Tesla Will Sue…but will they?
Tesla will sue you according to an update to Tesla’s Motor Vehicle Purchase Agreement, Early Cybertruck owners will be prevented from reselling their vehicles until a year after they take delivery
Tesla will stop anyone from reselling a Cybertruck in the first year, and if a situation comes up where you have to resell the car, Tesla demands that you give it first right of refusal for the sale before putting it up to the public. And if you do resell your car and don’t tell Tesla about it, the company threatens to sue you for $50k (or more) and may not sell you any future vehicles.
The clause was added to Tesla’s Motor Vehicle Purchase Agreement. Under the “No Resellers” section, which normally stops dealerships from buying Teslas en masse to resell them, a section has been added labeled “For Cybertruck Only,” and reads thusly:
For Cybertruck Only:
You understand and acknowledge that the Cybertruck will first be released in limited quantity. You agree that you will not sell or otherwise attempt to sell the Vehicle within the first year following your Vehicle’s delivery date. Notwithstanding the foregoing, 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 you at its sole discretion and at the purchase price listed on your Final Price Sheet less $0.25/mile driven, reasonable wear and tear, and the cost to repair the Vehicle to Tesla’s Used Vehicle Cosmetic and Mechanical Standards.
If Tesla declines to purchase your Vehicle, you may then resell your Vehicle to a third party only after receiving written consent from Tesla. You agree that in the event you breach this provision, or Tesla has reasonable belief that you are about to breach this provision, 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.
Note that there are exceptions available – if you do have good reason to need to resell your vehicle, you can notify Tesla, and if Tesla says okay, then you can sell the car back to the company. But that depends on what buyback price Tesla comes up with, and whether it even decides to accept your reasoning in the first place.