Early buyers of Tesla’s new Cybertruck could be forced to hand over $50,000 to the automaker if they try to sell the electric pickup within the first year of purchase.
The long-awaited Cybertruck will be delivered to its first customers at a special event later this month, although the vehicle is not expected to enter mass production until 2025.
Aware that some buyers may want to take advantage of the Cybertruck’s shortage, Tesla said that retailers of the vehicle need a valid reason and written permission from the automaker – or face prosecution.
A “Cybertruck Special” section. recently added to the Tesla Motor Vehicle Order Agreement says: “You agree that you will not sell or attempt to sell a Vehicle within the first year following the delivery date of your Vehicle.”
It says that if the vehicle is sold without the automaker’s permission, “Tesla may seek injunctive relief to prevent the transfer of title to the Vehicle or seek damages from you in the amount of $50,000 or the value received in consideration for such sale or transfer, whichever is greater.”
It adds that if customers violate the terms of the agreement, they “may also refuse to sell you future vehicles.”
If Tesla agrees that customers have a valid reason to sell their new Cybertruck within 12 months of purchasing it, the automaker can buy it back at the original purchase price “less $0.25/mile, reasonable wear and tear and repair costs. Vehicles for Tesla Used Vehicle Cosmetic and Mechanical Standards.”
Additionally, if Tesla permits resale but refuses to repurchase it, the customer may sell it to a third party, but only after receiving written approval from Tesla.
While most Cybertruck buyers will happily keep their shiny new pickup, some may be considering making a quick buck by selling it for a much higher price. Until now, that’s all.
Tesla launched its unusual-looking pickup in 2019 and has reportedly received more than a million pre-orders, with each customer putting down a $100 deposit.
Although the automaker initially said the Cybertruck would be priced at $39,900, in 2021 it removed the price from its website, indicating it would be much more expensive when it becomes available.
More details will be revealed at the Cybertruck launch event on November 30.
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