Breaking the rules could cost you $50,000 and future Tesla ownership
- Tesla’s Cybertruck contract restricts reselling within the first year
- Owners must notify Tesla if they want to sell within a year
- Tesla has first dibs on buying the vehicle back
- Scofflaws risk a lawsuit and ban on future Tesla ownership
Tesla’s upcoming Cybertruck comes with a surprising clause in its terms of service. Owners are not allowed to sell or attempt to sell the truck within the first year of delivery. If an owner wants to sell within a year, they must notify Tesla and receive written consent. Tesla has the option to buy the vehicle back, deducting 25 cents per mile driven. Breaking this provision could result in a lawsuit and liquidated damages of $50,000 or the value received from the sale. Additionally, Tesla may refuse to sell any future vehicles to the offender. The Cybertruck, set to be released on November 30, has faced numerous delays, and Tesla CEO Elon Musk has warned of production challenges. Despite this, Tesla shares have performed well, outpacing the broader market.
Factuality Level: 7
Factuality Justification: The article provides information about a clause in Tesla’s terms of service for the Cybertruck, stating that owners cannot sell the truck within the first year of delivery. It mentions that owners who breach this provision may face legal consequences and that Tesla has the right to refuse to sell them any future vehicles. The article also includes quotes from Tesla CEO Elon Musk about the production challenges of the Cybertruck. Overall, the article provides factual information without any obvious bias or inaccuracies.
Noise Level: 3
Noise Justification: The article provides relevant information about Tesla’s Cybertruck and the surprising clause in its terms of service. It includes quotes from Tesla and highlights the potential consequences for owners who breach the clause. However, the article lacks in-depth analysis, scientific rigor, and actionable insights. It also includes unrelated information about Tesla’s stock performance.
Financial Relevance: Yes
Financial Markets Impacted: Tesla Inc.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to Tesla Inc., a financial company, and its terms of service for the Cybertruck. However, there is no mention of an extreme event or its impact.
Public Companies: Tesla Inc. (TSLA)
Key People: Elon Musk (Chief Executive)
Reported publicly:
www.marketwatch.com 
