Man flips his number plate for nearly a 10,000 percent profit because he inadvertently was given something in demand

This man flipped his number plate for nearly a 10,000 percent profit because he was given something in demand.

Andrew Tesla had been driving around a car with a rather distinctive number plate for over twenty years.

Having originally paid $316 [£250] for it, he soon began getting offers to buy it.

With a whopping $29,743 sale, it’s safe to say that he made a mega profit.

DISCOVER SBX CARS: The global premium car auction platform powered by Supercar Blondie

The number plate that netted this man a 10,000 percent profit

Now, in the world of cars, it’s not unusual for certain number plates to sell for a ton of cash.

A rare number plate has previously sold for $9.5 million, so $29k is pretty modest by comparison.

Another plate netted $2 million based on a letter alone, and another car owner scored $350,000 just for having Batman’s name on the front of his car.

According to AbsoluteReg, the world’s most expensive is worth a jaw-dropping $20 million.

So really, we can’t be too surprised that Andrew’s T3SLA plate would bring in some money.

Andrew revealed his profit in a Facebook post back in 2016, when he wrote: “Sold my number plate this week and have paid out. T3SLA = $29,743 [£23,500], had to do it guys.”

He then confirmed that he’d had it for ‘over twenty years’ and had originally paid $316 for it from the Driver and Vehicle Licensing Agency.

Just to put this in perspective, this is a 9,300 percent increase, given that he sold it for 94 times more than the price he paid.

That’s a great pay day by anyone’s measure.

However, some internet users suggested he could have held out longer to get a bigger payout.

One wrote: “Sold out too soon. Mr. Musk would have paid a fortune for that!!!”

Another said: “For the right person, this plate could go for $100,000+ I think.”

Perhaps, but we’ll chalk this up as a case of ‘Woulda, coulda, shoulda’.

Why did this man make such a huge profit?

Assuming that the plate was bought in the 1990s, this would place it before the company Tesla was set up in 2003.

So really, Tesla was only the name of an inventor at the time – Nikola Tesla, who was best known for his contributions to the design of modern alternating current electricity supply systems.

Oh, that and being something of a renegade scientist who developed some seriously intriguing inventions.

But you can look that up for yourself.

Fast forward twenty years, and Tesla is a massive company worth a heap load of money.

In 2020, it was deemed to be the world’s most valuable automaker, and five years later, it’s still sitting pretty with a net worth of $1.14 trillion.

With those figures in mind, Andrew could have probably afforded to wait a few more years before cashing in.

But still, a profit of nearly 10,000 percent is pretty good by anyone’s standard.

Some cars wouldn’t even go for $29k, so fair play.