- The Washington Times - Wednesday, March 13, 2024

Electric vehicle maker Tesla has started to make good on its promise to go after Cybertruck resellers.

According to customer reports, Tesla has started barring buyers from further purchases and reservations if they’re discovered to be flipping Cybertrucks.

Before the launch of the company’s newest vehicle, Tesla warned customers against reselling. In the sales agreement for the Cybertruck, the company added a clause threatening to sue for $50,000 or more if buyers resell the vehicle within 12 months.

While Tesla has not launched any lawsuits against its customers, Cybertruck owners reported having their reservations canceled and barred from further business with the company.

One user reported that after he listed his Cybertruck on several auction sites, his local Tesla manager contacted him to let him know his reservations for more Cybertrucks were revoked.

“Moving forward, any future orders placed by you will be canceled without a refund,” Tesla wrote the customer.

Tesla has a massive backlog of orders for its new Cybertruck, which has led to skyrocketing prices at auctions. Cybertrucks retail for around $100,000 and have fetched double that at certain auctions. Tesla’s cracking down on customers reserving Cybertrucks to sell them could significantly reduce its backlog and alienate some consumers.

• Vaughn Cockayne can be reached at vcockayne@washingtontimes.com.

Copyright © 2024 The Washington Times, LLC. Click here for reprint permission.

Please read our comment policy before commenting.

Click to Read More and View Comments

Click to Hide