City
Epaper

Tesla will not sue buyers for reselling Cybertruck, removes purchase clause

By IANS | Updated: November 15, 2023 12:10 IST

San Francisco, Nov 15 Elon Musk-run Tesla apparently will not sue Cybertruck buyers for reselling the vehicle within ...

Open in App

San Francisco, Nov 15 Elon Musk-run Tesla apparently will not sue Cybertruck buyers for reselling the vehicle within the first year of buying it.

The controversial purchase clause appears to have been removed by the company from its updated terms and conditions for the forthcoming vehicle.

The news was first reported by Electrek.

Previously, in a section titled "For Cybertruck Only" to its Motor Vehicle Order Agreement, Tesla mentioned, "You agree that you will not sell or otherwise attempt to sell the Vehicle within the first year following your Vehicle’s delivery date".

"Tesla may seek injunctive relief to prevent the transfer of title of the Vehicle or demand liquidated damages from you in the amount of $50,000 or the value received as consideration for the sale or transfer, whichever is greater. Tesla may also refuse to sell you any future vehicles," it added.

As of Tuesday morning, that section had been removed from the agreement.

However, it's unclear why Tesla reversed course on this restriction.

The Cybertruck, which was first announced in 2019, is Tesla's first new product in years, and it is expected to shake up the electric pickup-truck market.

Tesla initially stated that the truck would start at $39,900, but it is expected to be much more expensive due to expensive building materials.

The Cybertruck will hit the market at the end of the month.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

NationalPunjab Police seize 85 kg heroin, term it biggest seizure this year

AurangabadGangster in jail operating drug trafficking network through in-laws' house

AurangabadState grants final approval to Fringe Area Development Plan

Other Sports‘When it happens, we can talk about it’: Glasner on Palace’s hunt for maiden major trophy

InternationalBangladeshi women's rights activists rally against anti-feminist wave

International Realted Stories

InternationalVietnam: Renowned Buddhist scholar pays respect to sacred Buddha relics from India

InternationalEU-India to jointly find solutions to marine pollution, waste to green hydrogen

InternationalFrom Washington to Tokyo, Moscow to Jo'burg: Indian MPs set to expose Pakistan on terrorism (2nd ld)

InternationalLovely Professional University terminates all MoUs with Turkey and Azerbaijan

InternationalPoJK activist Jamil Maqsood calls India's Operation Sindoor a 'Bold Message' against Pak-backed terrorism