No One Knows How Much a Used Tesla Cybertruck Is Worth, So One Dealer Is Using AI
Not sure how much a Tesla Cybertruck should cost on the secondary market? You’re not alone.
It’s not just customers who don’t know what a lightly used example of the buzzy EV should cost, according to Forbes. Even dealers are unsure, which is why some have resorted to using AI to price the battery-powered pickup.
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As recently as this spring, the Cybertruck was incredibly hard to come by. It took a while for production of the EV to get going, and because of this, early adopters willing to risk the wrath of Tesla by violating the purchase agreement’s “anti-flipping” clause were able to earn themselves a sizeable profit from impatient Tesla fans unable to cope with intense feelings of FOMO. In those first months, first-edition Cyberbeats were regularly selling for significantly more than their $120,000 starting price. One seller even had the gall to try and sell a barely driven example for $290,000, though it’s unclear if they were successful or not.
Well, those days are done. Despite claiming to have received over 1 million reservations for the Cybertruck—the company said would provide up to four years of demand—Tesla seems to have cleared its entire production backlog less than a year after the first Cybertruck rolled off the line. Because of this, you can now buy one without reservation, and have it in your possession in roughly a month.
Unsurprisingly, this has thrown the once-hot Cybertruck secondary market for a bit of a loop. With the EV no longer scarce, it’s hard to turn a profit on an EV that can now be bought for around $100,000, or less than the price of the first batch of special edition models. It would seem that sellers are struggling to adjust to the new market. Forbes talked to four dealers and all but one of them were still holding out hope for a tidy profit.
Most interesting (or puzzling), though, was one dealer in Los Angeles who was asking $135,000 for one of their Cybertrucks. They told the publication they had used AI to reach that price. It’s not clear what kind of market conditions would have made the model reach that figure, but when told that brand-new Cybertrucks could be had for significantly less, they recommend anyone looking for a more reasonable price buy directly from Tesla.
It should go without saying but don’t spend $135,000 on a Cybertruck, especially since the fully loaded Cyberbeast is still available for $122,235.
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