ArenaEV.com ArenaEV.com

Facebook

Twitter

Instagram

RSS

Settings
Units
Power
Standard
Consumption
Currency

Log in

Login

I forgot my password
Sign up
ADVERTISEMENTS

Tesla will sue re-sellers of first delivered Cybertruck

  • Post your comment
  • Comments (2)

Max McDee, 13 November 2023

Tesla

The Cybertruck, a vehicle that has become almost mythical in the automotive world, is finally about to hit the roads. And to make sure early buyers are in for the truck itself rather than just looking to make a quick buck Tesla has introduced new resale restriction.

Tesla's update to its Motor Vehicle Purchase Agreement introduces a novel clause specifically for Cybertruck buyers: a prohibition on reselling the vehicle within the first year after delivery. This move is not entirely unprecedented in the automotive world, particularly in the realm of rare or highly sought-after vehicles. Similar restrictions have been seen with brands like Ferrari and Ford, especially concerning limited-edition models.

Tesla holds Cybertruck in tight grip - will sue early re-sellers

What sets Tesla's policy apart is the broader appeal and production scale of the Cybertruck compared to the niche, high-cost models typically associated with such restrictions. Tesla's stance is clear: no flipping of Cybertrucks for quick profits. Violation of this clause comes with a hefty penalty - a lawsuit for $50,000 or more, and potential exclusion from future Tesla purchases.

The rationale behind such a stringent policy is partly in Tesla's past experiences. The company has seen its vehicles, particularly early models, resell for significant premiums. Moreover, there's the concern about early models - often with more teething issues - landing in the hands of those more interested in profit than in the brand's ethos.

From a buyer's perspective, the clause is a mixed bag. On the one hand, it curtails the chaos of early model reselling and ensures a more controlled release. On the other, it imposes a notable limitation on ownership rights, which might not sit well with all customers. Tesla's policy, while aimed at maintaining the brand's integrity and market value, might be perceived as overly controlling or even elitist.

Tesla holds Cybertruck in tight grip - will sue early re-sellers

The Cybertruck's many delays, huge number of pre-orders and likely low production make it a prime candidate for high resale value, attracting potential scalpers. However, Tesla's method of curbing this practice might come across as heavy-handed to some consumers.

With the launch quickly approaching, the impact of this resale restriction will be watched closely by consumers and industry analysts alike. As Tesla navigates these uncharted waters, its policies' reception and effectiveness will be critical factors in shaping the company's future strategies and its relationship with its customer base.

Via

This article contains localized units and prices. Change settings.
Your choice
Related articles
  • Tesla slams brakes on rumor of hiring ex-Cruise executive Tesla slams brakes on rumor of hiring ex-Cruise executive
  • Tesla shakes up leadership as sales are tumbling Tesla shakes up leadership as sales are tumbling
  • Tesla under fire in France for "deceptive" practices amidst sales slump Tesla under fire in France for "deceptive" practices amidst sales slump
  • Tesla’s refreshed Model Y Performance breaks cover ahead of launch Tesla’s refreshed Model Y Performance breaks cover ahead of launch

Reader comments

?
  • Anonymous
  • 04N
  • 14 Nov 2023

tesla is made in china sold like american product hahahaha

  • Reply
?
  • Anonymous
  • NMv
  • 14 Nov 2023

Toyota had a better idea with the LFA, I think. To prevent scalpers, you could only lease the LFA for 2 years. Only after the lease was up, people could pay the residual to actually own it. But that meant for the first 2 years, owners didn...

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 2

  • Home
  • Compare
  • News
  • Terms
  • Reviews
  • About us
  • Tesla
  • Volkswagen
  • Audi
  • Porsche
  • BMW
  • Mercedes
  • Hyundai
  • Kia
  • Genesis
  • Renault
  • Nissan
  • Ford
  • Volvo
  • Polestar
  • Jaguar
  • Toyota
  • Mazda
  • Mini
  • MG
  • Vinfast
  • Lucid
  • Rivian
  • Cadillac
  • Chevrolet
  • GMC
  • Subaru
  • Nio
  • Xpeng
  • BYD
  • [..]

EV finder

ADVERTISEMENTS

Latest models

  • ModelXiaomi
    YU7 Max
  • ModelNissan
    Leaf 75kWh
  • ModelTesla
    Model S Plaid
  • ModelNissan
    Micra EV 52kWh
  • ModelTesla
    Model X Plaid
  • ModelGenesis
    GV60 Performance AWD

Featured

  • AC/DC - basics of EV charging explained AC/DC - basics of EV charging explained
  • Here's a breakdown of the cost of an EV battery Here's a breakdown of the cost of an EV battery
  • How big is the “fuel tank” of an EV? How big is the “fuel tank” of an EV?
  • EREV or Extended Range Electric Vehicle explained EREV or Extended Range Electric Vehicle explained
  • Peugeot e-208 tops 84 cars in ADAC's 2024 Ecotest, Model 3 ranks fourth Peugeot e-208 tops 84 cars in ADAC's 2024 Ecotest, Model 3 ranks fourth
ADVERTISEMENTS

Reviews

  • Hyundai Ioniq 5 77.4 kWh AWD review Hyundai Ioniq 5 77.4 kWh AWD review
  • Volkswagen ID.7 Pro review Volkswagen ID.7 Pro review
  • AITO M5 review AITO M5 review
  • Volkswagen ID.4 GTX review Volkswagen ID.4 GTX review

Home News Compare About us RSS feed Facebook Twitter Instagram

© 2022-2025 ArenaEV.com Mobile version EV Finder Glossary Privacy Terms of use

From the team behind
GSMArena.com