Tesla will sue you for $50,000 if you try to resell your Cybertruck in the first year
Tesla will sue you for $50,000 if you try to resell your Cybertruck in the first year

Tesla will sue you for $50,000 if you try to resell your Cybertruck in the first year

Tesla will sue you for $50,000 if you try to resell your Cybertruck in the first year::Tesla may agree to buy the truck back at the original price minus "$0.25/mile driven" and any damages and repairs.
This is, surprisingly, not that unusual for vehicles in high demand. It's to prevent flipping.
GM does it on certain vehicles as well:
https://gmauthority.com/blog/2023/08/gm-restrains-customers-from-flipping-cars-but-not-dealers-from-charging-ridiculous-markups/
(the C8 Corvette Z06, GMC Hummer EV, and Cadillac Escalade-V if you want to know without clicking the link.)
GM wasn't harsh enough IMHO. They should have black listed people who immediately flipped base C8s for significantly more than MSRP. Base C8s (not Z51) going for over 100k, with miles on them, was fucking ridiculous.
I'll say it now: car dealers are useless dinosaurs and there is no point to having them anymore. I don't need a dealer to tell me what options I want on my car. I can select those on a webpage after I've reviewed the available options. I need a place to take my car for service if it's a factory failure / warranty work. I can do the rest myself or pay another focused professional to do the work.
Yeah, pretty much every Hummer EV I saw was at a dealership lot, used, and marked up $100k
I really like your second paragraph!
Agreed, but I absolutely need somewhere to test drive the car as well before purchasing. There’s no way I would buy a car without it.
I'm no fan of flipping/scalping but the choice of the degradation of ownership is much worse. If they really own the car then they aught to be able to resell it.
Prediction; this will extend beyond just high end cars.
Like with other manufacturers with similar limitations, the limitation for resale is only for the first year. It literally is just to try and prevent people buying and flipping the car for a profit. If you don't like the vehicle you can sell it back to Tesla outside the normal return window. Or wait a year and sell it to someone else.
Real estate and Ticketmaster: "Fuck yeah, flip that shit and inflate our markets to insanity!"
Auto industry: "Fuck you, we do the inflating around here. Pay me!"
Ticketmaster owns the resale sites too. And the venue.
Dealerships are the biggest scalpers.
Shame though. Would absolutely love to see a guy with a garage full of these things because he couldn't find enough crypto bros to gouge.
I imagined them stacked on top of each other haphazardly, piled up in a garage with a sad white 30ish year old guy standing in the driveway looking sad.
Kinda curious why the company doesn't raise their prices to fit demand then, since clearly, demand exists that allows those products to be sold for more (else the scalpers couldn't profit). Not saying they should charge more, I'm just curious why an entirely profit-driven entity like a company wouldn't charge as much for something as demand would allow for, it seems out of character?
Part of it is allowing the dealers to profit. If they price too high, there's no wiggle room and incentive for the dealers to order the car.
Same with Ford F150 Lighting when it came out. Not sure if it still stands.
It’s to prevent flipping scalping
Somehow I get this weird feeling that the cybertruck will flip all on its own. ;)