The reason why the Tesla Cybertruck costs $100 thousand more

The reason why the Tesla Cybertruck costs $100 thousand more

A TESLA Cybertruck has hit a dealership’s showroom with a shocking sticker price.

Less than a month after going under the hammer, the sought-after Tesla Cybertruck is looking to fetch more than double its original sticker price.

A dealership in Florida took a bet, buying a Cybertruck at auction for $244,000.

The dealership bet the Cybertruck’s demand has outstripped supply, turning around and reselling the truck for $289,999, according to Automotive News.

That is a $45,000 upcharge from the auction cost.

The Cybertruck had less than 100 miles clocked in the odometer.

Tesla’s production Cybertrucks hit the market for the first time in November 2023.

At the launch event, CEO Elon Musk handed out ten copies of the electric pickup to drivers who had waited years for the company to fulfill their reservations.

Musk announced the Cybertruck would come in three model options, ranging from $60,990 to just under $100,000.

The Cybertruck on the dealership lot is over $180,000 more than the top-line model of the new car.

Tesla has goals to produce 250,000 copies of the Cybertruck annually, according to Electrek.

Tesla’s gigafactory in Texas is ramping up as the company plans to churn out the pickup.

But only a couple thousand pickups have hit American roads so far.

Several celebrities have also made their way up the Cybertruck reservation lists.

Kim Kardashian, Pharrell Williams, Jay-Z, and Lady Gaga are a few A-listers who have a set of the electric wheels.

The truck captured a massive cultural cache – speculation arose about future music pairings from Jay-Z and Lady Gaga’s new trucks.

Williams cultivated a group of gawkers in Miami, as the pop singer and fashion brand head struggled to parallel park the vehicle.

“Celebrities are skipping the line,” one Cybertruck fan complained on Musk’s social media site X, formerly known as Twitter.

It is not known when any of the celebrities entered their reservations for the truck.

The lack of Cybertrucks and the cultural power of the vehicles appear to have artificially raised the price of the angular vehicles.

Upward price shifts forced Tesla to add anti-resale provisions to purchasing contracts, according to Kelley Blue Book.

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