Tesla has come up with a strange way to deal with massive resales of its Cybertruck electric pickup truck, which is due to start shipping on November 25.
In the order agreement, the company stipulated that the new owners of the pickup truck would not be able to sell it during the first year from the date of delivery. The only exceptions are those cases where car owners can justify the reason for the sale in writing and receive written permission from Tesla. In addition, they must give the company enough time to buy back the Cybertruck itself.
If the owners decide to sell the electric pickup at their own discretion, Tesla will demand compensation in the amount of $50,000 or a refund in the form of resale value, whichever is greater.
“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. Notwithstanding the foregoing, 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. You agree that in the event you breach this provision, or Tesla has 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 in the amount of $50,000 or the value received as consideration for the sale or transfer, whichever is greater. Tesla may also refuse to sell you any future vehicles,” the Tesla purchase agreement says.
From all of the above, it appears that Cybertruck owners essentially have no right to dispose of their property during the first year of ownership and sell the electric pickup at their own discretion.
Earlier, the first photos of the Tesla Cybertruck in black appeared, which showed the poor build quality of the electric pickup.