As we reported on Monday, Tesla’s Motor Vehicle Order Agreement terms and conditions [PDF] were updated to add a section that specified Cybertruck buyers had to hang on to their vehicles for a year before trying to resell.
A new version [PDF] spotted yesterday is identical save for the Cybertruck language; luckily for El Reg readers, we snagged a copy of the old terms [PDF] in case this exact thing happened.
Tesla reserved the right to repurchase the vehicle at a discounted price, and if a resale went ahead without the blessing of Elon Musk’s capricious car company, considerable penalties were possible.
Among the threats for unsanctioned resale were a legal injunction, $50,000 fine and being banned from buying another Tesla in the future.
As we noted earlier this week, the only justification given by Tesla in its Cybertruck restrictions was the limited availability of the vehicle, which WedBush senior equity analyst Dan Ives opined was a solid reason for the move in a discussion with Bloomberg Radio.
It’s not clear if Tesla will otherwise restrict resale, or if future updates to the terms of service will appear before the boxy behemoth finally goes on sale later this month.
The original article contains 444 words, the summary contains 199 words. Saved 55%. I’m a bot and I’m open source!
This is the best summary I could come up with:
As we reported on Monday, Tesla’s Motor Vehicle Order Agreement terms and conditions [PDF] were updated to add a section that specified Cybertruck buyers had to hang on to their vehicles for a year before trying to resell.
A new version [PDF] spotted yesterday is identical save for the Cybertruck language; luckily for El Reg readers, we snagged a copy of the old terms [PDF] in case this exact thing happened.
Tesla reserved the right to repurchase the vehicle at a discounted price, and if a resale went ahead without the blessing of Elon Musk’s capricious car company, considerable penalties were possible.
Among the threats for unsanctioned resale were a legal injunction, $50,000 fine and being banned from buying another Tesla in the future.
As we noted earlier this week, the only justification given by Tesla in its Cybertruck restrictions was the limited availability of the vehicle, which WedBush senior equity analyst Dan Ives opined was a solid reason for the move in a discussion with Bloomberg Radio.
It’s not clear if Tesla will otherwise restrict resale, or if future updates to the terms of service will appear before the boxy behemoth finally goes on sale later this month.
The original article contains 444 words, the summary contains 199 words. Saved 55%. I’m a bot and I’m open source!