Tesla Updates Cybertruck Order Terms.
Tesla recently revised its motor vehicle purchase agreement, seeking to avoid scalpers. These updated terms and conditions strive to guard buyers against price gougers. The alterations were put in place to ensure that the vehicles go directly to occupants intending to use them for personal transportation. By amending the document, Tesla wants to protect customers from anyone trying to take advantage of the high demand of electric cars. This should lead to a fairer market and market prices.
Rumors have come to light that some unscrupulous individuals have taken advantage of highly desired vehicles previously, and now Tesla seems bent on preventing those same types of people from profiting at the expense of their new Cybertruck. This is an indicator that the controversial upcoming model may not be able to avoid this type of craziness.
Yes, indeed, the alteration to the purchase contract is valid for the first few editions of the Cybertruck. This does make sense, since the popularity of the model has already been impressively high even before its schedule release date on November 30th.
This five-page agreement covers the typical details of a purchase, such as warranties, privacy policies, and limitations of liability. On page three, however, there is a clause that reads: “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.”
“Signees of the Tesla Cybertruck must agree to not sell or otherwise attempt to sell the vehicle within the first year after delivery. This means that, once the buyer receives their Cybertruck, they must keep it for at least one year before attempting to resell it.”
Despite the no reseller policy, the company may decide to buy back the vehicle on a case-by-case basis. According to the purchase agreement, “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 firm is determined to carry out the stipulations related to reselling the Cybertruck. The purchaser covenant implies that the organization shall initiate legal action against anyone who transgresses the provisos outlined in the pact. Grammar checked.
The document states: “Tesla could seek an injunction to stop the transfer of ownership of the car or require you to pay liquidated damages of $50,000 or the value of what you received for the sale or transfer, whichever is higher. Additionally, Tesla could refuse to sell you any future vehicles.”
We understand that this may seem too intrusive for a buyer, and we get it. The initial launch of the Cybertruck has been indicated in the legal paperwork to be “limited” or not as big as other Tesla items. Regardless of whether you appreciate the Cybertruck or not, nobody wants to have to face opportunistic resellers – an issue that has troubled highly sought-after vehicles such as the Ford Bronco Raptor at launch.
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