Saturday, November 22, 2025

Latest

Tesla Backs Off Controversial Cybertruck ‘No Resale’ Policy

Tesla has quietly removed language from its sales agreement outlining the “no resale” policy for the Cybertruck. 

This change comes in the wake of widespread backlash after reports that the automaker might take legal action against buyers attempting to sell the vehicle within the first year. The policy was first reported over the weekend when an unusual paragraph titled “For Cybertruck Only” was discovered in the motor vehicle order agreements for the Model 3 and Model Y.

Previously, the policy, positioned between sections titled “No Resellers; Discontinuation; Cancellation” and “Default and Remedies,” allowed the automaker to potentially sue buyers for $50,000 — or more, depending on how much it was sold for — if they resold the vehicle without permission within the first year post-delivery. 

While resale to Tesla was allowed, it required written notification and the company’s approval, with Tesla repurchasing the vehicle from the approved buyer at the purchase price listed on the Final Price Sheet, minus $0.25 per mile driven.

Related: Elon Musk On Tesla Cybertruck: “Hard To Make The Cost Affordable”

This section seems to have disappeared from the sales agreement on the website. However, it remains uncertain whether Tesla intends to introduce a similar clause in the future. 

Initial deliveries for the long-delayed Cybertruck are expected to go out beginning November 30.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

First Majestic Q3 Earnings: Another RECORD Quarter!

Barrick Q3 Earnings: Juicing Shareholder Returns Amid Declining Production

Wheaton Q3 Earnings: Cash Operating Margins Skyrocket

Recommended

Altamira Gold Encounters Second Porphyry Body, Hitting 3.5 g/t Gold Over 8.0 Metres

Canadian Copper Set To Submit Environmental Impact Assessment In H1 2026 For Murray Brook

Related News

UPDATED: Elon Musk Sells $4.98 Billion Worth Of Tesla Stock Over The Last Three Days

True to his Twitter poll which totally cannot be messed with and is most certainly...

Wednesday, November 10, 2021, 07:28:32 PM

Used Tesla Prices Hit Record Low

Tesla (Nasdaq: TSLA) continues to feel the consequences of its massive price cuts. Data from...

Tuesday, February 13, 2024, 02:09:00 PM

Tesla Poised to Become First Stock to Amass $20 Billion of Short Interest

As Tesla’s (NASDAQ: TSLA) stock continues to surge to record levels, Elon Musk cannot help...

Sunday, July 12, 2020, 01:48:00 PM

Move Over, Tesla! Xpeng Motors Launches New Driver Assistance Features to Upstage Autopilot

Tesla (NASDAQ: TSLA) may soon have a real rival hot on its heels, after local...

Monday, October 25, 2021, 04:43:00 PM

Elon’s Twitter Takeover “Not About The Money”

Could any serious takeover of Twitter Inc. (NYSE: TWTR) ever be anything but hostile? Last...

Tuesday, April 19, 2022, 03:45:00 PM