Tesla has introduced a stringent resale policy, prohibiting buyers from selling the futuristic vehicle within the first year without explicit authorization. The Cybertruck Only clause, embedded in Tesla’s updated sales agreement, comes just ahead of the first Cybertruck deliveries slated for November 30.
Under the new terms, Tesla reserves the right to take legal action against buyers who violate the resale provision, with the company stating it “may seek an injunction to prevent the transfer of ownership” or impose a hefty fine of $50,000, or the resale value, whichever is greater. Engadget reports that offending resellers also risk being barred from future Tesla purchases.
Tesla does leave room for exceptions, indicating that some buyers may be granted written consent to sell their Cybertruck within the initial year. However, such instances will be evaluated on a case-by-case basis. If permission is granted, Tesla will either buy back the vehicle at a reduced price, factoring in mileage at $0.25 per mile, depreciation, and necessary repair costs, or allow the owner to resell to a third party.
This stringent policy aims to deter opportunistic resellers looking to capitalize on the exclusivity of the Cybertruck, which is initially being delivered to a select few customers and is set to enter mass production in 2024. By imposing these restrictions, Tesla seeks to maintain the rarity of the vehicle and ensure it reaches genuine enthusiasts rather than opportunistic resellers looking for a quick profit.
