Tesla has reintroduced a clause in the Cybertruck purchase contract to discourage owners from selling their vehicles within the first year of ownership without Tesla's permission. The clause includes the threat of legal action, seeking injunctive relief to prevent the transfer of title or demanding liquidated damages of $50,000 or the value received for the sale or transfer, whichever is greater. Tesla has employed similar clauses in the past to discourage "flipping" of its vehicles, where buyers purchase a car with the intention of quickly reselling it for a profit.
Key Points
1. Tesla, led by Elon Musk, has reintroduced a clause in the Cybertruck purchase contract, threatening legal action against owners attempting to sell the vehicle within the first year of ownership.
2. The clause, initially introduced in November and then removed, now stipulates that Cybertruck buyers cannot sell the vehicle during the first year without Tesla's permission, or face potential legal consequences.
3. Tesla reserves the right to seek injunctive relief or demand liquidated damages of $50,000 or the sale value if owners violate the one-year ownership clause.
4. The reiteration of this clause follows the recent delivery of the first Cybertrucks, with an event held at Tesla's headquarters in Austin, Texas.
5. Elon Musk handed over the trucks to around a dozen people during the event, expressing his anticipation of a new and exciting era for Tesla.
6. The rear-wheel drive version of the Cybertruck is priced at $60,990, with a range of 250 miles per charge, but won't be available until 2025.
7. The dual-motor and tri-motor versions, named "Cyberbeast," are expected to be available in 2024, featuring higher power and performance.
8. The AWD Cybertruck is priced at $79,990, has a range of 340 miles, accelerates from 0-60mph in 4.1 seconds, and reaches a top speed of 112 mph.
9. The tri-motor trim is priced at $99,990, boasting 845 horsepower, 10,296 lb-ft of torque, and a range of approximately 320 miles.
10. The announced prices during the event exceed Elon Musk's earlier statement of a $50,000 price range for the Cybertruck, raising attention and potential concerns among prospective buyers.
(With Agency Inputs)
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