LoginNo One Was Sold On This Gulf Oil Cybertruck
- Bidding on this Tesla Cybertruck ended at $76,500 despite low mileage.
- The Gulf Racing wrap cost $10,000 but completely failed to spark interest.
- Gulf Oil liveries once adorned icons like the McLaren F1 GTR and Porsche 917.
When Tesla started customer deliveries of the Cybertruck in late 2023, it seemed that every man and their dog was trying to buy one. For a brief moment, this demand led to a massive spike in prices on the used market with flippers rushing in to cash out. However, as is so often the case, these prices soon began to crash and can now be so low that it almost beggars belief. Take this 2024 Cybertruck, which recently failed to sell over at Bring a Trailer.
Read: Cybertruck’s Cheapest Version Is Already Dead
The first thing that stands out about this Cybertruck is the Gulf Racing livery. The blue and orange theme is one of the most iconic liveries ever used in motorsport and has previously adorned racing legends like the McLaren F1 GTR, Porsche 917, and Ford GT40. On a supercar, it looks great, but the livery seems totally out of place on a Cybertruck. Then there’s the fact Gulf is an oil company, so slapping its logo on an EV feels about as fitting as a steakhouse sponsoring a vegan festival.
The Depreciation King
While the aftermarket wrap is a little odd, this Cybertruck is a flagship tri-motor Cyberbeast model, carrying a $105,485 sticker price. Given that it has only been driven 2,200 miles (3,540 km) and was offered with a clean Montana title, it’s a little shocking that bidding topped out at a measly $76,500.
Bring a Trailer
That’s an extreme amount of depreciation, even by Tesla’s usual rollercoaster standards. The top bid came in nearly $29,000 under the original MSRP, which works out to around $13 lost for every mile driven. Factor in the $10,000 spent on the wrap, and the seller is staring at close to $40,000 gone in less than a year.
While the Cybertruck is controversial, as is Tesla chief executive Elon Musk, there’s no denying that the Cyberbeast is quick. Thanks to its three electric motors, it delivers an impressive 845 hp, allowing it to hit 60 mph (96 km/h) in just 2.6 seconds. Evidently, not even the promise of performance like that, or a motorsport-inspired livery, was enough to convince someone to buy this Tesla.
