Prospective buyers of the Tesla Cybertruck EV have to agree not to sell the truck within the first year of ownership, or they’ll face a lawsuit of $50,000 of greater. The rule is part of the terms and conditions in the Tesla Motor Vehicle Order Agreement, and applies specifically to the Cybertruck.
“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”, according to the report.
The bizarre agreement may allow exceptions if Tesla decides the customer has a good reason for selling the electric truck. This news comes at a time when there is uncertainty surrounding the Cybertruck pricing due to increasing materials costs. The truck was originally slated to start at a cost of $39,900. The truck is now expected to cost far more than that, blindsiding efforts to sell the durable, high performance truck on its competitive price.
Regardless of the reason, the anti-resale agreement will surely deter some buyers from purchasing the EV, as people aren’t too fond of entrapment policies.