EV demand is so hot that Tesla owners are flipping their cars like houses


In June, Tesla raised the price of its Model Y by 5%, to US$65,990 (RM290,817), but that hasn't stopped the flippers. — Reuters

Dennis Wang lost money on his first try, but then he learned from his mistakes.

On his second effort as an electric vehicle flipper, Wang made US$4,000 (RM17,628). On his third, he hit what he considered the sweet spot, a US$7,000 (RM30,849) profit. All the deals involved Teslas that Wang bought and resold, flipping them like tickets to a hot concert.

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