Tesla has released the sale terms for its long-awaited Cybertruck ahead of its 30 November release. According to Tesla’s terms and conditions, customers set to receive the first Tesla Cybertrucks this November will be prohibited from reselling their vehicles during the first year. The company added a section titled “For Cybertruck Only” to its Motor Vehicle Order Terms, which laid out the new rules.
“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 adds.
But if a customer has a good reason to sell their Cybertruck, Tesla may agree to buy it back at the original price minus “$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 does not want to purchase the vehicle, it may then agree to let the customer sell it to someone else.
Given the subscription model of much of the software that Tesla EVs use, resale can be complicated. For example, the Full Self-Driving (FSD) feature, which costs up to $199 per month, is not transferable to a new owner, Fast Company reported.
First announced in 2019, the Cybertruck is Tesla’s first new product in years, and it is expected to shake up the electric pickup truck market. Tesla originally said the price of the truck would start at $39,900, but it’s likely to be much more expensive than that due to pricey building materials.
Elon Musk said in an earnings call earlier this year that it would take a year to 18 months before the EV truck can become a significant cash flow contributor, adding that he hoped production of the Cybertruck would reach a quarter of a million by 2025.
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