Tesla Cybertruck can’t be resold in year one sans permission
Generally, once you buy a vehicle and it’s yours, there’s nothing to stop you from selling it to someone else. But this is not the case for the You’re here Cybertruck.
A section entitled “For Cybertruck Only” in the Tesla Motor Vehicle Ordering Terms begins:
“You understand and acknowledge that the Cybertruck will initially be released in limited quantities. You agree not to sell or attempt to sell the vehicle during the first year following the delivery date of your vehicle.
Of course, many enthusiastic buyers of the stainless steel electric Cybertruck, some of whom soon to receive their vehicle, will not care about this provision, which Insider surfaced, at all. And if for some reason they need to resell it, there is a good way to do it, depending on the conditions:
“If you must sell the vehicle within the first year after its delivery date for an unforeseen reason and Tesla agrees that your reason warrants an exception to its no-resale policy, you agree to notify Tesla in writing and to give him a reasonable period of time to purchase the vehicle. Vehicle from you, in its sole discretion and at the purchase price indicated on your final price sheet, less $0.25/mile driven, reasonable wear and tear and the cost of repairing the vehicle to the aesthetic and mechanical standards of used Tesla vehicles. If Tesla refuses to purchase your vehicle, then you may resell your vehicle to a third party only after receiving written consent from Tesla.
The back and forth could therefore take time, but it would be possible to obtain authorization to resell the vehicle. But if a Cybertruck owner neglects or simply forgets these conditions, be careful: penalties could follow.
“You agree that if you violate this provision, or if Tesla has reasonable grounds to believe that you are about to violate this provision, Tesla may seek an injunction to prevent the transfer of title to the vehicle or seek damages from you- interest in the amount of $50,000 or the value received in consideration for the sale or transfer, whichever is greater.
If that wasn’t enough to discourage someone from selling without permission in the first year, there’s another threat to consider: “Tesla may also refuse to sell you future vehicles.”
Tesla has no shortage of customers interested in this unusual pickup. CEO Elon Musk said last month, more than a million customers made deposits for the Cybertruck. On the other hand, the company’s production capacity now only amounts to around 125,000 people per year. It hopes to reach 250,000 by 2025.
