Tesla Removes Clause Threatening to Sue Cybertruck Resellers
Move Sparks Speculation About Regulation of Resale Market as Cybertruck Launch Nears
- Tesla has removed a clause from its Motor Vehicle Order Agreement that threatened to sue Cybertruck owners who resell their vehicles within the first year of ownership.
- The clause, which was specific to the Cybertruck, allowed Tesla to sue for $50,000 if a Cybertruck was sold within the first year and even gave Tesla the right to refuse future vehicle sales to those who violated this rule.
- The removal of the clause has sparked speculation that Tesla may have been attempting to regulate the resale market for the Cybertruck as the company ramps up its production capacity.
- The Cybertruck, which has been a subject of significant debate since its 2019 reveal, is expected to start reaching consumers by the end of this month.
- The delivery event for Tesla’s highly-anticipated vehicle is set for Nov. 30 at the Texas Gigafactory.