• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Tesla says first Cybertruck customers to resell could face extremely harsh penalties

Home> Technology> News

Updated 13:07 13 Nov 2023 GMTPublished 12:28 13 Nov 2023 GMT

Tesla says first Cybertruck customers to resell could face extremely harsh penalties

You could be fined thousands of dollars by doing so

Niamh Shackleton

Niamh Shackleton

If you were hoping to buy a Cybertruck with the aim of reselling it, you might want to think twice.

People have been waiting years for Tesla's new Cybertruck to become available, and customers will finally get their hands on the futuristic-looking vehicles on 30 November.

Tesla founder Elon Musk has made a lot of promises about the highly anticipated truck, including that it will be waterproof and can be used as a boat, as well as a car.

The body of the truck is also extremely durable - with Joe Rogan having shot a bow and arrow at Musk's car for it to only leave a minor dent.

With the high spec that's expected of the Cybertruck, it's understandable that a lot of people want to get their hands on one.

Advert

As of July of this year, it was reported that almost two million people had preordered one - but if you'd ordered it with the intention of reselling it straight away, you'll be slapped with gnarly fine from Tesla.

In the terms and conditions of purchasing the car, it outlines that customers could face a $50,000 fine for reselling the truck within a year of purchase.

The first Cybertruck customers will get their cars later this month.
FREDERIC J. BROWN/AFP via Getty Images

Part of the contract reads: "If you must sell the Vehicle within the first year following its delivery date for any unforeseen reason, and Tesla agrees that your reason warrants an exception to its no reseller policy, you agree to notify Tesla in writing and give Tesla reasonable time to purchase the Vehicle from you at its sole discretion and at the purchase price listed on your Final Price Sheet less $0.25/mile driven, reasonable wear and tear, and the cost to repair the Vehicle to Tesla’s Used Vehicle Cosmetic and Mechanical Standards."

Advert

It goes on to explain that if you resell the car without Tesla's consent, the car manufacturer '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'.

Yeesh.

Adding further salt to the wound, it says that Tesla may also refuse to sell you future vehicles.

Telsa is threatening to fine people as much as $50k.
Smith Collection/Gado/Getty Images

Advert

While Musk has long hyped up the Tesla Cybertruck, the multibillionaire appears to have made a bit of a U-turn with his hopes for the car and admitted that the company might have 'dug its own grave'.

In the wake of Tesla's disappointing Q3 earnings, Musk said: "We dug our own grave with the Cybertruck."

He went on note that 'there will be enormous challenges in reaching volume production with the Cybertruck and then making the Cybertruck cashflow positive', but insisted that this is 'simply normal'.

Featured Image Credit: ROBYN BECK/AFP via Getty Images/ Allen J. Schaben / Los Angeles Times via Getty Images

Topics: Tesla, Elon Musk, Cars, Electric Cars, Technology, Money

Niamh Shackleton
Niamh Shackleton

Niamh Shackleton is an experienced journalist for UNILAD, specialising in topics including mental health and showbiz, as well as anything Henry Cavill and cat related. She has previously worked for OK! Magazine, Caters and Kennedy.

X

@niamhshackleton

Advert

Advert

Advert

Choose your content:

10 hours ago
4 days ago
  • 10 hours ago

    Stephen Hawking's chilling alien doomsday prediction resurfaces amid scientist's urgent warning

    The late British scientist was vocal with his extra-terrestrial opinions

    Technology
  • 4 days ago

    Staggering distorted ‘sound’ from the early universe suggests that we are living in a massive void

    It's believed that there may be less galaxies near us than once thought

    Technology
  • 4 days ago

    Neuralink's first female patient shares bold plans after Musk chip lets her write for first time in 20 years

    Neuralink has now implanted nine patients with its BCI chip

    Technology
  • 4 days ago

    Expert labeled the 'godfather of AI' lists all jobs that will cease to exist

    The AI train is gathering momentum, but could it soon push people out of a job?

    Technology
  • Elon Musk forced to halt Cybertruck deliveries after vehicles fall apart as customers drive away
  • Warning to Tesla owners who drive five specific cars after 5,135,991 vehicles recalled
  • People divided after man tests how his Full Self-Driving Tesla reacts to different objects blocking the road
  • Elon Musk's Tesla forced to fix one mistake in 4,000,000 vehicles that could end up costing $10,000,000,000