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Elon MuskTeslaTransportation

Tesla’s rule: Hold on to your Cybertruck for a year or face a $50,000 lawsuit

By
Shubham Sawarkar
Shubham Sawarkar's avatar
ByShubham Sawarkar
Editor-in-Chief
Shubham Sawarkar is a technology journalist at GadgetBond, covering Apple, AI, consumer technology, software, gadgets, and product launches. His work explores emerging technologies, industry developments, product...
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Nov 14, 2023, 1:14 PM EST
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Tesla's rule: Hold on to your Cybertruck for a year or face a $50,000 lawsuit
Image: Tesla
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If you’re eyeing a Cybertruck and contemplating a quick resale, think again. Tesla has laid down the law, and it could cost you big time. The recently unveiled motor vehicle order agreement for the futuristic electric vehicle (EV) reveals that Tesla has the right to sue anyone selling their Cybertruck within a year of purchase, with a hefty penalty of $50,000.

Set to hit the roads by November 30, the Cybertruck comes with a condition that owners must adhere to. Tesla, in its fine print, specifies that it can pursue legal action, seeking either “$50,000 or the value received as consideration for the sale or transfer, whichever is greater.” However, there is a loophole—owners can sidestep this restriction by obtaining written consent from Tesla. The catch? The conditions for obtaining such consent remain unclear.

Speculation is rife that this stringent rule is related to the Cybertruck’s delayed mass production, set to kick off next year. In essence, Tesla aims to ensure that its groundbreaking EV ends up only in the hands of those who genuinely intend to keep it. So, if you’re one of the proud future owners of a Cybertruck, be sure to keep this stipulation in mind to avoid a legal showdown with Tesla.


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