No amount of complaining that “Technology” is actually “Elon Musk did something idiotic” will change this forum. Mods don’t give a fuck about the rules. Reporting articles for breaking the “not about technology” does nothing.
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
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.
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
Many brands do this kind of thing extensively with their limited release models, also in the EU. The only thing that’s abnormal here, is that the cyber truck is a mass production vehicle and not limited release. Although I guess because of their very limited production capacity, it is kind of limited release.
Back in November, before the initial Cybertruck delivery event, Tesla modified its Motor Vehicle Purchase Agreement with a section that said “For Cybertruck Only.” This section basically included clauses that told Cybertruck owners that they are not allowed to re-sell their vehicle within the first year of ownership, and if they did, that Tesla would sue them to recoup whatever amount they received from the sale or $50k, whichever is greater.
Clauses like these are not unheard-of, though, particularly for low-production or high-cost vehicles. Similar clauses have been employed by Ferrari, Ford, Porsche and others.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !technology@lemmy.world
This is a most excellent place for technology news and articles.
Can I filter posts about this car please.
No amount of complaining that “Technology” is actually “Elon Musk did something idiotic” will change this forum. Mods don’t give a fuck about the rules. Reporting articles for breaking the “not about technology” does nothing.
Not sure, but you can unsubscribe, which I just did after seeing one too many posts about the emerald heir manbaby.
If you’re using sync you can
Settings shortcut: Settings > Filters
Cheers, I actually am.
Well done.
Whoa, I had no idea you could create a settings shortcut. I just clicked on it and it brought me there.
Why is this the first time I’m seeing a feature like that anywhere?
I’m torn.
On one hand, screw scalpers. On the other hand, screw the rich and screw Elon Musk.
To scalp something though you’d have to have enough people want a thing that’s hard to get. I’m not sure that’s the case with the CT anymore
There are tons of people with more money than sense. It wouldn’t take more than a day to sell.
This isn’t a 500$ 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
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.
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
Simply ridiculous.
You don’t own the thing you bought!
Illegal AF, at least in my country (and probably in the whole EU) - IANAL.
Many brands do this kind of thing extensively with their limited release models, also in the EU. The only thing that’s abnormal here, is that the cyber truck is a mass production vehicle and not limited release. Although I guess because of their very limited production capacity, it is kind of limited release.
https://electrek.co/2023/12/11/tesla-once-again-threatens-to-sue-cybertruck-scalpers-for-50k/
https://www.cybertruckownersclub.com/forum/threads/no-resale-provision-is-back.10397/
https://www.cybertruckownersclub.com/forum/threads/non-resale-clause-inconsistency-is-it-legal.10399/#post-208539