Someone Paid $262,500 For This Tesla Cybertruck At Auction

Granted, it was a tri-motor Foundation Series model, but that’s still more than double the sticker price.

Tesla Cybertruck Cyberbeast Foundation series sold at auction by Sotheby's Motorsport

Iulian Dnistran

By: Iulian Dnistran

Apr 10, 2024 at 11:00am ET

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The Tesla Cybertruck’s appeal isn’t fading anytime soon, whether you like it or not. Doug DeMuro recently said that the angular pickup is downright cool and we found out for ourselves just how much of an attention magnet the electric pickup is during our test drive.

Now, through the magic of car auctions, the battery-powered truck’s appeal has been once again confirmed because someone paid more than double the sticker price for a brand-new tri-motor Cyberbeast Foundation Series.

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Ever since Tesla started deliveries of the Cybertruck late last year, we've seen quite a few listings for brand-new units asking for a lot more money than the original sticker price.

To try and stop this, Tesla even introduced an anti-flipper clause in its contracts, but that doesn't seem to have done anything because a 50-mile Cybertruck Cyberbeast Foundation Series truck was sold at auction yesterday for over $260,000. That's more than double the sticker price.

It happened yesterday during one of Sotheby’s Motorsport online auctions when somebody paid $262,500 for a 50-mile Cybertruck. The auction didn’t have a reserve but the bidding started out pretty strong at $75,000 and gradually climbed to what Sotheby’s Motorsport calls a new world record price.

Gallery: 2024 Tesla Cybertruck Cyberbeast Foundation Series sold for $262,500 at Sotheby's Motorsport auction

Tesla Cybertruck Cyberbeast Foundation series sold at auction by Sotheby's Motorsport

Even though this particular car fetched a very sweet price, it’s worth noting that another brand-new Cybertruck–a dual-motor version–was put up for auction on Cars & Bids last month but the reserve price wasn’t met and it remained unsold. The last bid on that EV was $158,000.

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“We often get asked whether Teslas can or are considered collectible cars,” said Colleen Cash, President of Sotheby’s Motorsport. “Our response has always been affirmative, and the overwhelming interest in this auction only reinforces our conviction.”

What’s your take on this? Is the Tesla Cybertruck already a collectible? Let us know in the comments below.

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