John Clay Wolfe, the president and founder of Give Me The VIN , made headlines last week after selling a Tesla Cybertruck for $244,500 at auction, only to see the same vehicle being flipped again for $290,000 by a Porsche dealer. He now believes the market has already taken a nosedive, with a pair of subsequent Cybertrucks selling for just $195,500 and $189,000, respectively, adding weight to his assertion. The two trucks were sold at a dealer-only GMTV auction today, the company said.
This clause has effectively discouraged early owners from selling their trucks. On his YouTube channel, Wolfe labeled the clause anti-capitalist, and revealed that GMTV employees offered as much as $210,000 in order to convince owners to sell their Cybertruck. Eventually, GMTV successfully convinced as many as four people to agree to sell their trucks. However, these transactions haven't exactly been lucrative for the company.