Tesla: Cybertruck Buyers Cannot Resell Within the First Year
The Tesla Cybertruck is finally getting a formal reveal on November 30, four years after Elon Musk first announced it. While we still don’t have many details on the long-awaited EV, it appears Tesla is taking early steps to preempt the flippers that have ruined so many other recent vehicle launches. The automaker recently updated its Motor Vehicle Order Agreement Terms and Conditions to state that Cybertruck buyers cannot resell the truck for the first year of ownership.
The updated language states: “For Cybertruck only: You understand and acknowledge that the Cybertruck will first be released in limited quantity. You agree that you will not sell or otherwise attempt to sell the Vehicle within the first year following your Vehicle’s delivery date.”
Since there can be legitimate reasons to sell a vehicle within a year of buying, Tesla may grant an exception to buyers who request it in wiring. The automaker has the right of first refusal to repurchase the truck, and the owner can only resell it to a third party with its permission. If you’re caught breaking the policy, or if it can be proven that you plan to break it, Tesla states that it may “demand liquidated damages from you in the amount of $50,000 or the value received as a consideration for the sale or transfer, whichever is greater.”
[Image: Tesla]
Become a TTAC insider. Get the latest news, features, TTAC takes, and everything else that gets to the truth about cars first by subscribing to our newsletter.
Chris grew up in, under, and around cars, but took the long way around to becoming an automotive writer. After a career in technology consulting and a trip through business school, Chris began writing about the automotive industry as a way to reconnect with his passion and get behind the wheel of a new car every week. He focuses on taking complex industry stories and making them digestible by any reader. Just don’t expect him to stay away from high-mileage Porsches.
More by Chris Teague
Comments
Join the conversation
Right on Turo but not sure about the rest.
Here's some data via Canada (the chart/graph/infographic is interesting).
Apparently, Tesla has now removed the anti-flip clause:
https://insideevs.com/news/696250/tesla-cybertruck-flipping-lawsuit-removed/
Design legend Giorgetto Giugiaro on the Cybertruck: "When you step outside the norms, it's almost always seen as a provocation... and the Cybertruck will surely be successful, I'm sure of it."