Tesla Retracts Cybertruck Resale Restriction

Tesla Cybertruck Order Terms Updated

Today (11/15/2023), Tesla has taken action to amend their Cybertruck sales agreement, removing the prior restriction which barred those who purchased the vehicle from reselling it within one year. This alteration of policy grants owners the authority to re-sell their cars sooner rather than later if desired.

Tesla has just modified their automobile ordering agreement regulations to obstruct scalpers. The latest alterations came as a means to safeguard their customers against any type of opportunistic activity. Any order that looks suspicious and is suspected to be for resell purposes will now automatically be canceled. Certainly, the company wants to make sure everyone has fair access to their product range. This way, they can guarantee that every motor vehicle will find their rightful owner.

Rumors have been circulating of individuals seeking to gain an unjust profit from well-known and desired vehicles, yet Tesla’s endeavor to inhibit dealers reflects the reality that the debatable Cybertruck may not be excluded from the chaos.

Indeed, the modification of the ordering situation applies to the first few units of the Cybertruck. That conforms as well, since we’ve already observed an immense amount of fervor for the auto even years prior to its upcoming November 30th debut.

This five-page contract outlines the details of a purchase, including warranties, privacy policies, and restrictions of liability. On page 3, there is a section that states: “We may unilaterally cancel any order that we believe has been made with a view toward resale of the vehicle or that has otherwise been made in bad faith, and we’ll keep your order fee, order deposit, and transportation fee.”

“If you are a signee of the Cybertruck, you must agree that you will not sell or otherwise attempt to sell the vehicle within the first year after its delivery date. This is a condition of your purchase and must be adhered to in order to maintain the integrity of the Cybertruck’s unique design and features.”

Despite the policy of not allowing resale of vehicles within the first year of purchase, Tesla may offer to purchase the vehicle back on a case-by-case basis. This is outlined in the purchase agreement, which states: “If you must sell the vehicle within the first year following its delivery date for any unforeseen reason, and Tesla agrees that your reason warrants an exception to its no reseller policy, you agree to notify Tesla in writing and give Tesla reasonable time to purchase the vehicle from your at its sole discretion.”

The company is determined to enact strict guidelines with regard to the secondary sale of the Cybertruck. In line with the buyer arrangement, the firm intends to take legal action against anybody who has contravened the conditions stated in the contract.

The document outlines this by stating: “In the event of a breach of these terms, Tesla may pursue legal recourse such as seeking injunctive relief to prevent the transfer of title of the vehicle or demanding liquidated damages in the amount of $50,000 or the value received as consideration for the sale or transfer, whichever is greater. Furthermore, Tesla reserves the right to refuse to sell you any future vehicles.”

We understand why buyers may be apprehensive about the Cybertruck’s initial rollout. After all, the legal document states that it will be “limited” compared to other Tesla products. Not to mention, no one wants to be taken advantage of by opportunistic resellers – something that has been a huge issue with the launch of the Ford Bronco Raptor.