Earlier this week, someone came across a document indicating that Tesla intended to enforce strict regulations on Cybertruck owners, including imposing a hefty $50,000 penalty on those who sold the truck within the first year of ownership. However, it now seems that Tesla has completely reversed its stance on this matter, potentially paving the way for a massive flip potential.
Specifically, the initial clause said that owners could sell the truck so long as Tesla gave consent. If they didn’t obtain that consent, Tesla would impose a $50,000 penalty and reserve the right to never sell that person another car. The automaker went as far as to say that it reserved the right to seek to prevent the transfer of the title from one owner to the next.
Now, a member of Cybertruckownersforum says that an updated version of the document no longer contains the stipulation regarding the $50,000 penalty for selling the Cybertruck within the first year of ownership. In fact, the entire section previously titled “For Cybertruck Only” has been removed. Additionally, there are differences in the Default and Remedies section. In the original version, it stated, “You will be in default and/or breach of this agreement if… you fail to perform an obligation… or we, in good faith, believe that you cannot or will not pay or perform the obligations you have agreed to…”
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Now that both bits of the agreement are gone it appears that the Cybertruck might have just become the flipper’s dream come true. Those who can obtain early access to the possibly-rare truck during launch may have the opportunity to make a mint flipping on the “used” vehicle market. Of course, there’s a benefit to Cybertruck customers who simply want the vehicle too.
Consider the possibility that a Cybertruck customer is disappointed in their purchase. The earlier provision appeared to put them in the position of simply accepting whatever dollar amount Tesla would be willing to pay should they want to get rid of the vehicle. Now, that’s no longer a factor and should enable them the freedom to do whatever they want.
Interestingly, a poll on the same forum indicates that over half of those who want to buy a Cybertruck liked the no-flip provision. Out of 213 votes, 122 said that they were glad about it, 58 said they didn’t care, and only 33 had a negative view of the situation. Of course, there’s no way to know exactly why Tesla made this change or if there’s another one waiting in the wings with an NDA attached. We hope to find out more when the trucks end up in owners’ hands later this month.
