It’s Impossible to Get Rid of a Tesla Cybertruck. I Want to Cut My Losses and Move On, but I Can't Give This Thing Away. I’ve Lost So Much Money Already; Help.

a year ago by TheReturnOfPEB to c/fuck_cars

A Cybertruck owner shares his frustration following multiple failed attempts to sell his truck. After losing more than $20,000 in 2,800 miles, the owner says, “I want to cut my losses and move on, but I can't give this thing away.”
AlternatePersonMan 298 points a year ago

"I can't give this thing away." - Guy who is asking $89,000 for a used vehicle that now sells new for $72,500.

Don't buy vehicles from a company led by an unstable Nazi CEO, dipshit.

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dylanmorgan 80 points a year ago

Also, “give away” typically means $0. $89000 is to the best of my knowledge larger than $0. I’ll bet he could give it away, but he doesn’t want to do that.

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criitz 1 point a year ago

"giving it away" can also mean selling it cheap.

Edit: damn I'm not defending this price, just explaining the metaphorical phrase. Chill yall

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unwarlikeExtortion 8 points a year ago

No, "giving away" means giving something for free. A better way to say it would be "practically or as if I'm giving it away".

Of course, in daily discourse you might say "I gave it away" instead of "I got rid of it" or "I sold it" since it sounds nicer and is probably more informative when someone asks you "What happened to your car?" and you want to mean I gave it to someone else and didn't take any money for it, not when you post it for sale on Facebook Marketplace.

The fact that people list "giveaways" where you pay for anything other than shipping, tax, etc. does not change what the words mean.

And even if we're cutting it close with "practically giving away", the max price I'd give on such a "given away car" is $500. Anything more is cutting your losses.

$90k is 180 times that amount. Does that mean he wants to give the car away 180 times?

It's the same underlying wordplay.

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kernelle 7 points a year ago

I'll shit on anyone for buying a cybertruck but you're being very pedantic.

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ayyy -5 points a year ago

I am giving away the chance to read this comment. Since you have already done so, where should I send the $89,000 bill? Or are you thieving scum?

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Mac -5 points a year ago

So there's this thing called exaggeration...

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lukecooperatus 18 points a year ago

Going from $89k to "give it away" is not exaggeration, it's whiny pissboy bullshittery.

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Mac 2 points a year ago

No it isn't. It's an extremely common phrase people use all the time when talking about things. I've said it about my own junk.

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cypherpunks 218 points a year ago

a tardigrade playing a violin. the tardigrade is in grayscale, apparently having been imaged using a scanning electron microscope. there is a scale bar at the bottom right labeled 100μm. the violin is in full color and was presumably added to the image later using a digital image manipulation tool.

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tetris11 46 points a year ago

from the tardygrade's perspective is it playing a large violin or a normal-sized cello?

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Cethin 43 points a year ago

Size-wise, relative to him, it's much closer to a violin than a cello, maybe slightly larger. So a viola would be the best fit. I think the picture is of a cello though, just sized strangely.

Edit: that image is strange. It's really popular, but bad. He's playing the strings from the wrong side of the bridge. How do you get that wrong?

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fakeman_pretendname 51 points a year ago

Because of the size difference between humans and tardigrades, it's hard for tardigrades to attend music lessons and otherwise learn about human musical instruments, so give him a chance, he's probably trying his best.

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Quadhammer 13 points a year ago

Yeah why this mf spitting at my boy Tardi G.? Fuck outta here

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madjo 11 points a year ago

It's impressive enough that a creature without thumbs is able to hold the bow in the first place, and you want to criticise him for how he's holding his cellolin?

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tetris11 8 points a year ago

He's holding the bow perfectly though, its just weird of him to miss the bridge

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AlligatorBlizzard 3 points a year ago

I'm ripping this response directly from another conversation on this image, I don't actually know anything about cello.

He's playing Penderecki!

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Localhorst86 4 points a year ago

It has to be a normal-sized cello, a violin would have toe be the other way around.

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tetris11 3 points a year ago

you can play a violin like that, but it would need to rest on your knee, and I'm just not seeing it

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CurlyWurlies4All 196 points a year ago

"can't give this thing away unless I lower the price to probably $79k. Sucks."

A brand new AWD CT from Tesla is $79,990.

Headline is clickbait. Seller is a whinger. Trash all round. Saved you a click.

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Zementid 15 points a year ago

Sorry to ask, but what is a "whinger"?

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BiteSizedZeitGeist 24 points a year ago

Whiner. Whinging is a synonym

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Diplomjodler3 3 points a year ago

But not back in the colonies, one would surmise.

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andrewrgross 19 points a year ago

I believe it means "whiner". As in one who whines and complains.

I don't know where @CurlyWurlies4All@slrpnk.net hails, but I just know this because I am a dad, which means I watch Bluey, and sometimes the dad on Bluey will tell the kids to "quit whinging".

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Aussiemandeus 17 points a year ago

Huh, it's common as in Australia.

Never thought of it as an Australian word. Odds are it has its roots in England though I guess

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dragonfucker 12 points a year ago

In Harry Potter, an English book, the Dursleys are from Little Whinging, because Rowling has no imagination.

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Kazumara 4 points a year ago

My Geordie friend uses it a lot, I think you're right on the money.

(Geordies are from the region around Newcastle upon Tyne from what he told me, so part of northern England)

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IMongoose 3 points a year ago

It's like these people don't even watch bluey smh my head

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limelight79 1 point a year ago

I first heard it in the US in 2006 and had to ask what it meant.

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Noel_Skum 14 points a year ago

Whinging and whining - though not exactly identical in meaning - are pretty much the same word to all intents and purposes in casual language.

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vivianharris45 8 points a year ago path: 0 14318746 14320038 14320405, hotness: undefined, score: 8, children: 0
Jarix 5 points a year ago

Pronounced like Hinge

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Yawweee877h444 8 points a year ago

That's the thing. He's trying to sell his used truck for more than the cost of a brand new one with the same configuration, if I read it correctly.

The guy fucked up buying this trash at a higher price early on, and now he's just an asshole trying to rip other people off.

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Fermion 111 points a year ago

Between price drops and the cybertruck recently qualifying for the federal EV tax credit, buyers can get a brand new unit for what this guy is asking. This early adopter paid too much and got a bad deal, but there's no mystery as to why no one wants to buy at his asking price.

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Zachariah 34 points a year ago

If he’d literally give it away, I’d accept it.

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ExtremeDullard 43 points a year ago

I would too, and I'd resell it immediately because I don't want to be seen dead in a Musk automobile.

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Zachariah 10 points a year ago

the chances of that being how you’re seen in one are non-zero

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lolrightythen 3 points a year ago

I'd still drive it for a little bit. Just bc I regularly drive 20 y.o. vehicles.

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parody 8 points a year ago

I don't want to be seen dead in a Musk automobile.

The only thing separating us from domestic terrorists

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LovableSidekick 87 points a year ago

Sledder also shares that over his lifetime, - he has driven and sold over 40 exotic cars, and the Cybertruck is the one vehicle he is having the most trouble finding buyers for.

Oh, I'm so sorry sir, it's frightfully unfair that this particular transaction has not worked out as favorablly as you're used to. Would you care for a sparkling beverage while Life figures out how to make itself better for you?

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Stern 71 points a year ago

you can buy a brand-new Cybertruck straight from the manufacturer cheaper than Sledder is asking to sell his used truck.

Wow I wonder why there's no takers

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BilboBargains 16 points a year ago

Also Sledder 'no low ball offers, I know what I git'

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ICastFist 13 points a year ago

The paint job is totally worth the extra 19k you guyse!!!!

The article says there's a madman offering 50k cash for it. Poor soul.

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Stern 11 points a year ago

Actually 50k sounds a lot closer to reasonable for a somewhat used car that currently sells new for 80k'ish. Of course, I'm saying that in the hypothetical generic car vacuum, not the actual "electric dumpster" reality.

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buddascrayon 69 points a year ago

“I've owned it for 8 months. It is depreciating like a rock. I have already lost over $20k in 8 months. I want to cut my losses and move on, but I can't give this thing away unless I lower the price to probably $79k. Sucks.”

This right here sums up the unrealistic expectations of the average Tesla owner. Cars immediately depreciate the moment you drive them off the lot, no car is immune to this. The average new car loses 10% in the first month after buying it. It loses over 20% in the first year. For those who are playing along this track's with exactly how much this doofus has "lost" on his truck.

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UnderpantsWeevil 20 points a year ago

The average new car loses 10% in the first month after buying it. It loses over 20% in the first year.

The theory behind this is that you'd only be selling a slightly used car if it was a lemon. The exception to the rule is resellers who already have a buyer lined up when they take possession of the vehicle.

But because Musk-o-philes are all Bitcoin brained and cannot conceive of prices ever going down, they're routinely shocked to discover that cars are for driving and not for speculating.

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_stranger_ 9 points a year ago

Anything's for speculating if you're dumb enough.

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Sconrad122 6 points a year ago

No, I'm not eating $2000 worth of fast food, I'm investing. People will pay 10x that for recently deceased human organs, and I'm using my money to unlock that earning potential

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Buddahriffic 9 points a year ago

Though I'd say this one takes it to a whole new level because of a few extra factors:

  1. Pre-orders were priced for exclusivity. Iirc, Tesla was having a lot of production/inventory issues when the pre-orders were collected. I'm not sure how much the deposits were, but they'd have added some sunk cost to the situation, making it harder to walk away when it might have been clear that they would be a shitshow. No one has a deposit on anyone's used cyber truck to add incentive to pay the rest.
  2. Elon's reputation hadn't sunk so low when pre-orders were made. Iirc, it was after the whole submarine/pedophile thing, but it seems that many didn't see the writing on the wall from that event.
  3. They turned out to be pretty bad. Other Teslas have and had issues but the cyber truck has had some particularly embarrassing ones for a truck. Like not handling rain or sand well.
  4. It looks so unique that it doesn't really fly under the radar. The two other very hated vehicles I can think of off-hand, the PT Cruiser and the Aztec, were ugly but still looked similar enough to other vehicles that many people didn't know what they were or that they were so unpopular. People could buy one before they realized, and it was easier to not care what others thought. The cyber truck looks like a 90s video game truck in a time when memes reach many more people, to the point where openly laughing at cyber trucks you see in RL might be a meme.
  5. Cars and trucks are expensive in general, but this one is on another level. While I might be behind on inflation, the price is comparable to a mid/low-end Porsche (~80k for a boxter, ~120k for a 911 is my benchmark, though it's old but it's also CAD, so maybe it works today for USD). A) why would someone want that more than a Porsche? B) most people can't afford a Porsche.

Not to mention the people Elon is pandering to these days either have trouble affording his vehicles without a dealer trying to convince a bank to take the loan, or can easily afford it but have money in part because they don't spend it on stupid shit like a cyber truck.

All of that on top of the usual depreciation.

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buddascrayon 5 points a year ago

Not to mention the stainless steel it's made of is not even the type that resists rusting. Did you see the state of the Cyber truck that MKBHD sold? It look like a fucking derelict prop from a post-apocalyptic movie set.

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drzoidberg 6 points a year ago

Dumb people do dumb things. News at 11.

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Saleh 5 points a year ago

Also funny that he talks about the price depreciation, while complaining about not being able to sell it. How do you want to sell a buyer on "this will depreciate quickly in price, but please pay a price notably above current market prices"

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digdilem 4 points a year ago

You're right.

Top Gear did a piece about the Aston Martin Vantage. New, £170,000 (GBP). 20,000 miles later it was worth £80,000. 90k depreciation in less than a year.

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Furbag 3 points a year ago

Tesla's have the absolute worst resale value compared to ICE, PHEV or Hybrids. Batteries degrade over time and with increased usage, so by the time you try to sell a Tesla that's a few years old, a lot of the advertised maximum capacity has escaped from that battery and the cost of a replacement likely exceeds the value of the entire used car.

Two of my coworkers got fantastic deals on used Tesla's because they go for so cheap on the secondary market and California is awash in them so there's always someone somewhere trying to get rid of theirs and usually for less that what it would normally blue book for.

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LovableSidekick 61 points a year ago

...he has driven and sold over 40 exotic cars, and the Cybertruck is the one vehicle he is having the most trouble finding buyers for.

Not saying the Cybertruck is a good thing, personally IDGAF about it, but calling this guy merely "a cybertruck owner" is bullshit. He's a guy who makes money buying and selling expensive vehicles, and he's whining about a deal that hasn't worked out for him. Poor baby.

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Dungrad 58 points a year ago
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Poppa_Mo 36 points a year ago

You can paint a turd gold too.

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booberry 1 point a year ago
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tibi 1 point a year ago path: 0 14315532 14316666 14325481, hotness: undefined, score: 1, children: 1
anomnom 1 point a year ago

What a twat.

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HiddenLayer555 10 points a year ago

That's because you see less of it :)

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blindbunny 9 points a year ago

Honestly yeah. Almost batmobileisc

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Albbi 11 points a year ago

That's what the guy who blew up his cybertruck said. Made him feel like Batman.

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kibiz0r 7 points a year ago

“I feel like Batman, or Halo”

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TrickDacy 7 points a year ago

Unless you see it from behind. Then the dumbass thing just looks like a black refrigerator

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LovesTha 2 points a year ago path: 0 14315532 14321552 14321638, hotness: undefined, score: 2, children: 0
Showroom7561 1 point a year ago

Looks like Crocks with wheels. 😂

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Dungrad 1 point a year ago
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Showroom7561 3 points a year ago

Give the grey one a few hours of slightly high humidity, and it'll at least be brown! LOL

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Dungrad 1 point a year ago
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someguy3 57 points a year ago

The Cybertruck owner listed his truck for sale for $89,000.

The same dual-motor Cybertruck AWD variant now starts at $80,000. However, starting in 2025, the vehicle qualifies for the $7,500 point of sale tax credit. This further lowers the starting price to $72,500.

Tesla is also now offering a $2,000 discount to anyone who applies a referral code when buying the vehicle. That further lowers the starting price to $70,500.

LOLOL.

Everyone expects top dollar for used shit these days.

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sunshine 35 points a year ago

This fucking article goes on 3 more paragraphs after that about how great the current offerings from Tesla are. Feels like the whole thing is just a Cybertruck sales puff piece in disguise.

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DarkDarkHouse 7 points a year ago

Guy can’t sell his because the new ones are just SO GOOD 🤡

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StupidBrotherInLaw 4 points a year ago

And cheaper than ever!

Twas indeed a click bait puff piece.

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itsgroundhogdayagain 51 points a year ago

No one will buy a used car for more than they can get a new one. Who knew?

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RebekahWSD 49 points a year ago

My first thought was "Really? Even a chop shop style place won't take it?" And reading it is like "Oh he doesn't want to cut the price so much but might now" so yeah.

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Wispy2891 45 points a year ago

From the article:

The Cybertruck owner listed his truck for sale for $89,000. He thinks this is a fair price [...] if you added every optional extra that Tesla currently offers for the Cybertruck, given the $7,500 tax credit and the $2000 referral discount, (a brand new 2025) Cybertruck will still only cost around $86,000.

Nobody with a brain would pay more for a used vehicle. It's not a collectible. "Founder's edition" nowadays means "beta version" and it's not something that's worth more.

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cultsuperstar 37 points a year ago

Apparently Elon unfollowed MKBHD after he posted selling his Founders Cybertruck at a $50K loss and saying the Rivian RT1 was a better truck lol.

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BigBenis 20 points a year ago

Oh no! Did he huwt the widdle man's feewings?

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rumba 36 points a year ago

"I can't give this thing away."

FTA: He's not trying to give it away. He's expecting last year's used market value for it, but it's steadily depreciating. Someone offered him 50k for it. He overpaid for a new car.

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HawlSera 8 points a year ago

Pretty much, guy's just being a Karen. "Broken TV from the 60's, 500 dollars. Don't low ball me, I know what I have."

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TrickDacy 36 points a year ago

Help

No.

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originalucifer 35 points a year ago

idiot wants brand new value for his used vehicle. i hate these things, but this doesnt match reality on non-tesla vehicles let a lone one thats now nazi-based.

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mosscap 32 points a year ago

I can think of one way to get rid of it. Saw it on the news last week. He's probably not going to like it.

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mdurell 4 points a year ago

Musk said it will be back on the road in no time. I don't think it's going to be quite that easy.

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mosscap 11 points a year ago

At least the driver was kind enough to drive it to Musk's assistant's place of business.

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Saleh 3 points a year ago

Just take a bulldozer and push it on the street. Still drives as reliable as before.

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collapse_already 31 points a year ago

There is a Tesla dealership near my house that has a lot full of them. A ridiculous number. It seems that Tesla is struggling to get rid of them. Hard to believe that there is not a huge market for electric dumpsters sold by a conspicuous asshole.

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Eatspancakes84 3 points a year ago

I thought Tesla’s business model was to not have dealerships? Don’t you order Tesla’s online? Or are these second hand?

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collapse_already 3 points a year ago

I don't know. I assume it is either a dealership or a lot for the storage of inventory. They have multiple other Tesla models as well. It hasn't been there long and isn't labeled in Google maps. The photos in street view are years out of date and show buildings that were torn down.

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echodot 1 point a year ago

I don't, but know I've definitely seen Tesla dealerships. They have full Tesla branding so I always assumed they were related to the company and not third party.

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tempest 1 point a year ago

Dealerships for other brands in the US are independent privately owned enterprises not owned by the major auto makers.

Tesla doesn't have dealerships in this sense. They do have corporate owned locations in some states where they are allowed to sell directly to consumers however that is only some states as laws prohibit automakers from selling directly in many.

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Juice 30 points a year ago

Expensive lesson, try not being a sucker next time.

"Oh no my shitty car depreciated" god who would have guessed

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eestileib 28 points a year ago

Pictured: typical parking job from cyber truck owner.

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werefreeatlast 9 points a year ago

Self parking. It enjoys rolling over a squirrel, cat, dog or pigeon.

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Jamablaya 27 points a year ago

Park it front of a hotel with something something has a fuse

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ExtremeDullard 25 points a year ago

A fool and his money...

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RoidingOldMan 24 points a year ago

He's lost over $10 grand for every thousand miles he's driven. Or you could express that as $5 grand per month he's owned it. Might even be worse depending on his financing.

I guess this is another reminder that brand new cars can depreciate hard. Absolutely terrible way to rent a car for 8 months.

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thenextguy 37 points a year ago

He lost by thinking a car is an investment.

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Chekhovs_Gun 5 points a year ago

Yeah seriously. What the hell kind of logic is that? 😂

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WoodScientist 4 points a year ago

So $10 per mile? He could have taken the ridiculous Uber Black service (where you get picked up in a fancy black SUV or town car) as his only mode of transport during that time, and he still would have come out ahead. And we wouldn't have had to drive!

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Sam_Bass 18 points a year ago

That one is not as bad looking as the rest but it still screams 3rd grade art project

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prole 10 points a year ago

Yeah because they actually primed and painted it lol

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Sam_Bass 2 points a year ago

That's a wrap, cap

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DicJacobus 17 points a year ago

the shitposter in me wants to say that this isn't a problem you find a solution to, its karma for doing business with the devil.

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SkyezOpen 1 point a year ago

Fuck tesla in general, but this isn't even that. It's the cost of early adoption. The founder's edition of basically anything is going to be more expensive and less refined than following versions. Once production picks up, nobody really cares about used first runs because it's more of a show-off piece. He's just realizing that the number of people who fawn over his steel box isn't enough to justify keeping that piece of shit.

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DicJacobus 1 point a year ago

many tesla owners have unfortunatley discovered that the brand value on the market is heavily attached to the personal reputation of elon musk,

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Arbiter 16 points a year ago

Right up there with beanie baby sellers on eBay, lmao.

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AlligatorBlizzard 16 points a year ago

I'll take it for free, I suspect a Cybertruck might be fun to paint in dazzle camouflage, at least it'll hide the shape

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Whats_your_reasoning 3 points a year ago

You would even have the guillotine frunk. You know, in case you need to chop a billionaire carrot on the go.

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UnderpantsWeevil 16 points a year ago

I refuse to believe you can't find a Bigger Idiot to buy your used Cybertruck.

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candybrie 17 points a year ago

Not for the ridiculous price he's trying to sell it for.

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jagged_circle 15 points a year ago

Have you tried exploding it?

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ShinkanTrain 12 points a year ago

It should rust into nothing in a few months, then problem solved.

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victorz 12 points a year ago

ngl the front bit of a black cyber truck looks kind of dope. But all of the rest of it still looks like hot garbage.

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ShinkanTrain 14 points a year ago

But reverse. It starts falling apart when you get to the windshield lol

I think it looks the worst when looked from the side.

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victorz 3 points a year ago

Haha yes, exactly like that picture, and everything else you said 😆

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Blaiz0r 7 points a year ago

I really liked the Cyber Truck design.

Modern cars are so similar now they're all massive and bubbly, even the Porsche SUVs looks like something from KIA.

It may be ugly but I'm happy to see something different on the road.

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zerakith 19 points a year ago

They are similar as far as I understand because they all want the same outcomes of the design : better aerodynamics and effective crumple zones to faculiate higher survival of the occupants in a crash (some vehicles additionally try to limit injuries with pedestrians too but less so in US vehicles).

I do agree that we have lost some of the majesty of older variations of designs but largely I think it'd convergent evolution. To leave that behind you'd want to have a really good reason which I don't think the cyber truck really has. Different for the sake of being different rather than innovative.

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Duamerthrax 3 points a year ago

The Aptera has better aerodynamics. Mainstream car design is hampered by common assembly line production and focus group designing. There's also a desire for car manufacturers to keep customers within a certain brand, even if an large conglomerate owns many brands, they don't want to risk a customer switching to a different brand(and possibly different conglomerate) as their needs change. This leads to what's called "Badge Engineering". The old Chevy Tahoe and H2 Hummer are basic the same car. All those "Jeeps" that don't really look like Jeeps past the grill and could have just been a Dodge SUV.

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zerakith 1 point a year ago

Yes fair points. I assumed it was a balance between aerodynamics and crumple zones/legal requirements which is why they don't all look like the aptera (or Schlörwagens).

I'm quite sure the system isn't optimising for what we want/need out of vehicles though and we could almost certainly do better.

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rknx 1 point a year ago

The hood/windshield slope kinda reminds me of circa 2005 Lamborghini Gallardo, and that was a cool looking vehicle.

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Lettuceeatlettuce 12 points a year ago

Play stupid games...

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rekabis 10 points a year ago

Can’t handle the douchnozzle neon sign lighting up when you drive that thing in public?

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craseng 9 points a year ago

Remember? The value of an item is what you get paid for, not what you want to get from it.

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explodicle 3 points a year ago

Yeah but think about all the labor that went into making his worthless dumpster truck.

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MushuChupacabra 9 points a year ago

Sucks to suck.

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cerement 8 points a year ago
too soon?

Matthew Livelsberger recently got rid of his Cybertruck

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accideath 7 points a year ago

And here I thought Teslas were an appreciating asset.

/s

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ICastFist 5 points a year ago

We appreciate how it depreciates

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TriPolarBearz 2 points a year ago

I appreciate that I do not have a Tesla

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L0rdMathias 7 points a year ago

Waaahhhh I made a bad financial decision and no one wants to bail me out at a 20% loss.

Lol. Lmao even.

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b161 7 points a year ago

Tesla owners deserve every bad thing that comes their way. No sympathy.

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Sanctus 6 points a year ago

I hate them but I'll take it if you're giving it away. My car is already falling apart so it can't be much different.

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Protoknuckles 6 points a year ago

Unless your car has very specific mechanical failures, at least it won't lock you in with an engine fire.

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Sanctus 2 points a year ago

It just hurts me in other ways, like financially every time I can't afford it.

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LovesTha 1 point a year ago path: 0 14315638 14316728 14318861 14318936, hotness: undefined, score: 1, children: 1
Sanctus 1 point a year ago

Yeah I like not being automatically veered into a semi truck. Sadly the current regime is likely to keep blocking access to cheap EVs. I really dont even want to own a car.

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Protoknuckles 1 point a year ago

I can relate to that. ;_;

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HawlSera 6 points a year ago

Aren't you literally not allowed to resale a Tesla (RIP First Sale doctrine)

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Aceticon 5 points a year ago

If analyzed in purelly financial terms, buying a brand new car is almost invariably one of the worst investments there is compared to other options (if you really need a car, aim for a car which is 1 or 2 years), and if you couple that with taking a punt on a Musk product on the user side (not even the shareholders' side but quite literally the side of the people the shareholders, most noteably Musk, want to extract money from, so pretty much the suckers' side) AND, maybe worse, doing it as an early adopter, pretty much adds up to a guaranteed lubless shafting.

Investing in a "I'm a sucker" tattoo for one's forehead probably has a better return.

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CafecitoHippo 4 points a year ago

buying a brand new car is almost invariably one of the worst investments

Because it's not an investment. There is nothing wrong with buying a new car if you plan on keeping it. You get the original manufacturer's warranty, no worries about a previous owner having been in an accident or not keeping up with routine maintenance, and often times you can lower your initial cost of ownership via dealer financing that's below market rates because they're willing to take loses there to move vehicles. Just a quick look, 2022 Toyota Corolla SE with 33k miles is selling for roughly ~$23k. A brand new 2025 Corolla SE is selling for ~$26k. If you need to finance it, you're going to get better rates on the new vehicle vs the used. You're getting 3 years worth of improvements and you're getting a full manufacturer's warranty and not just the balance of what's outstanding on a 3 year old vehicle with 33k miles on it.

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Aceticon 2 points a year ago

Almost every purchase for oneself is an investment, not in the Financial Investment sense of putting money expecting to get more money out but in the broader sense that we buy things because they provide some kind of value to us, which can be a utility value, tge satisfaction of an actual physical need, the pleasure one derive from using it or even just the pleasure of owning it

People don't just buy things with no reason at all at any level, though often people buy things for the emotional reason that it gives them a jolt of pleasure to buy that thing (not exactly the smartest thing to do IMHO, but quite possibly one of the core pillars holding up present day Consumer Society).

So in that broader sense even the peace of mind you refer to as a justification for buying a new car has an actual value which can be expressed into a rough money range or, even better, the more personal "how long do I have to work to pay for the peace of mind of a new car instead of buying a 2 year old car".

Further once you look at it that way, you start identifying which objective/need/feeling you're trying to satisfy and figuring out other ways of satisfying it for less - for example if a car is expensive enough you can literally pay to have many possible used cars you are considering checked by a mechanic before you buy, have car histories checked, and buy an extended warranty, to get that piece mind you wish and still save up a lot of money (or, in another "currency", a lot of days of work to earn that money).

In that broader sense, IMHO, new cars are generally a bad "investment" versus cars with a year or two because you're paying a huge premium for a piece of mind you might get for much cheaper or might not even need because your fears are just be the product of being widely misinformed about the probability of problems in cars relative (I can tell you from a broader Engineering sense, the rates of problem in physical products in general tend to peak first when they're new, then go down, then start going up again when they're aged, which for something like a car would be 5+ year at least, though beware that I only know this rule as a general thing and don't have car-specific knowledge on it beyond some vaguely remembered stuff I read over a decade ago) and of imagining the worst possible scenario in your mind about what problems a 2 year old used car can give you when the reality is that scenario in your mind is incredibly unlikely and you can buy stupidly cheap insurance to cover it.

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CafecitoHippo 2 points a year ago

In that broader sense, IMHO, new cars are generally a bad “investment” versus cars with a year or two because you’re paying a huge premium

That's where I disagree with you though. There isn't a huge premium vs a car that's a year or two old. If you're financing too, it could be more costly to buy a used car as you'd be paying higher rates on the financing. I agree with the sentiment that buying a used car is better but not one that's just a year or two older. People have long been preaching that buying used is better than buying new and as a result, a lot of prices have crept up to the point that its less beneficial to buy used these days. COVID jacked up prices too and while they've gotten better on used cars, they still haven't fully recovered.

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Aceticon 1 point a year ago

That's a good point on the financing side: a used car with about a year or two is well worth it if you have the funds to pay it outright without financing, but if you have to arrange financing yourself you're not going to get as good rates as what the car makers can achieve thank to their bulk deals with Financial Institutions for the financing, which together with other factors (such as, as you pointed out, some cars not falling as much in price from new to used) might wipe out most of the benefit, at which point the difference might just be small enough that it's worth the "peace of mind" value one gets from buying new.

My point is that just going direct for a new car without at least doing some legwork and seriously investigating second hand options is a bad move, since the cost of a car in terms of "how long do I have to work to pay for it" is pretty high for most people and thus its well worth it to spend many hours of one's time doing some researching and evaluating before buying rather than going to the option that's the most heavily pushed in advertising, because for such an expensive purchase even 10% price savings will quite likely well exceed the value of those hours (and the easiest thing to figure out upfront and with little time investment nowadays is if the used car market for the vehicles one is interested in is expensive and close to brand new prices or not, so one can quickly ditch "second hand" as an option if it turns out the market is pricing it too high).

Personally I haven't bough a new car in more than a decade (I ditched my middle-age-crisis-mobile some years ago and switched to cycling and walking, but then again I've been living in urban areas in Europe so a car is not required and generally more of a hassle and money sink than anything else), but a year ago my dad got a great deal on a small second hand city car which was less than two years old (so it even had some manufacturer warranty time in it) which saved him a pretty penny, though that was in Portugal rather than the US.

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michaelmrose 1 point a year ago

You could easily be paying 19 for the 2022 and if you have good credit you might not have any difference in interest rates and paying the same payment will pay 19 off faster than 26.

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uebquauntbez 5 points a year ago

It's a real problem to get rid of Leon Musk too. So this is intentionally.

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RenegadeTwister 3 points a year ago
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brlemworld 2 points a year ago

I can't give this thing away

Sus

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bitjunkie 1 point a year ago

Class-action lawsuit and maybe try not being be an idiot next time

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rumba 1 point a year ago

Could probably part it out and make a decent recovery on the cash.

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HiddenLayer555 1 point a year ago
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fuck_cars
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This community exists as a sister community/copycat community to the r/fuckcars subreddit.

This community exists for the following reasons:

  • to raise awareness around the dangers, inefficiencies and injustice that can come from car dependence.
  • to allow a place to discuss and promote more healthy transport methods and ways of living.

You can find the Matrix chat room for this community here.

Rules

  1. Be nice to each other. Being aggressive or inflammatory towards other users will get you banned. Name calling or obvious trolling falls under that. Hate cars, hate the system, but not people. While some drivers definitely deserve some hate, most of them didn't choose car-centric life out of free will.

  2. No bigotry or hate. Racism, transphobia, misogyny, ableism, homophobia, chauvinism, fat-shaming, body-shaming, stigmatization of people experiencing homeless or substance users, etc. are not tolerated. Don't use slurs. You can laugh at someone's fragile masculinity without associating it with their body. The correlation between car-culture and body weight is not an excuse for fat-shaming.

  3. Stay on-topic. Submissions should be on-topic to the externalities of car culture in urban development and communities globally. Posting about alternatives to cars and car culture is fine. Don't post literal car fucking.

  4. No traffic violence. Do not post depictions of traffic violence. NSFW or NSFL posts are not allowed. Gawking at crashes is not allowed. Be respectful to people who are a victim of traffic violence or otherwise traumatized by it. News articles about crashes and statistics about traffic violence are allowed. Glorifying traffic violence will get you banned.

  5. No reposts. Before sharing, check if your post isn't a repost. Reposts that add something new are fine. Reposts that are sharing content from somewhere else are fine too.

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Please report posts and comments that violate our rules.

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