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

February 29, 2024

By Kevin Armstrong

Cybertruck Sold at Auction

Not a Tesla App

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.

BREAKING: The first pre-owned Tesla Cybertruck has sold at auction.

The price? A whopping $244,000.

I wonder what the Buyer will price it at… 🤔

(Image via Brian Kramer) pic.twitter.com/aOCn11XZY8
— Car Dealership Guy (@GuyDealership) February 28, 2024

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.

The “no resale” provision is BACK for Cybertruck orders! 🙂 pic.twitter.com/WMtJPF2PeM
— Greggertruck (@greggertruck) December 9, 2023

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.

Tesla Adds Steering Wheel Guides for All Wheels in FSD 12.5.2

September 10, 2024

By Karan Singh

Not a Tesla App

Tesla’s latest FSD update, version 2024.27.5 brings some improvements when parking your vehicle. This is another undocumented, but one we’re happy to see.

Most recently, the Cybertruck received the undocumented change for the Hands-Free Frunk opening (video below). The Cybertruck also recently received Vision Park Assist, which included steering wheel guides in the visualization showing the direction the front and rear wheels were turned. However, it turns out this isn’t just for the Cybertruck.

Update: We’ve updated this article to mention that this feature isn’t included in update 2024.32 yet.

Quick video on the auto frunk. It's literally 🧍‍♂️📐

Works great! pic.twitter.com/QklzH5cRle
— Dirty Tesla (@DirtyTesLa) September 9, 2024

Parking Improvements

Due to the Cybertruck’s unique rear-wheel steering and steer-by-wire design, Park Assist in the Cybertruck displayed the path of the front wheels, and how they would swing while reversing.

This enhancement is also coming to every Tesla vehicle in FSD 12.5.2 and later. It’s also expected to be available in a future update for non-FSD vehicles. However, it’s unclear whether it will be a later revision of update 2024.32 or the next major Tesla update. This is a neat little update, as it helps drivers better understand and predict the path their vehicle will take during a turn.

Brandon, going by @teslaflexx on X, originally spotted the new visuals recently on an AMD-based Model Y running 2024.27.5 and FSD V12.5.2.

Any vehicles who are on update 2024.27.5 or 2024.27.20 should have access to this new feature.

Looks like Cybertruck wasn’t the only vehicle to get the new guide visuals with park assist. Much better than the lines! pic.twitter.com/tF9ZsWCcWy
— Brandon (@teslaflexx) September 8, 2024

Tesla to Sell Cybertruck Battery Armor and Rock Sliders for Cybertruck

September 10, 2024

By Karan Singh

Not a Tesla App

Tesla’s Cybertruck has been used as an awesome off-road vehicle so far, with some great videos from both Tesla themselves, as well as many owners who have been challenging difficult off-road obstacles.

One frequently requested feature, however, is additional armor for the Cybertruck to improve its off-road capabilities. Wes Morril, Program Manager for the Cybertruck, has confirmed that Tesla will be introducing Battery Armor and Rock Sliders as retrofit “options” by the end of 2024.

Battery Armor

The Cybertruck’s underbody plate, while not completely unarmoured, isn’t exactly super thick, and can leave the battery exposed if the weight of the truck is left on a high-center point or a sharp rock. This upcoming battery armor will be similar to the armored undersides offered by other companies specifically for off-roading.

Rivian, for example, sells armor as a single package for $3,950 USD, or $5,800 CAD, along with a 20” wheel upgrade, full-size spare, and a utility panel including an air compressor and enough hose to let you reach any of the tires when airing up or down your tires for off-road. Tesla’s upcoming Battery Armor will be a retrofit option, unlike Rivian’s – which can only be added when purchasing the vehicle.

Rock Sliders

The Cybertruck has a simple and clean bottom corner – but that also means that it exposes the plastic trim directly. Rock sliders go on the bottom edge of off-road vehicles between the wheels to protect the vehicle's body. Rock sliders are a pretty common modification, and some companies have already begun to offer them for the Cybertruck – but a first-party OEM option is always best.

This is especially true since most third-party options use the lift points of the vehicle to attach rock sliders, which can make replacing wheels or lifting the vehicle difficult without removing the third-party additions. This adds considerable time to what should be a quick job.

Release Date

We’re looking forward to Tesla bringing these options to the Tesla store in the coming months. Wes said they’d be available as retrofits before the end of 2024, along with the upcoming Winter Tire Package, which is arriving next month. The Winter Tire Package is already available to order for Cybertruck owners.