The hype is real (and overpriced): Used Tesla Model 3 hits Craigslist for $150K

Tesla Model 3 Nissan Leaf
Whenever a highly anticipated product comes out, there are always those who try to take advantage of the hype. Did you grab the last Xbox One on Black Friday? Keep the box sealed and resell it for a huge profit. Got your hands on some of that Rick and Morty Szechuan sauce from McDonald’s? Dip some nuggets in some of it and hand the rest out for $10 a piece. This cycle applies to almost every retail industry out there, and the automotive community — especially the one surrounding the Tesla Model 3– is no different.

The first used Model 3 has officially hit the Craigslist market in Santa Cruz, California, and the seller is asking a whopping $150,000 for it. It’s described as “lightly used,” with just over 2,000 miles on the odometer. The vehicle is fully loaded with a 310-mile long-range battery, panoramic glass roof, premium interior, upgraded sound system, and Aero wheels, but that’s more than four times the car’s initial cost. It seems a bit much, but given the circumstances around the vehicle’s production, this Model 3 will surely be picked up before you can say “adaptive cruise control.”

Tesla originally predicted approximately 1,500 Model 3s would be assembled in September, with another 20,000 hitting the streets by December. As of this writing, however, the brand has only completed about 260 examples due to bottlenecks in production. The Wall Street Journal recently reported many of the Model 3’s parts have been built by hand due to the assembly line not being ready, and these are the exact types of delays that drive owners to break into the used market for huge gains.

The seller wrote that a “unique circumstance” inspired the quick sale, noting, “This car meets all of the hype and I plan on owning another in the future.” Given that the first Model 3s were held for very early reservation holders, it’s likely the ad was posted by a Tesla employee.

Either way, if you want to skip the wait and get your hands on a “new” Model 3, this is your chance. Be advised that the $7,500 electric vehicle federal tax credit doesn’t apply because the car has already been registered. But if you’re willing to plunk down $150,000 for a $35,000 ride, we’re willing to bet you won’t mind.


Why premium is the most overused, and least understood, word in tech

Everyone has heard the word premium, and many of us will have purchased a premium product, but what does premium actually mean, and why is it used so much in tech? Here's why it's so popular.

Bigger isn’t always better: 5 of the smallest smartphones worth buying

Phones are getting larger and larger, but what options exist for the small-of-hand, or people who just want a phone they can use one-handed? In a world of phablets, some of the smallest smartphones can still pack a punch.
Home Theater

IPX what? The electronics water- and dust-resistance rating explained

Increasingly, consumer electronics companies are using an IPX code to demonstrate that their products are water and dust resistant. But what does this IPX code mean? We break it all down and walk you through it.
Smart Home

Smart speakers now help the U.K. to calculate the cost of living

Smart speakers have become so popular in the U.K. that the device has now been added to the nation’s ”inflation basket.” The basket contains commonly bought goods and services and is used to calculate the cost of living.

Nuro’s awesome robot delivery pods are tootling into Texas

Robo-delivery startup Nuro is taking its cool-looking autonomous delivery pods to Texas. The pods will deliver Kroger groceries to customers' doors in Houston following a successful pilot program in Scottsdale, Arizona.

Sibling rivalry: The Tesla Model Y takes on the Tesla Model 3

Tesla expanded its lineup with a fourth car named Model Y. It's an electric crossover positioned as a more spacious alternative to the Model 3. The two cars share about 75 percent of their components, but they're aimed at different buyers.

Automakers are spending billions on self-driving technology people are afraid of

Automakers are spending billions of dollars on developing the technology that will power self-driving cars, but research shows consumers have no interest in giving up control. Will they ever recoup their investment?

Can electric cars be S3XY? Tesla says yes with the new Model Y crossover

Tesla introduced a crossover named Model Y at its design studio in Los Angeles. It's a more spacious alternative to the Model 3 it shares 75 percent of its parts with, and is a smaller sibling to the Model X.

Adventurous and electric, Porsche’s second station wagon will arrive in 2020

The Mission E Cross Turismo concept Porsche unveiled during the 2018 Geneva Auto Show will morph into a production model tentatively named Taycan Cross Turismo. This 600-horsepower electric station wagon will arrive in showrooms by 2021.

Mustang-like and electrified. What did Ford just show a preview of?

Ford posted an enigmatic picture of a blue Mustang emblem on a black background right as Tesla prepared to introduce the Model Y. Is the Blue Oval teasing a hybrid Mustang, or is it previewing a Mustang-inspired, battery-powered crossover?

Amazon and Kia team up to simplify EV home-charging station installs

Kia Motors announced a new program with Amazon for electric vehicles. Customers planning to purchase a new Kia EV or PHEV can check out recommended Level 2 240-volt home charging stations and arrange installation in their homes.

Unrestrained by heritage, Polestar sets its sights on becoming a digital brand

With no heritage to worry about, Polestar is free to move full-speed ahead towards its goal of becoming a digital brand. All of the company's upcoming models will be electric, and they will inaugurate an Android-powered infotainment system.

Audi’s traffic light information system shows the challenges facing V2X tech

Audi’s traffic light information system is among the first commercial applications of potentially game-changing V2X tech. So how does it work in the real world? We spent a few days getting stuck at red lights to find out.
Emerging Tech

Awesome Tech You Can’t Buy Yet: Write music with your voice, make homemade cheese

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it sure is fun to gawk!