Customers slated to receive their initial Tesla Cybertrucks this November will face restrictions on reselling their vehicles within the first year, in accordance with Tesla’s terms and conditions.
A new section, specifically designated as “For Cybertruck Only,” has been incorporated into Tesla’s Motor Vehicle Order Agreement to outline these fresh stipulations.
The clause explicitly states, “You agree that you will not sell or otherwise attempt to sell the Vehicle within the first year following your Vehicle’s delivery date.” Moreover, Tesla reserves the right to seek injunctive relief to impede the transfer of the vehicle’s title or demand liquidated damages amounting to $50,000 or the consideration received for the sale or transfer, whichever is greater. Additionally, Tesla retains the option to decline future vehicle sales to the customer.
However, in situations where a customer has a valid reason for selling their Cybertruck, Tesla may consider repurchasing it at the original price, deducting “$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 opts not to buy back the vehicle, the company may agree to permit the customer to sell it to another party.
Complicating matters further, the subscription-based nature of much of Tesla’s EV software, including the non-transferable Full Self-Driving feature costing up to $199 per month, poses challenges for resale. According to Fast Company, this feature cannot be passed on to a new owner.
Originally unveiled in 2019, the Cybertruck represents Tesla’s first foray into new product development in years and is poised to disrupt the electric pickup-truck market. Despite Tesla’s initial announcement of a starting price at $39,900, the actual cost is likely to be higher due to the utilization of expensive building materials.
During an earnings call earlier this year, Elon Musk acknowledged that it would take 12 to 18 months for the EV truck to significantly contribute to cash flow. He expressed optimism that Cybertruck production would achieve an annual volume of a quarter of a million units by 2025.
