This Tesla Cybertruck Legal Policy Already Changed 3 Times
Maybe you can flip your Tesla Cybertruck for a mountain of cash, and maybe you’ll get in trouble. Things are still up in the air as Tesla figures out what to do. Before selling your Tesla Cybertruck, try to understand its confusing policy first.
Tesla keeps flipping the Tesla Cybertruck anti-flip policy
When Tesla finally started delivering Cybertruck models after its embarrassing four-year delay, a threatening $50,000 lawsuit threat popped up in the Motor Vehicle Order Agreement. It went away, but now it’s back.
The Cybertruck Only clause stipulated that buyers couldn’t sell their Cybertruck during the first year of ownership unless they had explicit permission from Tesla, or they might get sued.
The agreement shared that Tesla may seek injunctive relief to prevent the title transfer of the vehicle. If the buyers breach the agreement then Tesla may demand $50,000 in liquated damages or the value received as consideration for the sale or transfer, whichever is greater.
But I wonder if you could flip your truck for more profit than the $50,000 fine. This is a side thought to explore at your own risk. Also, it warns that offenders could be barred from buying another Tesla vehicle in the future.
Initially, Owners could get written consent to sell the Cybertruck to a third-party buyer. Tesla may have offered to buy the vehicle back at a reduced price instead, accounting for $0.25 per mile driven, repair costs, and vehicle ware.
Why was the Cybertruck policy retracted?
After this clause was added to buyer agreements, Tesla Cybertruck reservation owners pushed back. They felt as if they were being played because this information wasn’t presented before they agreed to the $250 order fee.
However, the policy currently says that Tesla and its affiliates sell vehicles directly to end consumers and may unilaterally cancel any order believed to have been made with a view toward the resale value of the vehicle or has been made in bad faith.
That’s a little vague and confusing. Also, the anti-flipping agreement is popping up on buyer contracts again. It has been reinstated, but the details aren’t clear. Just be sure to carefully review the entire contract for your pending Cybertruck order.