Tesla’s long-awaited Cybertruck is set to be released on November 30th, and the company has just revealed that owners of the electric pickup truck will be prohibited from reselling their vehicles for a year. According to the terms and conditions laid out Tesla, customers receiving the first Cybertrucks will be prevented from selling or attempting to sell the vehicles within the first year following the delivery date.
The new rules were added to Tesla’s Motor Vehicle Order Terms under a section titled “For Cybertruck Only.” The company states that if a customer sells their Cybertruck within the first year, Tesla may seek injunctive relief or demand liquidated damages, and could refuse to sell the customer any future vehicles. However, there are exceptions. If a customer has a good reason to sell their Cybertruck, Tesla may agree to buy it back at the original price minus certain costs.
Furthermore, the resale of Tesla vehicles can be quite complex, particularly due to the subscription model for the software used in Tesla electric vehicles. For example, Fast Company reported that the Full Self-Driving (FSD) feature, which costs up to $199 per month, is not transferable to a new owner.
With an initial price tag of $39,900, the Cybertruck was expected to revolutionize the electric pickup market, but due to the expensive building materials, it is likely to be much more expensive. Tesla CEO Elon Musk has predicted that the Cybertruck could reach production levels of a quarter million units 2025.