Typically once you purchase a vehicle and it is yours, nothing can stop you from selling it to someone else. But that’s not the case for the Tesla Cybertruck.
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TechTranscript
00:00 Tesla's Cybertruck is almost here and if you buy one and resell it, you could owe the
00:03 company $50,000.
00:05 Purchasing a Cybertruck means reading and signing its terms and conditions.
00:09 In the fine print, buyers agree that they will not sell or attempt to sell the vehicle
00:13 within the first year of its delivery date.
00:15 And while most buyers probably aren't interested in selling the truck, there is a certain way
00:19 to go about the reselling process within the first year.
00:21 To start, the buyer must notify Tesla in writing and give the EV maker reasonable time to purchase
00:26 the vehicle from you at its sole discretion.
00:28 The company will also purchase the vehicle based on certain variables like wear, tear,
00:32 and mileage.
00:33 If Tesla declines to purchase the Cybertruck, the buyer can then go and resell it to a third
00:37 party but only after receiving written consent from Tesla.
00:40 If this agreement is breached, Tesla can demand liquidated damages from you in the amount
00:44 of $50,000.