Tesla Ends $50,000 Fine And Blacklist Threats For Cybertruck Flippers

Tesla is no longer threatening to sue Cybertruck owners who flip their vehicles and has removed a contract clause that could also allow the carmaker to blacklist some owners from purchasing future vehicles.

The Cybertruck has been shrouded in controversy since its launch late last year, but few things ruffled the feathers of enthusiasts as much as Tesla’s strict sales agreement that all new Cybertruck buyers have to sign. Tesla stipulated buyers could not sell or attempt to sell their vehicle within the first year without first giving the brand the opportunity to buy it back at the final MSRP, minus $0.25/mile driven.

Read: Buyer Stuck After Tesla Blocks Resale And Buyback Of Cybertruck

Those that didn’t comply and sold their cars on the used market were threatened with liquidated damages of $50,000, “or the value received as consideration for the sale of transfer, whichever is greater.” Tesla also said it had the right to refuse to sell offenders any future vehicles.

Despite these harshly worded threats, hundreds of early Cybertruck reservation holders quickly flipped their cars, many of whom made handsome profits in the process. The used Cybertruck market has since crashed and it’s now possible to order a new one from the Tesla website and take delivery within a few weeks.

With this in mind, Tesla has removed the clause from the pickup’s sales agreement. Electrek is not aware of anyone that Tesla has actually pursued for the $50,000, but there have been reports of Cybertruck flippers getting contacted by Tesla and being blacklisted from making future purchases, as pointed out by Teslarati.

Despite a decent amount of bad press, the Cybertruck was the best-selling six-figure vehicle in the U.S. in July, beating traditional gas-powered trucks – alongside everything else in that price segment.