Tesla Cybertruck's High-Profile Auction Sale Underlines Strict Contractual Resale Conditions

By Kevin Armstrong
Cybertruck Sold at Auction
Cybertruck Sold at Auction

A Foundation Series Tesla Cybertruck fetched a remarkable $244,000 at auction via Cox Automotive's Manheim platform, surpassing its MSRP by more than $120,000 and capturing widespread attention. It's crucial to take into account Tesla's distinctive contract stipulations related to the resale of this highly sought-after, iconic vehicle.

Tesla's Resale Terms

Tesla has outlined specific terms for the resale of the Cybertruck, given its initial limited release. Although the information is not on the website, it does appear with the purchase agreement. According to the contract, owners are prohibited from selling or attempting to sell the vehicle within the first year of delivery. Should an owner need to sell the vehicle within this period due to unforeseen circumstances, they must notify Tesla in writing, allowing the company to repurchase the vehicle at the original purchase price, adjusted for mileage, wear and tear, and repair costs to meet Tesla's standards.

This policy highlights Tesla's intent to control the resale market and maintain the vehicle's exclusivity. Owners found breaching these terms face the possibility of significant penalties, including a $50,000 fine or the full value received from the sale, emphasizing the seriousness with which Tesla views compliance.

However, are we supposed to believe celebrities like Kim Kardashian, Lady Gaga, and Jay-Z were sitting at their computers waiting for the reservation list to open? A-list celebs driving Teslas is good for the brand, but it's questionable how they scooped up the Cybertruck so quickly if it wasn’t a private sale.

Buyer's Intent and Tesla's Stance

The purchase by a Porsche dealership in Orlando adds another layer of intrigue, as it remains unclear whether the vehicle will be showcased, resold, or used for comparative analysis. Automotive manufacturers often acquire competitors' models for research and development purposes, suggesting that this acquisition could offer Porsche valuable insights into Tesla's cutting-edge electric vehicle technology.

This high-profile auction sale could inspire other Cybertruck owners to explore the resale market, hoping for similar financial gains. However, Tesla's stringent resale conditions may deter some, casting a shadow of speculation over how the company will enforce its policy. The effectiveness of Tesla's strategy compared to other automakers' efforts to prevent flipping remains to be seen, with this incident possibly setting a precedent for future transactions.

This isn't the first instance of a Cybertruck making waves at auction. Previously, a Cybertruck was auctioned at the Petersen Museum Gala event, fetching an impressive $400,000. Whether this sale will encourage more owners to navigate Tesla's resale policy for profit or if it will underscore the company's control over its secondary market remains to be seen. What is clear, however, is the Cybertruck's undiminished impact on both the electric vehicle landscape and the broader automotive industry.

420 Anyone? Tesla's New Release is the Most Powerful Model 3 Ever

By Kevin Armstrong
Courtesy of @BooDev/X.com

The latest Tesla Model 3, the fastest yet, is poised to make a significant impact on Tesla's lineup. Speculation suggests the updated Performance Model 3, potentially named "Ludicrous," could be unveiled soon—possibly on April 20. This would, of course, be on 420, aligning with Elon Musk's fondness for the date, which falls 69 days before his birthday—nice.

Revamped Performance and Engineering

"Welcome to the Most Powerful Model 3 Ever," announces the Great Britain Model 3 configurator source code teaser, setting the stage for an electric sedan that surpasses its predecessors in every metric. The heart of the new Model 3 Performance lies in its all-new high-performance drive units, rumored to deliver a combined output of over 500 horsepower. This power upgrade is not just about higher numbers but also about how it translates to the asphalt.

Tesla has reengineered the vehicle with an all-new adaptive suspension system. This system, powered by bespoke in-house software, ensures enhanced body control, maintaining comfort without sacrificing performance. The result is a vehicle that can handle daily commuting as smoothly as it navigates tight corners on a race track.

Advanced Design and Aerodynamics

The Model 3 Performance features redesigned front and rear fascias and a rear diffuser that enhances visual appeal and improves high-speed stability. A carbon fiber spoiler adds to the aerodynamic efficiency while asserting the car’s sporty aesthetics.

One of the standout features of the new model is the Forged Performance wheels. These lightweight, staggered wheels are not just about style; they enhance the vehicle’s turn-in response, improve predictability, and increase traction out of corners, all while optimizing aerodynamics.

Where Comfort Meets Performance

Inside, the Tesla Model 3 Performance introduces a completely revamped interior. The all-new seat design includes enhanced side and cushion bolsters to hold occupants securely in place, which is crucial during high-speed maneuvers. Ventilation is built into the seats to keep the driver and passengers cool and comfortable, reflecting a thoughtful balance between performance and luxury. The cabin's aesthetic is elevated with lightweight carbon fiber décor and a refined weave pattern unique to the Model 3 Performance.

A significant highlight is the Track Mode V3, an innovative feature that allows drivers to tailor the handling balance, stability controls, and regenerative braking to their preferences. This mode integrates a performance-optimized powertrain with adaptive suspension controls, creating a driving experience that is not only responsive but also enjoyable.

The unveiling of the Model 3 Performance is imminent, as indicated by its addition to the configurator source code. There is speculation about a media embargo lifting on the 23rd, possibly coinciding with Tesla’s earnings day, which could provide further details or even see the official launch. My money is on 4/20, which will give a weekend for all influencers who got an early look to ramp up the views and bring that stock (down 40% year to date) some time to rebound before the earnings call.

First Look at Tesla's V12 User Interface, Full Screen Visualizations and New Media Player [Updated: Photos and Video]

By Not a Tesla App Staff
EFIEBER_ANDRE

Tesla's latest V12 user interface will change the look and feel of some of the vehicle’s operations. This new interface, announced on X, is already partially available on the Cybertruck but will now be rolled out to the Model 3 and Model Y, equipped with AMD Ryzen processors according to Tesla. However, the new Model S and Model X will likely receive it as well, although possibly not at the same time. It integrates several new features and aesthetics that set new standards in vehicle interface design.

The new interface will become available in Tesla update 2024.14, which started rolling out to employees yesterday.

New Parked Vehicle Visualization

A standout feature of the v12 UI update, not to be confused with FSD v12, is the centralized vehicle visualization, which dominates the display while parked (video below). This design choice enhances visual appeal and improves functionality by placing critical vehicle performance metrics, and status updates front and center. Similar to the layout in the Cybertruck, this feature provides drivers with a clear and immediate view of their vehicle's status and shows off the gorgeous 3D model.

New Media Player

There’s a new media player that’s larger and easier to use. By increasing the size of the media player, Tesla is now able to fit additional options that were hidden before, such as EQ and audio settings, the search icon and shuffle and repeat options.

The new media player appears while the vehicle is parked, driving or while the visualizations are in full-screen mode.

The media player is available on the Model 3 and Model Y and according to Tesla it’ll be limited to vehicles with the Ryzen-based infotainment center.

Tesla adds a new media player in update 2024.14
Tesla adds a new media player in update 2024.14

Improved Navigation

The navigation system will see several improvements. You’ll now see a little trip progress bar that lets you visually see how far along you are on your route.

If your vehicle has a rear screen, as in the new Model 3, the redesigned Model S or Model X, then trip information such as ETA will also be displayed on the rear screen.

Tesla already has the ability to update your route if a faster route becomes available. You can change some of these settings under Controls > Navigate. However, now the vehicle will show you if a faster route becomes available and gives you a chance to cancel the updated route if needed.

Expanded Autopilot Visualizations

Tesla is now bringing its full-screen visualizations outside of North America. However, there will be some improvements as well. In addition to being able to have the visualizations go full screen, there will now be a small map displayed in the corner as well.

That’s one of the issues with the full-screen FSD visualizations right now. If you make them full-screen, you lose your navigation map completely and only have the next turn available.

This will be the first time full-screen visualizations are available outside North America. It’s not clear whether all the FSD visualizations will be available such as traffic lights, curbs and more will be displayed, but Tesla has slowly been adding additional visualizations for non-FSD users, so there’s a chance that this feature will finally display all FSD visualizations to users outside of North America.

It’s not immediately clear whether this feature will require Enhanced Autopilot (EAP) or FSD.

Update: The full-screen visualizations do not require FSD or EAP, but unfortunately the visualizations displayed are still the same ones as in previous updates, so it won’t display the surrounding environment and curbs.

Full-Screen Browser Support

With this update, Tesla will finally let you manually make the browser full-screen. While this will make Tesla’s Theater apps a little redundant since they just loaded the website of the selected streaming service, you’ll now be able to stream any video service full screen, as long as the service supports Tesla’s browser.

As expected, the full-screen button will only be available while the vehicle is parked.

Checking Compatibility

Owners can verify their vehicle’s compatibility with the new full-screen visualizations while parked and driving by navigating to Controls > Software > Additional Vehicle Info on their Tesla’s touchscreen. This update is tailored for Tesla vehicles equipped with the AMD Ryzen processor.

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