How much is a gold-plated Tesla Cybertruck worth? Unfortunately, not as much as one YouTuber thought.
JerryRigEverything is famous on YouTube for deep-diving into tech gadgets to show how they work — and for destroying phones and smartwatches to see how they hold up to scratches, burns and attempted bending.
However, the Youtuber, whose real name is Zack Nelson, decided to branch out from his usual content and do something a little different: customize a Cybertruck with gold plating, then give it away in a sweepstakes.
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Unfortunately, things did not go according to plan.
Gold-plated Cybertruck brings the bling — but not the big bucks
Despite the gold-plated truck’s impressive exterior, the vehicle’s actual value turned out to be much less than Nelson had hoped.
While the Cybertruck itself started at around $99,000, Nelson said he spent $60,000 to get it gold-plated in 2024. According to a Yahoo report, the plating was 99.7% gold, with a small amount of cobalt added for durability.
There was just one big problem. The sweepstakes winner did not want the truck and took a cash prize instead, leaving the YouTuber with a very expensive EV that had just 6,900 miles on it. Nelson decided to auction it off with Doug DeMuro’s Cars & Bids and was confident enough to list it with no reserve price.
Unfortunately, despite the listing being viewed more than 152,000 times and earning a total of 22 bids, the final price was just $102,000 — close to $60,000 less than what it likely cost, especially considering the truck also included an iPhone that works as the key, as well as an autograph on the front, all-weather floor mats, and Ridge and 24K gold decals on the body.
Nelson likely wasn’t too upset, though, since he donated all the proceeds from the sale to the Not A Wheelchair Foundation.
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Car modifications aren’t always worth what you pay
While JerryRigEverything’s transaction turned out fine and the buyer and charity both ultimately benefited, not everyone can afford to lose thousands on a vehicle modification. And unfortunately, that’s a very real risk.
“When you make an expensive modification, you have to consider the market for it,” Melanie Musson, an insurance and finance expert at Clearsurance.com, told Moneywise. “Purely cosmetic upgrades add as much value as someone is willing to pay.”
Musson explained that “cosmetic modifications are highly subjective,” with some people potentially loving what you’ve done, and others hating the modifications. She advised that if you’re doing the modifications purely for your own pleasure, you can spend what you can afford. But if you’re doing modifications for sale, it’s important to know your market.
Alan “Ollie” Gelfand, owner of German Car Depot, agreed, telling Moneywise, “Some mods can make a vehicle more desirable to the right person, especially when you can prove they are professionally done, documented, rare or popular enough, or easily reversible. However, be wary of cosmetics, extreme suspension conversions or changes, weird paint or wraps. And heavily modified drivetrains can very easily reduce the value when you go to resell.”
Unfortunately, this may have been Jerry’s problem here. The customization was too specific and could create complications down the road.
“A 24K gold-covered truck doesn’t have a following,” Musson said. “It’s the kind of modification that increases the buyer’s risk. If someone knows you have a 24K gold-covered Cybertruck in your garage, your home insurance and car insurance risk shoots up. There are more factors to consider than just the cost of the modification.”
So, everyday drivers should take heed that even a famous YouTuber couldn’t make an ultra-specific car mod pay off in the end.
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Christy Bieber is a US based personal finance and legal writer who has 15 years of experience. She has written for many publications including Forbes, Kilplinger, CNN, WSJ, Credit Karma, Insurify and more.
