Tesla And Other EV Owners Reselling Cars For Profit As Demand Soars via insideevs.com
to publish these articles. We find the company's perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of charge. Enjoy!Many Tesla buyers are waiting several months to take delivery of the electric vehicles, due to high demand, exacerbated by inflation and the ongoing semiconductor shortage. Despite the letdown for consumers, some Tesla owners saw an opportunity in the market’s current climate and decided to capitalize on it.
Dennis Wang said he lost money on his first try flipping a Tesla, before going on to make $4,000 from his second attempt and $7,000 for the third resale. The process is not unlike flipping property or concert tickets. Additionally, Wang’s Tesla flipping plans have him holding multiple Teslas on order, in addition to the one he owns — and soon plans to sell.
“I have a Model S currently that I’m probably going to sell within another three months, pending the market,” said Wang. “I also have another Model Y and a Model X on order.” Wang is not the only person working in this unique EV resale market, as many buyers are willing to pay tens of thousands of dollars beyond retail prices.
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