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I'm curious how much you can get for a brand new 2005 Corolla. And don't forget to add storage costs.

They're not doing it with Corollas. They're doing it with Porsches and other sports cars.

Exactly what Tesla first did. Well, they a first did not have an existing ICE vehicle and based the styling off a Lotus Elise sports car.

They didn't based the styling only. They were using gliders[1] built by Lotus.

[1] chassis+body+suspension basically a car without powertrain and interior trim