Tesla Inc. has posted an updated user agreement with an added ‘Cybertruck Only’ section on its official website, Business Insider reports. It lists the various restrictions imposed on all future owners of the company’s long-awaited electric truck – for example, reselling it within the first year of ownership is punishable with a 50,000 USD fine.
The company smartly calls this amount ‘liquidated damages’, arguing that it has the legal right to seek compensation for such damages via court. The flippers may even be stripped of some of the profit they gained from the resale, in addition to getting blacklisted by Tesla.
Those still willing to sell their Cybertruck without waiting a year can do so, but the decision has to be substantiated. Perhaps more importantly, even if the sale is approved, Tesla will still have the priority right to buy back the truck for a fair price – its actual selling price minus $0.25 per every mile traveled, plus wear-and-tear compensation. It is only if the company decides not to buy back the truck for some reason that you can offer it to another buyer.
According to Business Insider, the sales will officially begin on November 30. All prices remain secret.