought the truck earlier this month, claims he’s exempt from Tesla’s anti-flipping policy that threatens to sue those who sell a Cybertruck within the first year of ownership.
Not only could that pay off big for him but it allows the buyer to skip the line and get a near-delivery-mileage Cybertruck almost immediately.
The Cybertruck turns heads in the real world and online, so it’s no wonder that some folks are lining up to get one as quickly as they can. Most of the big details about the truck are widely known. At this stage the biggest news surrounding this Cybertruck that’s being auctioned off at Cars&Bids is the seller’s claim that it is “exempt” from Tesla’s anti-flipping policy. When questioned about the validity of this claim, they provided a vague response.
More: Speed Cited As Cause Of Beverly Hills Cybertruck Crash
“The process to sell the Cybertruck within the first year for any unforeseen reason must be done in writing, and if Tesla agrees that your reason warrants an exception to its no reseller clause, you first agree to give them reasonable time to purchase it back from you at their sole discretion and price,” wrote the seller. “If Tesla declines to purchase it back or you decline their offer price, you then request in writing to resell it to a third party only after receiving written consent from Tesla.”
How they managed to convince Tesla that they needed to sell it sometime in the first two weeks of ownership is beyond us. Regardless, the buyer, whoever it ends up being, is going to get what Doug DeMuro calls a “cultural icon.” As a dual-motor AWD trimmed Foundation Series Cybertruck, it comes with 600 horsepower (447 kW) and up to 340 miles (547 km) of range per charge.
A window sticker included in the sale indicates that the original MSRP for this truck was $101,985. As of this writing, the high bid has already surpassed that and sits at $117,000 with a full week of bidding to go.
This auction on Cars&Bids has quite a lot riding on it. To date, Tesla’s anti-flipping policy seems to have benefited serious Tesla fans and customers who want the truck at MSRP. It’s clearly been far more successful at preventing flipping when compared to brands like Ford, Chevrolet, GMC, Dodge, and Porsche.
What say you, Elon Musk?
If Tesla did in fact exempt this seller from the policy, it might do well to explain why. Otherwise, future flippers might adjust their strategy to skirt the rules. If it didn’t actually exempt this sale it’ll almost have to come down hard on this seller to set a precedent.
On top of that, we’ll get an idea if the Cybertruck market truly has crashed as was surmised by one analyst earlier this month.
