Friday, May 30, 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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Consumer Reports Berates Tesla’s Full Self-Driving Software Testing on Public Roads

It appears that the barrage of problems facing Tesla are never-ending. Despite the EV maker’s...

Tuesday, July 20, 2021, 06:38:45 PM

Apple’s Rumored Entry into EV Industry Has Implications for Miners of EV Battery Metals

This week, market reports of Apple’s potentially producing a battery-powered electric vehicle (EV) again began...

Sunday, December 27, 2020, 09:00:00 AM

Tesla Amends Lithium Deal With Piedmont Lithium

Piedmont Lithium (Nasdaq: PLL) stated on Tuesday that it has revised its deal with Tesla...

Thursday, January 5, 2023, 06:21:00 AM

Elon Musk: SpaceX to Land on Mars by 2022, Humans to Reach Red Planet Few Years Later

All of Tesla’s recent fiascos aside (Model Y roofs flying off, NHTSA investigations into Model...

Wednesday, December 2, 2020, 04:54:00 PM

Tesla Recalls Almost 50,000 of its Electric Vehicles Sold in China Over Suspension Defects

Despite Tesla’s astronomical $400 billion market cap, the flamboyant electric vehicle company is being hammered...

Friday, October 23, 2020, 04:01:00 PM