Tesla prohibits the resale of Cybertruck new car owners for the first year, and violators may face a claim of $50000

On November 13th, it was announced that Tesla is expected to deliver the first batch of Cybertruck electric pickup trucks to customers by the end of November, but under Tesla's new terms, new car owners are unable to resell their vehicles within the first year.Tesla has added a section in its automotive order agreement that states in detail the new regulations, 'Only applicable to Cybertruck'

On November 13th, it was announced that Tesla is expected to deliver the first batch of Cybertruck electric pickup trucks to customers by the end of November, but under Tesla's new terms, new car owners are unable to resell their vehicles within the first year.

Tesla has added a section in its automotive order agreement that states in detail the new regulations, 'Only applicable to Cybertruck'.

The chapter states: 'You agree not to sell or otherwise attempt to sell the vehicle within the first year after delivery.'

In addition, the chapter also mentions: "Tesla may seek injunctions to prevent the transfer of vehicle ownership, or require you to pay a penalty of $50000 or the higher of the transfer profit amount. In the future, Tesla may also refuse to sell vehicles to you

If customers have legitimate reasons to sell their Cyberrack, Tesla may agree to repurchase it at the original price, minus "a reasonable wear and tear cost of $0.25 per mile, normal wear and tear of the vehicle, and the cost of repairing the vehicle to Tesla's used car appearance and mechanical standards.

If Tesla is unwilling to repurchase the vehicle, the company may agree to have the customer sell it to someone else.

Considering that most of the software used by Tesla electric vehicles adopts a subscription model, resale may become complex. According to reports, the "Fully Autonomous Driving" (FDS) feature costs up to $199 per month and cannot be transferred to new car owners.

Cybertruck is Tesla's first new product in many years, first released in 2019, and is expected to have a significant impact on the electric pickup truck market. Tesla initially stated that the starting price of the car was $39900, but due to expensive building materials, the actual price may be higher.

Tesla CEO Elon Musk stated in a earnings conference call earlier this year that it will take 12 to 18 months for this electric pickup truck to become a significant contributor to cash flow, and he hopes that by 2025, the annual production of Cybertruck can reach 250000 units. (Small)