Buyers of the initial batch of Tesla Cybertruck that will get the delivery in November won’t be able to resell their vehicles within the first year. This is outlined in the newly incorporated “For Cybertruck Only” section within Tesla’s Motor Vehicle Order Agreement. It reads: “You agree that you will not sell or otherwise attempt to sell the Vehicle within the first year following your Vehicle’s delivery date.”
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Tesla May Agree to Buy Back Cybertruck
“Tesla may seek injunctive relief to prevent the transfer of title of the Vehicle or demand liquidated damages from you in the amount of $50,000 or the value received as consideration for the sale or transfer, whichever is greater. The carmaker may also refuse to sell you any future vehicles,” it further reads. However, in case a Cybertrukc owner has a genuine reason to part ways with his truck, Tesla may agree for a buy back at the original selling price minus “$0.25/mile driven, reasonable wear and tear, and the cost to repair the Vehicle to Tesla’s Used Vehicle Cosmetic and Mechanical Standards.”
If Tesla declines to buy back the vehicle, it might allow the customer to sell it to another party. Reselling, however, can be intricate due to the software subscription model prevalent in Tesla EVs. Notably, the Full Self-Driving feature, priced at up to $199 per month, is non-transferable to a new owner, as reported by Fast Company.
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Elon Smoking some good dope…..
Tesla has released the sale terms for its long-awaited Cybertruck ahead of its November 30 release.
Owners of the EV pickup truck are banned from reselling their vehicles during the first year.
Elon Musk hopes to produce a quarter of a million…
— Mr. Positive 👼🇭🇹🇻🇮 (@SickTv4k) November 12, 2023
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Deliveries to Start on November 30
Initially revealed in 2019, the Cybertruck represents Tesla’s entry into the electric pickup-truck market after years without a new product. While Tesla initially stated a starting price of $39,900, the actual cost is expected to be higher, influenced by the elevated expenses associated with premium building materials. Earlier this year, Elon Musk projected that it would require 12 to 18 months for the electric truck to make a substantial impact on cash flow. Musk expressed optimism about achieving an annual production of a quarter of a million Cybertrucks by 2025. A mega event on November 30 will witness the first deliveries taking place.
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