The Cybertruck frenzy appears to have reached its peak, with the first-ever model reportedly cleared for resale failing to find a buyer. This signals a potential downturn in the flipping trend, which saw some models fetching double their original price.
Despite considerable attention on the online platform Cars and Bids, the 2024 Tesla Cybertruck, priced at $120,000, failed to sell after attracting 19 bids. While bidding exceeded the initial purchase price, it fell short of meeting the undisclosed reserve.
Prospective buyers, wary of previous controversies, demanded proof of Tesla’s approval for resale, a requirement the seller allegedly failed to provide. This contrasts sharply with recent sales, including one at $244,500, indicating a waning interest in the Cybertruck.
As the excitement subsides, buyers are opting for traditional channels, securing reservations, and patiently awaiting delivery. However, questions linger regarding the seller’s legitimacy, highlighting the risks associated with speculative resales in the automotive market.
