A new “Cybertruck Only” condition in Tesla’s purchase agreement states that purchasers may be sued if they sell their new car within the first year without prior authorization from the automaker. The company recently amended its Motor Vehicle Order Agreement in preparation for the first Cybertruck deliveries, which it stated last month are scheduled on November 30.
Tesla “may seek injunctive relief to prevent the transfer of title to the Vehicle,” according to the provisions, which have been making the rounds on social media this weekend if buyers violate the resale provision, or it may “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.” The conditions also state that violators may be prevented from purchasing vehicles from Tesla in the future.
If a customer wants to sell their Cybertruck during the first year, Tesla said it might make an exception, but they’ll need to get formal approval. If the company agrees, it will either buy the automobile back at a lower price — deducting $0.25 for each mile traveled, plus wear and tear and the cost of any necessary repairs — or it will sell the car at a higher price.
It seems to sense that Tesla is trying to get ahead of resellers hoping to profit from the vehicle’s scarcity, as the Cybertruck will only be offered to a limited number of chosen clients at first and won’t go into mass production until 2024.