Totaled Tesla Cybertrucks Are Already Going Up For Auction
Portfolio Pulse from Benzinga EV Insights
Wrecked Tesla Cybertrucks are appearing in salvage auctions, with at least two listed by Insurance Auto Auctions Inc. One truck has collision damage, while the other is a flood vehicle, raising questions about the Cybertruck's durability and insurance assessments.
June 25, 2024 | 4:00 pm
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Wrecked Tesla Cybertrucks are appearing in salvage auctions, raising concerns about the vehicle's durability and insurance assessments. This could impact investor confidence in Tesla's new product line.
The appearance of wrecked Tesla Cybertrucks in salvage auctions could negatively impact investor confidence in the durability and reliability of Tesla's new product line. This may lead to short-term downward pressure on TSLA stock.
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