Tesla cracks down on Cybertruck resale with a $50,000 fine in the US

Tesla cracks down on Cybertruck resale with a $50,000 fine in the US

Tesla’s Cybertruck on display in Manhattan’s Meatpacking District in New York City, USA.

Amid the excitement surrounding the November 30 release of Tesla’s Cybertruck, potential buyers with resale intentions should exercise caution. Tesla has introduced a significant penalty for customers who attempt to resell their newly purchased Cybertruck within the first year of ownership, as detailed in a newly added section of the vehicle’s order agreement.

“You agree that you will not sell or otherwise attempt to sell the vehicle within the first year after your vehicle’s delivery date,” the company wrote in the legally binding document.

Also read | Elon Musk takes Israel’s prime minister for a ride in Tesla’s yet-to-be-launched ‘Cybertruck’

According to Gizmodo, the clause says dealers of the Cybertruck, Tesla’s long-awaited electric pickup truck set to begin deliveries on Nov. 30, could be barred entirely from buying Tesla vehicles again. Tesla is also threatening legal action against dealers and seeking injunctive relief of at least $50,000. Elon Musk’s electric car maker is asking anyone who wants to dump their Cybertruck to sell it back to Tesla or receive written consent from the company before selling it to a third party.

Tesla will make three models of the Cybertruck, a vehicle that can accelerate from zero to 60 miles per hour (100 kilometers per hour) in less than three seconds. The base model will cost $39,900 (roughly Rs. 32,03,700) and offer a 250-mile range between charges; the top-line truck will have twice the range and sell for $69,900 (roughly Rs. 57,41,900).

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