Tesla Removes No-Resale Clause for Cybertruck, Allowing Buyers More Flexibility

Tesla has made a significant change to its sales policy for the Cybertruck by quietly removing the no-resale clause that was initially enforced. This clause, which was added before the launch of the Cybertruck, was meant to prevent early buyers from reselling their vehicles at a profit.

When Tesla first introduced the Cybertruck, the company included a strict “no resell” clause in the purchase agreement for early VIN models. This clause warned buyers that they could face a lawsuit for $50,000 or more if they attempted to resell their vehicle too soon. Additionally, those who violated this rule risked being blacklisted by Tesla, meaning they would be banned from purchasing any Tesla vehicles in the future.

Despite these warnings, some early Cybertruck owners still tried to sell their vehicles, and a few even succeeded. However, the resale market for the Cybertruck started to decline by March 2024, about four months after the first deliveries began.

Fast forward to August 2024, and the situation has changed. Tesla has caught up with demand and has now stopped taking reservations for the Cybertruck in the U.S. Instead, customers can now order a Cybertruck and receive it within a few weeks.

With this shift, Tesla has decided to remove the no-resale clause from its purchase agreements. This means that new Cybertruck buyers are now free to sell their vehicles whenever they want, without any restrictions from Tesla.

This change gives buyers more flexibility and marks a significant shift in Tesla’s approach to managing the resale market for its vehicles.

Source: Electrek.co