SAN FRANCISCO (FFN) – Tesla has made a significant change to its resale policy for the Cybertruck, lifting the strict penalties that previously targeted owners who tried to sell their electric pickup trucks. Initially, Cybertruck buyers were warned that they needed Tesla’s permission to sell their vehicles and risked a $50,000 fine if they violated this clause. Additionally, they could be barred from purchasing future Tesla models.
However, as reported by Teslarati, these restrictions have now been quietly removed from Tesla’s terms of sale. The no-resale policy, which originally banned buyers from selling their Foundation Series Cybertrucks within a year of taking delivery, has been eliminated. This change comes as Tesla has expanded the availability of the Foundation Series Cybertrucks, allowing buyers to order them directly from the company’s online configurator without needing a reservation.
While the sales ban has only recently been lifted, Electrek reports that Tesla hasn’t actually imposed the $50,000 fine on any Cybertruck owners who attempted to resell their vehicles. Instead, the company had taken steps to “blacklist” some owners who tried to flip their trucks.
The Cybertruck has become a cultural phenomenon and the best-selling vehicle over $100,000 in the U.S., despite facing various challenges and criticisms. With the removal of the resale restrictions, it will be interesting to see how many owners decide to offload their massive electric vehicles, especially considering that about five percent of Cybertrucks were already being resold even while Tesla monitored the practice.
Key Words: Tesla, Cybertruck, resale policy, $50,000 penalty, Foundation Series, blacklisting, electric vehicles.
