Tesla Cybertruck Early Reservation Spots Fetch Big Bucks On eBay: Would You Pay $10K To Get Yours ASAP?
Portfolio Pulse from Chris Katje
Tesla Inc's (NASDAQ:TSLA) Cybertruck reservations are being auctioned on eBay Inc (NASDAQ:EBAY) for high prices, indicating strong demand. Some spots are selling for over $20,000. Tesla's production ramp-up aims for 250,000 units annually by 2025, but early models, like the Foundation Series, may exceed $100,000. Over one million reservations have been made, with third-party estimates nearing two million. Tesla has re-added a clause that could allow them to sue owners who sell the vehicle within the first year, making the sale of reservation spots potentially risky.
December 11, 2023 | 8:25 pm
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POSITIVE IMPACT
High auction prices for Cybertruck reservations on eBay suggest strong demand for Tesla's new electric truck, potentially boosting investor confidence in TSLA's future sales.
The high prices for Cybertruck reservations on eBay reflect strong consumer interest and anticipated demand, which could positively influence Tesla's stock price in the short term as it underscores the potential for significant sales revenue once the Cybertruck is fully launched.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
eBay is facilitating the auction of Tesla Cybertruck reservations, which could draw attention to eBay's platform and its role in secondary markets for high-demand items.
While eBay is the platform being used to auction the Cybertruck reservations, the impact on eBay's stock is likely to be neutral in the short term. The auctions may draw some attention to eBay's marketplace, but this event is a small part of eBay's overall business and unlikely to significantly affect its stock price.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50