It’s Impossible to Get Rid of a Tesla Cybertruck. I Want to Cut My Losses and Move On, but I Can't Give This Thing Away. I’ve Lost So Much Money Already; Help!

It's all about price. The seller needs to get real and bring the price down to at least 10k below the price of a new one and be willing to negotiate from there. His reason for selling, to avoid further depreciation, doesn't ring true. The best thing he could do is keep it, drive it and bring his cost per mile down unless there's another reason for wanting to sell it that he's not telling us

It's not so unusual that the truck cannot find a buyer. It's ugly.

I've been waiting to purchase a Cybertruck and I suspect the time is FAST approaching. Keeping my finger's crossed - but if it's going to be "coated" it's got to be either red or brilliant purple.

So he’s selling just because it’s depreciating?? Guess he thought it’s like a stock and gains in value? Sorry it’s just a vehicle and all vehicles depreciate.

Advice, don’t buy a vehicle thinking it’s going to go up in value.

Telsa cyber truck will rust, it isn't lovely, and a lot of people do not like Musk. look at Las Vegas

Consider it tuition.

Cry me a river, if you want to give it away, let me know, I'm sure it's not impossible to give it away 😉

Fill it with fireworks & detonate it for the insurance. Our former & future president will praise you for it.

These aren't bought by serious collectors or for actual truck needs

They are bought by cred seeking magas looking to "own the libs"

I am so owned now 😅

When a man who says that he's driven and owned 40 exotic cars says that he can't give away a cybertruck, what he really means is that he can't find anyone willing to give him what he wants for it - and that is not even close to the same thing.
First Rule of Selling: Something is only worth what someone else will give you for it.

My thought is to keep it real about the reason you want out. We've got a 2022 Audi eTron that's worth less than 50% our purchase price. So, crying about accelerated depreciation on an asset class known to have this issue seems ignorant or disingenuous.

Sorry Sledder, that's called "early adoption" and it's very common. First LED TV's were $10k and now I can pick one up for $350. You're just not very bright my friend and hopefully you'll learn from this very expensive experience.

I was taught in school 40+ years ago, plan on a new car loosing ⅓ of its value the moment you drive it off the lot.
Negotiating to pay near invoice price has helped my values hold up better.
I would think getting a foundation series (essentially paying above sticker) would be about the worst thing you could do. I assumed everyone paying extra to be first just really wanted one, and knew there was extra cost.

The wrap lowers the value because it rusts the body if it's installed with water-based adhesive. Basically this guy wants to sell a used, probably rusty truck with one year gone from the warranty (which we've already seen you definitely will need) for more than a brand new one with better features.

This is why you shouldn't be an early adopter unless you don't care if you lose your entire investment.

He's trying to sell it for far more than it's worth. It's not impossible to sell, he's just having a hard time finding a sucker.

Whole"article" subsided in two sentences.

So let me get this straight.... he wants to sell his vehicle for MORE than the current market price of a new vehicle, and he wonders why he can't sell it??

That's not at all "being unable to give it away", sigh.

Hey can you get me in touch with this seller?? I’d like to make him a serious offer.

Thanks I messaged you on twitter

Guess you could drive it to the front of a Trump Hotel and blow it up.

A vehicle is a very large expenditure. One should proceed in a very sober state of mind when purchasing something as expensive as the Cyber truck. New vehicles plummet in value quickly after the sale. Buying a new car, then quickly regretting the purchase is a quick way to lose a lot of money. You should always think carefully before buying a high cost brand new vehicle. Be careful with your money. I know it doesn't sound cool, but this is pretty good advice.

The CT seller is counting his fees and taxes in his losses, even though the next buyer will also have to pay those.
Right now he is listing his CT about $15k less than his MSRP. New vehicles general depreciate about 30% once leaving the lot, plus the standard 25 cents per mile further reduction. The wrap has no value, it's a modification. Mods have no value.
So he isn't 'giving it away'. I'm fact his pricing is much too high.

Don't buy what 95 percent of the population think is a hideous abomination in the first place. People that paid so much for this thing are now facing the consequences of their decisions.

When you get involved with Elon Musk, what do you expect?

I'll give you $1.00 for it
I should get maybe $50.00 as scrap.

I'll give you $1.00 for it
I should get maybe $50.00 as scrap.

This is a laughable "white people" problem. Seriously.. he even spent an extra $5k on the wrap. How can you expect to recoup your "investment". Your can't because it's a truck. They all lose value. This one in particular substantially more because Tesla is ramping production and he bought the foundation series. The name implies, these buyers are supporting Tesla by paying more knowing they will not recoup this support. If you don't understand this he should have had some patience and waited to buy one now.

Collectors Items are for collectors. That's why the Foundation Series was sold at a premium. The extra cost was for the significance of being first, so you could have a first edition and hold it for many years as a collector. Check the relative prices in about twenty years when someone wants a low-mileage "original version" that defines a turning point in history. They are not for driving, or for flipping, but for collecting/investing as memorabilia. That's the whole point, so just do that.

But why sell? Did he buy the 120k truck to sell in a few months? Doesn’t make any sense - we all know vehicles depreciate fast after the sale is done and best way to extract is to run them to the full life. This story does not make any sense at all .

Something is worth what someone is willing to PAY for it.

You can ASK any price you want but if nobody is willing to pay the asking price, it's not WORTH that number. It's very simple.

Best option is to list it on Turo hope for an insurance payout

You literally bought a truck that looks like it was designed in the Lego universe. What did you expect?