Home ยป Restrictions Imposed by Tesla’s Contract: Prohibiting the Resale of Cybertruck for a Full Year, Unless Authorized by the Company

Restrictions Imposed by Tesla’s Contract: Prohibiting the Resale of Cybertruck for a Full Year, Unless Authorized by the Company

The highly anticipated Tesla Cybertruck, an electric pickup truck, is set to be delivered to customers starting on November 30th. However, there is an interesting observation in the contract documents regarding the resale of the Cybertruck.

According to the agreement, buyers are not allowed to resell the Cybertruck within a one-year timeframe without notifying Tesla for approval. In the event that a resale is desired, Tesla has the option to buy back the vehicle at a discounted price, calculated based on mileage and other factors, or the buyer may opt to sell it to another party.

Furthermore, Tesla emphasizes that if unauthorized resale is discovered, it will be considered a violation of the agreement, and Tesla may seek damages of $50,000 or even more if the resale price exceeds that amount. Additionally, Tesla reserves the right to deny future vehicle sales to such buyers.

In summary, the Tesla Cybertruck, with its scheduled delivery date approaching, comes with restrictions on resale, requiring buyers to obtain approval from Tesla. Failure to comply with these terms could result in substantial penalties and potential denial of future vehicle purchases.

TLDR: The highly anticipated release of Tesla’s electric pickup truck, the Cybertruck, is fast approaching. However, buyers should take note of the resale restrictions, which require approval from Tesla and could result in penalties if violated.

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