Tesla to fine $50,000 for flipping Cybertruck too soon

Tesla is yet to announce the pricing for its electric pickup, having faced multiple delays over the past few years.

Tesla has updated its Vehicle Purchase Agreement for the Cybertruck, where it mentions that the company could sue owners for reselling the electric trucks too soon.

According to the update in the purchase agreement, Tesla could either sue customers who flip their Cybertrucks or fine them at least $50,000. The agreement though does mention that if a situation arises where customers need to sell their Cybertruck, Tesla will get the first right of refusal before it can be offered to the general public. It also mentions that if customers don’t inform Tesla about their Cybertruck sale, the company could also ban them from buying any future models from the brand.

The clause has been added to Tesla’s Motor Vehicle Purchase Agreement, which specifically starts with “For Cybertruck Only”.

However, with the Cybertruck yet to enter full-scale production, it is yet unknown how the market will be. Tesla is yet to announce the pricing for its electric pickup, having faced multiple delays over the past few years. CEO Elon Musk recently stated that deliveries of the first models will start by the end of November 2023; however, it would take a year to 18 months for the Cybertruck to actually become a significant cash-flow contributor.

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