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

Niamh Shackleton

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

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

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.

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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.

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.

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

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'.

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

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'.

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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'.

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

Niamh Shackleton
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