- Tesla released the terms of sale for its eagerly awaited Cybertruck before its debut on November 30.
- EV pickup truck owners cannot sell their vehicles for the first year after purchase.
According to Tesla’s terms and conditions, customers scheduled to receive the first Tesla Cybertrucks this November are not permitted to resell their cars for the first year.
The updated Motor Vehicle Order Agreement from Tesla included a “For Cybertruck Only” section outlining the new guidelines.
“You agree that you will not sell or otherwise attempt to sell the Vehicle within the first year following your Vehicle’s delivery date,” it says.
“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,” it says.
However, Tesla may consent to purchase a Cybertruck back from a client if they have a legitimate cause to sell it, 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.”
However, Tesla may consent to purchase a Cybertruck back from a client if they have a legitimate cause to sell it, 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.”
Tesla may then consent to allow the customer to sell the car to another party if it decides not to buy it.
Reselling can be challenging because much of the software used in Tesla EVs is subscription-based. According to Fast Company, the Full Self-Driving option, which may cost up to $199 a month, cannot be transferred to a new owner.
The Cybertruck, initially unveiled in 2019, is Tesla’s first new product in a long time, and the electric pickup truck industry is expected to be significantly disrupted. Tesla first stated that the truck would start at $39,900, but given the high cost of the building materials, the final price will probably be substantially higher.
During an earnings call earlier this year, Elon Musk stated that he hoped to see a quarter of a million Cybertrucks produced annually by 2025, but he also stated that it would take a year to eighteen months for the EV truck to become a substantial cash-flow contributor.
