Once you purchase a vehicle, it’s typically yours to sell as you please. However, this isn’t the case for the Tesla Cybertruck.
“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.” Enthusiastic buyers of the stainless steel electric Cybertruck may not be concerned about this provision at all. If they do need to resell it, there’s a proper way to go about it, according to the terms:
If you must sell the Vehicle within the first year following its delivery date for any unforeseen reason, and Tesla agrees that your reason warrants an exception to its no-reseller policy, you agree to notify Tesla in writing and give Tesla reasonable time to purchase the Vehicle from you at its sole discretion and at the purchase price listed on your Final Price Sheet less $0.25/mile driven, reasonable wear and tear, and the cost to repair the Vehicle to Tesla’s Used Vehicle Cosmetic and Mechanical Standards. If Tesla declines to purchase your Vehicle, you may then resell your Vehicle to a third party only after receiving written consent from Tesla.
Tesla, Inc.
While it might involve some time-consuming back-and-forth, getting permission to resell the vehicle is possible. However, if an owner overlooks or forgets about these terms, penalties could ensue.
“You agree that in the event you breach this provision, or Tesla has a reasonable belief that you are about to breach this provision, Tesla may seek injunctive relief to prevent the transfer of title of the Vehicle or demand liquidated damages from you for $50,000 or the value received as consideration for the sale or transfer, whichever is greater.”
If that’s not enough to discourage unauthorized sales in the first year, there’s another threat to consider: “Tesla may also refuse to sell you any future vehicles.” Interest in the unique pickup is substantial, with Elon Musk stating that over 1 million customers have made deposits for the Cybertruck. However, Tesla’s current production capacity is only about 125,000 per year, with plans to reach 250,000 by 2025.
