Tesla has revived a contract clause that says the electric carmaker could sue Cybertruck buyers for $50,000 or more if they resell during their first year of ownership.
As we reported a month ago, the Cybertruck-only clause was added to the public version of Tesla’s Motor Vehicle Order Agreement Terms & Conditions and then deleted after the lawsuit threat attracted some attention.
The clause says Cybertruck buyers must offer the car back to Tesla at a reduced price before any attempt to resell the vehicle within one year of delivery.
"You agree that in the event you breach this provision, or Tesla has reasonable belief that you are about to breach this provision, Tesla 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.
People who made early Cybertruck reservations received their invitations to order the limited-availability Foundation Series edition on Friday.
As an Electrek article notes, it’s unclear whether the clause applies only to the Foundation Series version of the Cybertruck.
The original article contains 545 words, the summary contains 190 words. Saved 65%. I’m a bot and I’m open source!
This is the best summary I could come up with:
Tesla has revived a contract clause that says the electric carmaker could sue Cybertruck buyers for $50,000 or more if they resell during their first year of ownership.
As we reported a month ago, the Cybertruck-only clause was added to the public version of Tesla’s Motor Vehicle Order Agreement Terms & Conditions and then deleted after the lawsuit threat attracted some attention.
The clause says Cybertruck buyers must offer the car back to Tesla at a reduced price before any attempt to resell the vehicle within one year of delivery.
"You agree that in the event you breach this provision, or Tesla has reasonable belief that you are about to breach this provision, Tesla 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.
People who made early Cybertruck reservations received their invitations to order the limited-availability Foundation Series edition on Friday.
As an Electrek article notes, it’s unclear whether the clause applies only to the Foundation Series version of the Cybertruck.
The original article contains 545 words, the summary contains 190 words. Saved 65%. I’m a bot and I’m open source!
So, offer the car back to Tesla at 1 cent under purchase price, then sell to whoever you like if they refuse to buy it…