This isn’t a 500$ PS5, it’s easy-ish for a lot of people to get a hold of 5k and buy a bunch of PS5s. If you have good credit you could probably find your way into a 10k limit credit card for example.
A CT is what, 50k? Very few would-be scalpers are going to have access to that kind of funding. Loans at that level are going to be tied to the vehicle/asset and no bank is going to loan you 100k to get 2 CTs at the same time unless you’re already rich
Tldr Any statement from Musk/Tesla about scalpers is a load of horse shit
There is a significant scalp market for the limited release Porsche and other premium cars in the UK. Its not uncommon to double your money on some cars just for sitting in the queue for the car for 12 months or so from using a small deposit of say £5k.
Hard part is getting on the list to buy one, you need to be in good standing with the dealer from purchasing a lot of cars, which most scalpers are. You can then sell the place on the waiting list, or finance the car, run it for a short period if you want, then sell it for a big profit.
Except PS5s were produced en masse. So if you buy just 1 and try to resell it for a profit, any would be buyer will just pay sticker price in a store. With the CT, people have had their name on the list for years. What’s more, is they will be produced slowly at first limiting the availability. So someone could ostensibly reserve dozens of them staggered. If you have the cash for the first one, you buy it and quickly turn it. Now you can easily buy the second when it comes available while turning a profit and so on.
Except PS5s were produced en masse. So if you buy just 1 and try to resell it for a profit, any would be buyer will just pay sticker price in a store.
Sounds right on paper, except that’s not what happens in reality, there were $700/$800/$1000+ PS5s and Series Xs all over eBay and they were selling
So someone could ostensibly reserve dozens of them staggered. If you have the cash for the first one, you buy it and quickly turn it. Now you can easily buy the second when it comes available while turning a profit and so on.
True, not saying there’s going to be 0 scalpers, but that’s a bit more complicated and risky to pull off compared to just a couple Gs and throwing stuff on eBay. I’m sure there will be a few, but not so many that it’s this huge problem
These are $80-$100k right now, but they have low supply, are being built by hand in parts because they haven’t fully ramped, and most importantly, have low VINs.
People will totally pay extra for a rare Cybertruck, especially in a place like the Bay Area, where R1Ts, Lucids, and Cayennes are fucking everywhere. The wealth people burn is breathtaking.
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I’m torn.
On one hand, screw scalpers. On the other hand, screw the rich and screw Elon Musk.
To scalp something though you’d have to have enough people want a thing that’s hard to get. I’m not sure that’s the case with the CT anymore
There are tons of people with more money than sense. It wouldn’t take more than a day to sell.
This isn’t a 500$ PS5, it’s easy-ish for a lot of people to get a hold of 5k and buy a bunch of PS5s. If you have good credit you could probably find your way into a 10k limit credit card for example.
A CT is what, 50k? Very few would-be scalpers are going to have access to that kind of funding. Loans at that level are going to be tied to the vehicle/asset and no bank is going to loan you 100k to get 2 CTs at the same time unless you’re already rich
Tldr Any statement from Musk/Tesla about scalpers is a load of horse shit
There is a significant scalp market for the limited release Porsche and other premium cars in the UK. Its not uncommon to double your money on some cars just for sitting in the queue for the car for 12 months or so from using a small deposit of say £5k.
Hard part is getting on the list to buy one, you need to be in good standing with the dealer from purchasing a lot of cars, which most scalpers are. You can then sell the place on the waiting list, or finance the car, run it for a short period if you want, then sell it for a big profit.
Except PS5s were produced en masse. So if you buy just 1 and try to resell it for a profit, any would be buyer will just pay sticker price in a store. With the CT, people have had their name on the list for years. What’s more, is they will be produced slowly at first limiting the availability. So someone could ostensibly reserve dozens of them staggered. If you have the cash for the first one, you buy it and quickly turn it. Now you can easily buy the second when it comes available while turning a profit and so on.
Sounds right on paper, except that’s not what happens in reality, there were $700/$800/$1000+ PS5s and Series Xs all over eBay and they were selling
True, not saying there’s going to be 0 scalpers, but that’s a bit more complicated and risky to pull off compared to just a couple Gs and throwing stuff on eBay. I’m sure there will be a few, but not so many that it’s this huge problem
These are $80-$100k right now, but they have low supply, are being built by hand in parts because they haven’t fully ramped, and most importantly, have low VINs.
People will totally pay extra for a rare Cybertruck, especially in a place like the Bay Area, where R1Ts, Lucids, and Cayennes are fucking everywhere. The wealth people burn is breathtaking.