esla continues to expand its electric vehicle lineup, and the next addition to the family is the Cybertruck, which looks like it came straight out of a science fiction movie. Initially revealed in 2019, the vehicle is now in mass production, with deliveries starting from November 30. However, as expected, the initial number of delivered vehicles will be limited. While the company anticipates an increase in this number over time, Tesla is taking precautions to prevent opportunistic actions. Therefore, Tesla has decided not to allow the resale of Cybertruck in the second-hand car market.

Tesla Cracks Down on Cybertruck Resale Flipping with Year-Long Ban

Tesla recently reached out to some fortunate customers, informing them that they will be among the first to receive the Cybertruck. Shortly after this announcement, opportunistic behavior emerged. For instance, a person in Los Angeles auctioned off their reservation and earned a substantial $400,000. Such incidents raised concerns for the company. As a response, Tesla plans to have customers who receive the Cybertruck before delivery sign a special agreement.

Cybertruck

According to this agreement, new Cybertruck owners will commit not to sell their vehicle for the first year. While this agreement is not binding, if an owner wishes to sell within the initial year, they must first contact Tesla and offer the vehicle to the company. If Tesla declines to purchase, only then can the owner sell to a third party. Failure to comply with this process and selling without Tesla’s knowledge may result in legal action, with the seller facing a penalty of at least $50,000. The contract terms that customers must accept are as follows:

  1. You understand and agree that Cybertruck will be produced in limited quantities initially.
  2. You agree not to sell or attempt to sell the vehicle within the first year following the delivery date. However, if you must sell the vehicle due to an unforeseen reason within the first year, and Tesla acknowledges that the reason qualifies for an exception to the no reseller policy, you must inform Tesla in writing and provide a reasonable period for Tesla to respond.
  3. Tesla has the option, at its discretion, to purchase the vehicle from you at a price $0.25/km less than the purchase price listed in the applicable Final Price Sheet, plus reasonable wear and tear, and repair costs to meet Tesla’s Second-Hand Vehicle Cosmetic and Mechanical Standards.
  4. If Tesla refuses to purchase the vehicle, you may only sell it to a third party after obtaining written permission from Tesla.

In case of a breach of these terms or if Tesla reasonably suspects a violation, Tesla may seek an injunction to prevent the transfer of ownership of the vehicle or demand compensation of $50,000 or the greater of the sale or transfer amount. Tesla also reserves the right to refuse to sell any future vehicles to you.

It’s worth noting that even the auctioned reservation reached a value of $400,000. YouTubers and many others will likely desire these vehicles, and some may even offer to cover the penalty themselves. Therefore, it wouldn’t be surprising if the company finds itself frequently dealing with legal matters involving customers in the future.

RELATED:

(via)

RELATED ARTICLESMORE FROM AUTHOR