Sold Your Cybertruck? Tesla Might Cancel Your Future Orders: Resale Clause Bites Back As One Owner Learns The Hard Way
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) is enforcing a no-resale clause against Cybertruck owners attempting to sell their vehicles, as evidenced by the company canceling orders and blacklisting a customer named Dennis from Arizona. This action follows reports of Cybertrucks being sold for as much as $250,000. Tesla's motor vehicle agreement prohibits reselling the Cybertruck within a year of delivery without Tesla's written consent, under penalty of $50,000 or more.
March 12, 2024 | 11:38 am
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Tesla Inc is actively enforcing its no-resale clause on Cybertruck owners, leading to canceled orders and potential blacklisting for violations.
Tesla's enforcement of the no-resale clause and the subsequent blacklisting of a customer for attempting to sell their Cybertruck could have a neutral short-term impact on TSLA's stock. While it demonstrates Tesla's commitment to its policies and could deter future violations, it may also raise concerns among potential buyers about the flexibility and resale value of their purchases. The overall market reaction is likely to be mixed, balancing between support for strong brand management and concerns over customer restrictions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100