Tesla Says First Cybertruck Customers To Resell Could Face Extremely Harsh Penalties

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You might want to reconsider your plans if you planned to purchase a Cybertruck with the intention of selling it.

The futuristic-looking Tesla Cybertruck, which has been anticipated for years, will finally be available for purchase on November 30.

Regarding the much-awaited truck, Elon Musk, the founder of Tesla, has promised several things, such as that it will be waterproof and function as both a car and a boat.

Joe Rogan shot a bow and arrow at Musk's car, and it only caused a little damage, demonstrating how resilient the truck's body is.

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Considering the high standards set for the Cybertruck, it makes sense that many individuals are eager to own one.

It was claimed in July of this year that about two million individuals had preordered one; but, if you ordered it with the purpose of selling it right away, Tesla will fine you a steep amount.

The purchase agreement states that if a consumer sells the truck within a year of buying it, they risk paying a $50,000 fee.

Part of the contract reads: "If you must sell the Vehicle within the first year following its delivery date for any unforeseen reason, and Tesla agrees that your reason warrants an exception to its no reseller policy, you agree to notify Tesla in writing and give Tesla reasonable time to purchase the Vehicle from you at its sole discretion and at the purchase price listed on your Final Price Sheet less $0.25/mile driven, reasonable wear and tear, and the cost to repair the Vehicle to Tesla’s Used Vehicle Cosmetic and Mechanical Standards."

It continues, saying that the automaker 'may seek injunctive relief to prevent the transfer of title of the Vehicle or demand liquidated damages from you in the amount of $50,000 or the value received as consideration for the sale or transfer, whichever is greater' if you resell the vehicle without Tesla's permission.

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It states that Tesla might even decline to sell you future cars, which would be even more salt in the wound.

Despite Musk's long-standing promotion of the Tesla Cybertruck, the multibillionaire seems to have changed his mind about the vehicle and acknowledged that the company may have "dug its own grave."

Following Tesla's underwhelming Q3 results, Musk declared, "We dug our own grave with the Cybertruck."

He continued, saying that although "there will be enormous challenges in reaching volume production with the Cybertruck and then making the Cybertruck cashflow positive," this is "simply normal."

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“When you’ve got a product with a lot of new technology or any brand new vehicle program, especially one that is as different and advanced as the Cybertruck, you will have problems proportionate to how many new things you’re trying to solve at scale.”

Nevertheless, Chris Pierce, a Needham analyst, recently stated to The Post that he believes the stainless steel EV will ultimately be a "niche vehicle."

How successful the Cybertruck will be in the long run is impossible to predict.

Musk, the man in charge of Tesla, doesn't even seem certain.

He tweeted, "Gonna be awesome... feels like the future," shortly after seeing the assembly line in April, for instance, sounding incredibly optimistic. 

However, he acknowledged a few years prior that there was "some chance that Cybertruck will flop" due to the peculiar design of the vehicle.

He seems really upbeat right now; in August, he tweeted, "I think this is our best product ever."