Tesla's No-Resale Clause on Cybertruck Faces Challenges
Cybertruck Owners Flip Their New EV Like There's No Tomorrow, Despite No-Resale Clause đź”—
Despite Tesla's attempt to enforce a no-resale clause on the Foundation Series Cybertruck to prevent owners from flipping their vehicles for profit, many are still trying to sell them at significant markups. This clause prohibits selling the Cybertruck within the first year of delivery, allowing only resale to Tesla itself, or incurring a hefty fine. However, the allure of the Cybertruck's popularity has led numerous owners to bypass these restrictions, including creatively structuring sales through leases to avoid penalties. The ongoing demand and limited supply have encouraged a thriving secondary market, showcasing the difficulty in enforcing such resale restrictions.
- Tesla's no-resale clause aims to stop flipping but is largely ineffective.
- Owners have found loopholes, like selling leases instead of direct sales.
- High demand and limited availability of the Cybertruck fuel the resale market.
What is the purpose of the no-resale clause in the Cybertruck sales contract?
The no-resale clause is intended to prevent owners from selling their Cybertrucks for profit within the first year of delivery, ensuring that buyers are purchasing for personal use.
How have owners circumvented the no-resale clause?
Owners have circumvented the no-resale clause by structuring their sales as leases, allowing them to transfer ownership after a year without penalties.
What are the financial consequences for selling a Cybertruck before the one-year period?
If an owner sells their Cybertruck within the first year, they must either sell it back to Tesla or pay a fine of $50,000 or the profit made from the sale, whichever is greater.