Tesla Cybertrucks Are Filling Up In Used Car Markets — But Would You Pay These Steep Prices?
Portfolio Pulse from Anan Ashraf
Used Tesla Cybertrucks are being listed for sale at premium prices, with over 145 listed on CarGurus and about 125 on Kelly Blue Book. Despite Tesla's attempts to curb resale, including a clause requiring Tesla's written consent for resale within a year of delivery, prices for used Cybertrucks have reached over $200,000. Tesla plans to deliver 250,000 Cybertrucks per year starting in 2025.
May 13, 2024 | 9:17 am
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The resale market for Tesla's Cybertruck is booming, with used vehicles listed at significantly higher prices than new ones. Tesla's efforts to curb this practice, including a resale clause and a potential penalty, highlight the high demand and limited supply of the Cybertruck. Tesla's plan to ramp up production to 250,000 units per year by 2025 may stabilize prices.
The high resale prices of the Cybertruck indicate strong market demand and limited supply, which could positively impact Tesla's stock in the short term as it highlights the popularity and potential profitability of the Cybertruck. However, Tesla's efforts to control the resale market and the plan to significantly increase production by 2025 could stabilize prices and demand, potentially normalizing the market dynamics.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100