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Reading: Tesla relaunches the $50,000 no-resale policy for the Cybertruck
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EV-a2z > News > Tesla relaunches the $50,000 no-resale policy for the Cybertruck
News

Tesla relaunches the $50,000 no-resale policy for the Cybertruck

Tesla combats Cybertruck flipping by reinstating a hefty penalty, ensuring fair distribution amidst limited supply and high customer demand.

EV-a2zm
Last updated: 2023/12/12 at 9:44 PM
EV-a2zm Published December 12, 2023 3 Min Read
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Tesla Cybertruck, courtesy Tesla
Tesla Cybertruck, courtesy Tesla
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Leading American electric automaker Tesla has reintroduced the anti-flipping clause to its Cybertruck Motor Vehicle Purchase Agreement after discreetly withdrawing it on November 14, an apparent effort to appease customers ahead of the Delivery Event on November 30.

Contents
What’s the issue?Tesla fights flippersAbout the Cybertruck

Now, the Musk-led company is once again threatening owners planning to resell their Cybertruck within the first 12 months of ownership with a $50,000 penalty.

#Tesla #Cybertruck's $50,000 No-Resale Clause Returns https://t.co/QGcgfi4cBD pic.twitter.com/4Obi8a4G9w

— TheTeslaLife (@TheTeslaLife) December 12, 2023

What’s the issue?

Tesla warned that ramping up Cybertruck’s production would take more than a year due to its design complexity and other relevant aspects. The company was only able to deliver the first ten (or so) units at the recent Delivery Event. 

Therefore, interested customers need to wait for a long time to receive their Cybertruck pre-orders. Alarmingly, reservation holders started emerging on various internet platforms to profit from the situation.

Tesla Cybertruck fan @Greggertruck shared in an X post that people are now trying to resell their reservations for early production slots on eBay, with asking prices reaching an astounding $350,000.

Cybertruck reservations on eBay asking as high as $350,000! Pure insanity. pic.twitter.com/RM7i7awRnG

— Greggertruck (@greggertruck) December 10, 2023

Tesla fights flippers

Tesla revived the clause in the Cybertruck Motor Vehicle Pre-Order Agreement that states the company “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.”

InsideEVs noted that Tesla employed the “exact same language” it used in mid-November, per the screenshots of @Greggertruck.

The “no resale” provision is BACK for Cybertruck orders! 🙂 pic.twitter.com/WMtJPF2PeM

— Greggertruck (@greggertruck) December 9, 2023

As you can see in the document, a Cybertruck owner who has no official permission to resell the vehicle may have Tesla “seek injunctive relief to prevent the transfer of title of the vehicle.” 

More importantly, the automaker can sue the violator for $50,000 or more. These consequences could already apply when “Tesla has reasonable belief that you are about to breach this provision.”

About the Cybertruck

Presented below are the key specifications of the Cybertruck, as released by Tesla’s official website:

Tesla CybertruckRear-Wheel DriveAll-Wheel DriveCyberBeast
Price$60,990$79,990$99,990
Range250 miles340 miles320 miles
Range with extender???Not mentioned470+ miles440+ miles
Acceleration 0-60 mph6.5 sec3.9 sec2.6 sec
Top speed112 mph112 mph130 mph
Power–600 hp845 hp
Torque–7,435 pound-feet10,296 lb-ft
Towing capacity–Up to 11,000 lbsUp to 11,000 lbs
Payload–Up to 2,500 lbsUp to 2,500 lbs

Going back, Tesla has yet to clarify whether the no-resale policy would only apply to the Foundation Series Tesla Cybertruck or also to regular retail orders. 

Considering the people’s attempt to unjustly profit from the Cybertruck’s limited supply situation, it is unsurprising that Tesla is trying to prevent it. It would be crucial for the automaker to protect its customers and, most of all, its business against flippers.

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TAGGED: Electric Vehicle, EV, Tesla, Tesla Cybertruck, USA
EV-a2zm December 12, 2023 December 12, 2023
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