After garnering hundreds of comments and over 150,000 views, bidding for a Tesla Cybertruck on Cars&Bids failed to meet the reserve. The highly publicized auction saw prices rise above MSRP quickly but momentum soon fizzled out. Now, the lingering question is what factors contributed to the unsuccessful sale and whether the market sentiment toward the Cybertruck is shifting. Over the past week, this auction attracted over 500 comments but only received a total of 19 bids.
One auction commenter pointed out that if the seller is wrong, it could turn into a legal battle for the end buyer. Photos Cars&Bids In theory, if Tesla were to contest the sale, they could have pursued the profits from the seller, potentially limiting their ability to pay off the lien on the title. Consequently, this could have hindered their ability to transfer the title to the new buyer.