In a move that definitely screams “We believe in our products!”, Tesla removed a clause from their Cybertruck purchase agreement. It clause they removed prohibited buyers from putting the truck back on the market within the first year of purchase. It’s almost as if the big wigs at Tesla saw that the truck was crap and needed a way for it to stay in owners’ hands.
Specifically, the clause said that Tesla “may seek injunctive relief to prevent the transfer of title of the Vehicle”. If you breach the resale provision, Tesla may “demand liquidated damages from you in the amount of $50,000 or the value receive as consideration for the sale or transfer, whichever is greater.” So much for owning your vehicle.
But it gets better! Those who purchase the Cybertruck and resale it could also be barred from purchasing Teslas again.
So, let me get this straight. When the clause was in the contract, I didn’t own my truck for a year because I’d have to pay Tesla if I sold it. Then, I can’t buy another Tesla because I sold it. Yeah, that definitely speaks to the confidence of your own brand.
However, Tesla isn’t the first company to use this clause. Electrek, who noticed the clause’s disappearance, also stated that similar clauses have been used by Ferrari, Ford, and Porsche. It is meant to keep people from scalping rare and expensive cars. That, I get.
So, either Tesla has no faith in its newest mass produced block of aluminum or they think the truck is so special that they have to protect it from scalpers.
Yeah, I’m gonna call bullshit on that last one.