In anticipation of the first Cybertruck deliveries, Tesla has updated its Motor Vehicle Order Agreement to include a “Cybertruck Only” clause. This clause prohibits buyers from selling their new vehicle within the first year without explicit permission from Tesla. If buyers breach this resale provision, Tesla may seek injunctive relief to prevent the transfer of title of the vehicle, demand liquidated damages of $50,000 or the value received for the sale or transfer, and bar offending resellers from purchasing vehicles from Tesla in the future. However, Tesla may grant exceptions to some buyers wishing to sell their Cybertruck within the first year if they obtain written consent. If approved, buyers can either sell the vehicle back to Tesla at a reduced price or resell it to a third-party buyer. With the Cybertruck initially being released to a small number of select customers and not entering mass production until 2024, Tesla is looking to prevent resellers from taking advantage of the vehicle’s rarity.
- November 18, 2023
The beta for the new Nothing Chats messaging app has been pulled from the Play Store just a day after release, and the launch has […]
CEOs of Meta, X, TikTok, Snap, and Discord set to appear before Senate for online child safety testimony
- November 30, 2023
The negative impact of social media on children’s and young adults’ mental health has raised concerns. The CEOs of Meta, TikTok, Snap, Discord, and X […]