Overview

• A Tesla Cybertruck Cyberbeast model was auctioned for $262,500, more than double its $120,000 sticker price.
• The auction, held by Sotheby's Motorsport, saw the vehicle sold with no reserve, starting at $75,000.
• Despite production delays and quality issues, the auction price reflects high demand for the limited available models.
• Tesla has introduced measures to prevent flipping, but high resale prices continue as new deliveries are awaited.
• The Cybertruck's performance and unique design contribute to its appeal, with features like 845 horsepower and a 320-mile range.