An early Tesla Cybertruck has sold for $400,000 in auction by the Petersen Museum in Los Angeles.
While it is expected to be soon, we still don’t know when Tesla plans to start deliveries of the Cybertruck – the automaker’s highly anticipated first electric pickup truck.
That didn’t stop the Petersen Museum, a famous car museum in Los Angeles, from selling one in auction.
For their gala this year, the museum, which has a close relationship with Tesla as it hosted the public debut of the Cybertruck in 2020 and has held a Tesla exposition since then, decided to raise funds by auctioning a “low-VIN Cybertruck.”
Despite the museum’s relationship with Tesla, it sounds like the automaker is not involved, and the institution plans to buy it from Tesla to give it to the winner of the auction without a specific timeline. It’s unclear how they will secure a “low-VIN” – though I suppose what’s a “low-VIN” is relative.
The gala hosted by Jay Leno cost $1,700 a ticket, and the museum was also accepting outside bids.
The results of the auction haven’t been officially announced, but people present this weekend are reporting that the Tesla Cybertruck went for $400,000:
That’s about five times what the higher-end version of the electric truck is expected to start at.
The funds are expected to go to the museum, which operates as a non-profit.
Rich people are spending their money in weird ways. It’s not clear at all here that they have secured an early Cybertruck from Tesla.
They might simply have a Cybertruck reservation that they believe to be an early one, but historically, Tesla hasn’t been following to closely the order of reservations when delivering new vehicles.
Now I know that Tesla has a relationship with the museum, so it’s possible that they have a deal with them we don’t know about and hope so for whoever paid $400,000 for a truck worth probably about $80,000.
But even if they do secure a very “low VIN,” I don’t think it’s worth anywhere near that unless you sell it to another OEM looking to reverse-engineer it.
An early Tesla Cybertruck was recently sold for $400,000 in an auction held by the Petersen Museum in Los Angeles. The museum, which has a close relationship with Tesla and hosted the public debut of the Cybertruck in 2020, decided to raise funds by auctioning a “low-VIN Cybertruck.” It is unclear how the museum secured a “low-VIN,” but it plans to buy the truck from Tesla and give it to the auction winner without a specific timeline. The auction took place at a gala hosted by Jay Leno, and the funds raised are expected to go to the non-profit museum. However, it is uncertain if the auction winner has actually secured an early Cybertruck from Tesla, as the automaker is not directly involved in the auction. Regardless, the Cybertruck sold for five times the expected starting price of the higher-end version of the electric truck. The author of the article remarks on the high price and questions its worth, suggesting that it may only be valuable if sold to another original equipment manufacturer (OEM) for reverse-engineering purposes.