WTF?! Tesla’s Cybertruck lastly hits the roads this month after years of delays. Shopping for a novel car like this can undoubtedly include the chance that you simply will not prefer it, however no less than there’s at all times the choice to resell, proper? Not based on an replace to Tesla’s Motor Car Buy Settlement, which reserves the proper to sue Cybertruck homeowners for $50,000 or extra in the event that they attempt to promote their car within the first yr of possession.
As with all new and in-demand product, there’s an opportunity some folks will purchase a Cybertruck simply to resell it for a revenue. The truth that an early mannequin went for $400,000 at an public sale final month is more likely to have excited scalpers even additional.
However Tesla has added a piece to its Motor Car Buy Settlement titled “For Cybertruck Solely” that requires customers to agree to not promote or in any other case try to promote the car throughout the first yr following its supply date.
Any patrons who determine to disregard the warning could discover Tesla in search of injunctive aid to stop the switch of title of the Cybertruck. The corporate additionally calls for damages from the vendor within the quantity of $50,000 “or the worth acquired as consideration for the sale or switch, whichever is larger.”
If that is not sufficient of an incentive to keep away from flipping a Cybertruck, Tesla provides that anybody who does this will likely even be banned from shopping for certainly one of its automobiles sooner or later.
Excellent news for Cybertruck patrons: Tesla is contractually stopping reselling within the first yr of possession!
Tesla will obtain first proper of refusing to repurchase Cybertrucks.
If patrons break the contract, Tesla can sue for $50k or the revenue made on the sale.
You might… pic.twitter.com/5YPH07FAtO
– Matthew Donegan-Ryan (@MatthewDR) November 11, 2023
Tesla stated it might grant exceptions to some individuals who wish to promote their Cybertruck within the first yr – presumably if they should do it for the likes of medical causes. Nonetheless, they need to get written consent from the EV big first.
In these instances, Tesla will buy the truck itself. The corporate will scale back the worth it pays the proprietor by $0.25 for each mile on the clock, whereas put on and tear and the price of repairs will even be factored into the worth. The corporate stated it might doubtlessly enable the sale of the car to a 3rd social gathering, too.
Solely a small variety of choose clients will obtain a Cybertruck this month as mass manufacturing does not start till subsequent yr. The corporate says it presently has over 1,000,000 reservations for its new EV.