Waaahhhh I made a bad financial decision and no one wants to bail me out at a 20% loss.
Lol. Lmao even.
this post was submitted on 05 Jan 2025
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Class-action lawsuit and maybe try not being be an idiot next time
From the article:
The Cybertruck owner listed his truck for sale for $89,000. He thinks this is a fair price [...] if you added every optional extra that Tesla currently offers for the Cybertruck, given the $7,500 tax credit and the $2000 referral discount, (a brand new 2025) Cybertruck will still only cost around $86,000.
Nobody with a brain would pay more for a used vehicle. It's not a collectible. "Founder's edition" nowadays means "beta version" and it's not something that's worth more.
I can think of one way to get rid of it. Saw it on the news last week. He's probably not going to like it.
Musk said it will be back on the road in no time. I don't think it's going to be quite that easy.
Just take a bulldozer and push it on the street. Still drives as reliable as before.
At least the driver was kind enough to drive it to Musk's assistant's place of business.
Aren't you literally not allowed to resale a Tesla (RIP First Sale doctrine)
It's a real problem to get rid of Leon Musk too. So this is intentionally.
...he has driven and sold over 40 exotic cars, and the Cybertruck is the one vehicle he is having the most trouble finding buyers for.
Not saying the Cybertruck is a good thing, personally IDGAF about it, but calling this guy merely "a cybertruck owner" is bullshit. He's a guy who makes money buying and selling expensive vehicles, and he's whining about a deal that hasn't worked out for him. Poor baby.
the shitposter in me wants to say that this isn't a problem you find a solution to, its karma for doing business with the devil.
Fuck tesla in general, but this isn't even that. It's the cost of early adoption. The founder's edition of basically anything is going to be more expensive and less refined than following versions. Once production picks up, nobody really cares about used first runs because it's more of a show-off piece. He's just realizing that the number of people who fawn over his steel box isn't enough to justify keeping that piece of shit.
many tesla owners have unfortunatley discovered that the brand value on the market is heavily attached to the personal reputation of elon musk,
There is a Tesla dealership near my house that has a lot full of them. A ridiculous number. It seems that Tesla is struggling to get rid of them. Hard to believe that there is not a huge market for electric dumpsters sold by a conspicuous asshole.
I thought Tesla’s business model was to not have dealerships? Don’t you order Tesla’s online? Or are these second hand?
Dealerships for other brands in the US are independent privately owned enterprises not owned by the major auto makers.
Tesla doesn't have dealerships in this sense. They do have corporate owned locations in some states where they are allowed to sell directly to consumers however that is only some states as laws prohibit automakers from selling directly in many.
I don't, but know I've definitely seen Tesla dealerships. They have full Tesla branding so I always assumed they were related to the company and not third party.
I don't know. I assume it is either a dealership or a lot for the storage of inventory. They have multiple other Tesla models as well. It hasn't been there long and isn't labeled in Google maps. The photos in street view are years out of date and show buildings that were torn down.
Play stupid games...
“I've owned it for 8 months. It is depreciating like a rock. I have already lost over $20k in 8 months. I want to cut my losses and move on, but I can't give this thing away unless I lower the price to probably $79k. Sucks.”
This right here sums up the unrealistic expectations of the average Tesla owner. Cars immediately depreciate the moment you drive them off the lot, no car is immune to this. The average new car loses 10% in the first month after buying it. It loses over 20% in the first year. For those who are playing along this track's with exactly how much this doofus has "lost" on his truck.
Also funny that he talks about the price depreciation, while complaining about not being able to sell it. How do you want to sell a buyer on "this will depreciate quickly in price, but please pay a price notably above current market prices"
Dumb people do dumb things. News at 11.
The average new car loses 10% in the first month after buying it. It loses over 20% in the first year.
The theory behind this is that you'd only be selling a slightly used car if it was a lemon. The exception to the rule is resellers who already have a buyer lined up when they take possession of the vehicle.
But because Musk-o-philes are all Bitcoin brained and cannot conceive of prices ever going down, they're routinely shocked to discover that cars are for driving and not for speculating.
Anything's for speculating if you're dumb enough.
No, I'm not eating $2000 worth of fast food, I'm investing. People will pay 10x that for recently deceased human organs, and I'm using my money to unlock that earning potential
Tesla's have the absolute worst resale value compared to ICE, PHEV or Hybrids. Batteries degrade over time and with increased usage, so by the time you try to sell a Tesla that's a few years old, a lot of the advertised maximum capacity has escaped from that battery and the cost of a replacement likely exceeds the value of the entire used car.
Two of my coworkers got fantastic deals on used Tesla's because they go for so cheap on the secondary market and California is awash in them so there's always someone somewhere trying to get rid of theirs and usually for less that what it would normally blue book for.
Though I'd say this one takes it to a whole new level because of a few extra factors:
- Pre-orders were priced for exclusivity. Iirc, Tesla was having a lot of production/inventory issues when the pre-orders were collected. I'm not sure how much the deposits were, but they'd have added some sunk cost to the situation, making it harder to walk away when it might have been clear that they would be a shitshow. No one has a deposit on anyone's used cyber truck to add incentive to pay the rest.
- Elon's reputation hadn't sunk so low when pre-orders were made. Iirc, it was after the whole submarine/pedophile thing, but it seems that many didn't see the writing on the wall from that event.
- They turned out to be pretty bad. Other Teslas have and had issues but the cyber truck has had some particularly embarrassing ones for a truck. Like not handling rain or sand well.
- It looks so unique that it doesn't really fly under the radar. The two other very hated vehicles I can think of off-hand, the PT Cruiser and the Aztec, were ugly but still looked similar enough to other vehicles that many people didn't know what they were or that they were so unpopular. People could buy one before they realized, and it was easier to not care what others thought. The cyber truck looks like a 90s video game truck in a time when memes reach many more people, to the point where openly laughing at cyber trucks you see in RL might be a meme.
- Cars and trucks are expensive in general, but this one is on another level. While I might be behind on inflation, the price is comparable to a mid/low-end Porsche (~80k for a boxter, ~120k for a 911 is my benchmark, though it's old but it's also CAD, so maybe it works today for USD). A) why would someone want that more than a Porsche? B) most people can't afford a Porsche.
Not to mention the people Elon is pandering to these days either have trouble affording his vehicles without a dealer trying to convince a bank to take the loan, or can easily afford it but have money in part because they don't spend it on stupid shit like a cyber truck.
All of that on top of the usual depreciation.
Not to mention the stainless steel it's made of is not even the type that resists rusting. Did you see the state of the Cyber truck that MKBHD sold? It look like a fucking derelict prop from a post-apocalyptic movie set.
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"I can't give this thing away."
FTA: He's not trying to give it away. He's expecting last year's used market value for it, but it's steadily depreciating. Someone offered him 50k for it. He overpaid for a new car.
Pretty much, guy's just being a Karen. "Broken TV from the 60's, 500 dollars. Don't low ball me, I know what I have."
Apparently Elon unfollowed MKBHD after he posted selling his Founders Cybertruck at a $50K loss and saying the Rivian RT1 was a better truck lol.
Oh no! Did he huwt the widdle man's feewings?
I refuse to believe you can't find a Bigger Idiot to buy your used Cybertruck.
Not for the ridiculous price he's trying to sell it for.
you can buy a brand-new Cybertruck straight from the manufacturer cheaper than Sledder is asking to sell his used truck.
Wow I wonder why there's no takers
The paint job is totally worth the extra 19k you guyse!!!!
The article says there's a madman offering 50k cash for it. Poor soul.
Actually 50k sounds a lot closer to reasonable for a somewhat used car that currently sells new for 80k'ish. Of course, I'm saying that in the hypothetical generic car vacuum, not the actual "electric dumpster" reality.
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Remember? The value of an item is what you get paid for, not what you want to get from it.
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"can't give this thing away unless I lower the price to probably $79k. Sucks."
A brand new AWD CT from Tesla is $79,990.
Headline is clickbait. Seller is a whinger. Trash all round. Saved you a click.
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Park it front of a hotel with something something has a fuse
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