Tesla introduces a stringent Cybertruck Only clause, forbidding buyers from reselling their newly acquired vehicle within the first year without explicit approval. The automaker updated its sales agreement ahead of the inaugural Cybertruck deliveries set for Nov. 30, invoking a hefty penalty of $50,000 or the resale value—whichever is greater—if violated, as reported by Engadget.
Tesla asserts its right to seek an injunction against unauthorized ownership transfer, potentially taking legal action. Reselling breaches could also result in buyers being barred from future Tesla purchases. However, Tesla hints at flexibility, considering exceptions for those seeking early resale, contingent on written consent.
If approved, Tesla offers alternatives: a buyback option at a reduced price, accounting for mileage at $0.25 per mile plus depreciation and repairs, or permission to resell to a third party. This move is aimed at protecting the Cybertruck’s rarity, set to be delivered to a select few initially, with mass production slated for 2024. Tesla’s message is clear: safeguarding the Cybertruck’s exclusivity and deterring opportunistic resellers looking to capitalize on its scarcity.