Tesla Drops $50,000 Penalty Against Cybertruck Owners Who Sell Their Trucks

Tesla Drops $50,000 Penalty for Cybertruck Resale

Despite enduring a series of mishaps this year, including car wash malfunctions and severe stress tests, the Tesla Cybertruck has faced strict resale restrictions. However, Tesla has recently reversed this policy, granting owners the freedom to sell their electric vehicles without risk of penalty.

Original Sales Terms and Consequences

Upon purchasing a Cybertruck, buyers were subject to Tesla’s terms of sale, which prohibited resale within a year without the company’s approval. Violation of this clause could result in a $50,000 fine and potential exclusion from future Tesla vehicle purchases.

Relaxation of Resale Restrictions

According to Teslarati, these penalties have been removed from Tesla’s sales agreement. The automaker has now eased regulations regarding the resale of Cybertrucks, potentially leading to an influx of used vehicles on the market.

Blacklisting and Resale Market Impact

Despite the lack of fines, Electrek reports that Tesla previously employed “blacklisting” to deter Cybertruck owners from reselling. Nonetheless, the electric pickup has emerged as America’s top-selling vehicle above $100,000. Tesla’s sale control measures have sparked a “culture war,” with the Cybertruck becoming a polarizing symbol.

Increased Resale Expectation

With the lifting of resale restrictions, it remains to be seen how many Cybertruck owners will take advantage of this newfound freedom. Reports indicate that approximately 5% of Cybertrucks were previously being resold under Tesla’s monitoring.