If you’re planning on purchasing a Tesla Cybertruck, hopefully you plan on driving it for a while.
Tesla has a clause in its purchase agreements specifically for the Cybertruck stipulating that buyers can’t sell the vehicle within the first year of ownership without explicit permission from Tesla. If you sell the truck without permission, Tesla can sue you.
The purchase agreement says that the company “may seek injunctive relief to prevent the transfer of title of the Vehicle” and that it might “demand liquidated damages from you for $50,000 or the value received as consideration for the sale or transfer, whichever is greater.”
Those who resell the vehicle without Tesla’s permission may also be barred from purchasing vehicles from Tesla again the future.
If Tesla does permit you to sell the vehicle before that year is up, the company says it will purchase the truck back itself, taking $0.25 off the purchase price for every mile you drove plus wear and tear and the cost of repairs. Or it may potentially allow you to resell it to a third party.
While the first Cybertrucks are expected to finally be delivered to customers later this month, Tesla’s Cybertruck isn’t expected to go into mass production until next year. Tesla’s update to its purchase agreement is potentially to help thwart would-be flippers who planned to purchase the truck early and then sell it at a substantial markup.
Tesla says it currently has over a million Cybertruck reservations.
