At $400,000, a Tesla Cybertruck disappoints
This page is translated from the original post "À 400 000 dollars, un Tesla Cybertuck déçoit" in French.

Sold at auction during the Petersen charity gala, a Tesla Cybertruck just barely made it with a Could have done much better!
This sale was interesting for more than one reason, as it featured for the first time on a real market, the Tesla Cybertruck and its main competitor from General Motors, the GMC Hummer EV Pickup.
A VIN that makes a difference
As indicated by Tesla, the vehicle auctioned at the Petersen Museum is a 2024 model year Cybertruck with a low VIN. Nothing mysterious—the VIN is the “Vehicle Identification Number” or, for non-English speakers, Vehicle Identification Number (VIN). It is better known as the “Chassis Number” and was created in the United States in 1954 to identify each vehicle with a 17-character alphanumeric code. It became standard for all global vehicles by 1981.
Why this parenthesis? To explain why this Tesla did not break records. $400,000 is a significant sum for a vehicle that is expected to be marketed around $40,000, or ten times less. But this is not extraordinary for a one-of-a-kind vehicle at a charity gala where each bidder had already spent $1,750 to attend the evening! A VIN 001, meaning the very first vehicle registered, has considerable and highly symbolic value. With a low VIN, you own one of the first, but not THE first.
Tesla beaten by GM
Thus, the final bid of $400,000 for the Cybertruck is significantly lower than the $2.5 million bid for the VIN 001 model of the new GMC Hummer EV Pickup! General Motors played along and can forever claim to have produced an electric vehicle worth $2.5 million.

READ ALSO > Buy one of the first Tesla Cybertrucks at auction
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