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Los Angeles Times
Los Angeles Times
Business
Ronald D. White

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

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 $4,000. On his third, he hit what he considered the sweet spot, a $7,000 profit. All the deals involved Teslas that Wang bought and resold, flipping them like tickets to a hot concert.

"I have a Model S currently that I'm probably going to sell within another three months, pending the market," Wang said. "I also have another Model Y and a Model X on order."

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