The new Cybertruck Only clause in Tesla’s purchase agreement stipulates that buyers cannot sell their new car during the first year without the express permission of the automaker, otherwise they could be sued. The company has renewed its vehicle order agreement ahead of the first Cybertruck deliveries scheduled for November 30.
Tesla says it “may seek an injunction to prevent the transfer of ownership of the Vehicle” if buyers violate the resale provision, or “seek a fine of $50,000 or the resale value, whichever is greater,” Engadget reports. The terms also warn that offending resellers may be banned from buying cars from Tesla in the future.
Tesla says it may make exceptions for some people who wish to sell their Cybertruck within the first year, but they must obtain written consent. If the company agrees, it will either buy back the vehicle at a reduced price, deducting $0.25 for each mile driven, plus wear and tear and the cost of any necessary repairs, or allow the owner to resell the pickup to a third-party buyer. Tesla’s Cybertruck will initially be delivered only to a small number of selected customers and will not be put into mass production until 2024, so it is natural that the company is trying to warn resellers who are looking to make money on a rare vehicle.
