Tesla Cybertruck no-resale clause vanishes faster than a Model S in Ludicrous Mode
(2023/11/15)
- Reference: 1700065223
- News link: https://www.theregister.co.uk/2023/11/15/tesla_reverses_course_on_cybertruck/
- Source link:
Tesla's threats to sue Cybertruck buyers who resell their vehicles appear to be nothing but hot air, with the language removed from the Musk-owned automaker's terms and conditions just days after it appeared.
As we reported on [1]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 [2]new version [PDF] spotted yesterday is identical save for the Cybertruck language; luckily for El Reg readers, we snagged a copy of the [3]old terms [PDF] in case this exact thing happened.
[4]
Under the old terms, Tesla Cybertruck owners who wanted to sell their vehicles within a year of purchase had to appeal to Tesla for the right to do so. 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.
[5]
[6]
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 [7]opined was a solid reason for the move in a discussion with Bloomberg Radio.
Cyberquad for kids actually on sale now
Musk only knows if the Cybertruck will actually go on sale November 30, but the Cyberquad for Kids, a $1,900 Power Wheels-esque kids version of the truck, has recovered from a recall and is back on sale.
The US Consumer Product Safety Commission [8]forced a recall of the mini-quad Tesla and Radio Flyer partnered on last year over safety concerns. The Cyberquad is [9]back on sale on Tesla's website and will "begin shipping late November 2023" with some changes made to satisfy regulators.
The new version, Model 915, is described as an "electric ride-on toy" that is definitely "not approved or intended for use as a youth ATV," according to Tesla. The new model was [10]modified to add tire pressure warning labels, a label indicating it's only intended for use by Tesla superfans aged 9-12, and eliminated seat springs so that it won't be mistaken for an actual ATV.
"Think about all the reservations people have," Ives said. "The last thing you want to do is [say] Paul gets a Cybertruck and then all of a sudden flips it in three or six months."
"It's a supply and demand issue. This is going to be a tough vehicle to make [and] this is just them putting some guardrails in place," he added. The analyst, who admitted he has reserved a Cybertruck, said the move did come off poorly.
[11]Absolutely smashing: Musk shows off Tesla's 'bulletproof' low-poly pickup, hilarity ensues
[12]Tesla swerves liability in Autopilot death lawsuit
[13]Tesla goons will buy anything – including these $150 beers
[14]'Recession-resilient' Tesla misses Q3 expectations, slows Mexico expansion
Porsche has implemented [15]similar restrictions on reselling their limited-run vehicles, but the German automaker's penalties end at not allowing flippers to reserve future vehicles.
The Cybertruck now appears to not have those restrictions, or at least not in the form Tesla first imposed. 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.
[16]
We asked Tesla about the resale restriction changes, but haven't heard back.
Of course, November 30 could come and go – the Cybertruck has been [17]delayed several times since it was announced in 2019, and Musk [18]admitted Tesla "dug our own grave" with the Cybertruck – but keep your eye on eBay if you want to skip the reservation line. ®
Get our [19]Tech Resources
[1] https://www.theregister.com/2023/11/13/want_a_cybertruck_then_youre/
[2] https://regmedia.co.uk/2023/11/15/tesla-udpated-sale-terms-no-cybertruck.pdf
[3] https://regmedia.co.uk/2023/11/13/tesla-terms-cybertruck-addition.pdf
[4] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2ZVT5Nd171DXryty8EmEGBQAAAIU&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[5] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZVT5Nd171DXryty8EmEGBQAAAIU&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[6] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33ZVT5Nd171DXryty8EmEGBQAAAIU&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[7] https://www.youtube.com/watch?v=7gth_46Qxig
[8] https://www.theregister.com/2022/10/27/safety_recall_issued_for_teslas/
[9] https://shop.tesla.com/product/cyberquad-for-kids
[10] https://www.radioflyer.com/cyberquad-faq
[11] https://www.theregister.com/2019/11/22/smashing_tesla_cybertruck/
[12] https://www.theregister.com/2023/10/31/tesla_fatal_crash_verdict/
[13] https://www.theregister.com/2023/10/16/tesla_beer/
[14] https://www.theregister.com/2023/10/19/tesla_q3/
[15] https://www.topspeed.com/cars/car-news/porsche-to-restrict-sales-to-known-resellers-of-limited-production-models/
[16] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZVT5Nd171DXryty8EmEGBQAAAIU&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[17] https://www.theregister.com/2023/07/17/first_tesla_cybertrunk/
[18] https://www.theregister.com/2023/10/19/tesla_q3/
[19] https://whitepapers.theregister.com/
As we reported on [1]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 [2]new version [PDF] spotted yesterday is identical save for the Cybertruck language; luckily for El Reg readers, we snagged a copy of the [3]old terms [PDF] in case this exact thing happened.
[4]
Under the old terms, Tesla Cybertruck owners who wanted to sell their vehicles within a year of purchase had to appeal to Tesla for the right to do so. 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.
[5]
[6]
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 [7]opined was a solid reason for the move in a discussion with Bloomberg Radio.
Cyberquad for kids actually on sale now
Musk only knows if the Cybertruck will actually go on sale November 30, but the Cyberquad for Kids, a $1,900 Power Wheels-esque kids version of the truck, has recovered from a recall and is back on sale.
The US Consumer Product Safety Commission [8]forced a recall of the mini-quad Tesla and Radio Flyer partnered on last year over safety concerns. The Cyberquad is [9]back on sale on Tesla's website and will "begin shipping late November 2023" with some changes made to satisfy regulators.
The new version, Model 915, is described as an "electric ride-on toy" that is definitely "not approved or intended for use as a youth ATV," according to Tesla. The new model was [10]modified to add tire pressure warning labels, a label indicating it's only intended for use by Tesla superfans aged 9-12, and eliminated seat springs so that it won't be mistaken for an actual ATV.
"Think about all the reservations people have," Ives said. "The last thing you want to do is [say] Paul gets a Cybertruck and then all of a sudden flips it in three or six months."
"It's a supply and demand issue. This is going to be a tough vehicle to make [and] this is just them putting some guardrails in place," he added. The analyst, who admitted he has reserved a Cybertruck, said the move did come off poorly.
[11]Absolutely smashing: Musk shows off Tesla's 'bulletproof' low-poly pickup, hilarity ensues
[12]Tesla swerves liability in Autopilot death lawsuit
[13]Tesla goons will buy anything – including these $150 beers
[14]'Recession-resilient' Tesla misses Q3 expectations, slows Mexico expansion
Porsche has implemented [15]similar restrictions on reselling their limited-run vehicles, but the German automaker's penalties end at not allowing flippers to reserve future vehicles.
The Cybertruck now appears to not have those restrictions, or at least not in the form Tesla first imposed. 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.
[16]
We asked Tesla about the resale restriction changes, but haven't heard back.
Of course, November 30 could come and go – the Cybertruck has been [17]delayed several times since it was announced in 2019, and Musk [18]admitted Tesla "dug our own grave" with the Cybertruck – but keep your eye on eBay if you want to skip the reservation line. ®
Get our [19]Tech Resources
[1] https://www.theregister.com/2023/11/13/want_a_cybertruck_then_youre/
[2] https://regmedia.co.uk/2023/11/15/tesla-udpated-sale-terms-no-cybertruck.pdf
[3] https://regmedia.co.uk/2023/11/13/tesla-terms-cybertruck-addition.pdf
[4] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2ZVT5Nd171DXryty8EmEGBQAAAIU&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[5] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZVT5Nd171DXryty8EmEGBQAAAIU&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[6] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33ZVT5Nd171DXryty8EmEGBQAAAIU&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[7] https://www.youtube.com/watch?v=7gth_46Qxig
[8] https://www.theregister.com/2022/10/27/safety_recall_issued_for_teslas/
[9] https://shop.tesla.com/product/cyberquad-for-kids
[10] https://www.radioflyer.com/cyberquad-faq
[11] https://www.theregister.com/2019/11/22/smashing_tesla_cybertruck/
[12] https://www.theregister.com/2023/10/31/tesla_fatal_crash_verdict/
[13] https://www.theregister.com/2023/10/16/tesla_beer/
[14] https://www.theregister.com/2023/10/19/tesla_q3/
[15] https://www.topspeed.com/cars/car-news/porsche-to-restrict-sales-to-known-resellers-of-limited-production-models/
[16] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZVT5Nd171DXryty8EmEGBQAAAIU&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[17] https://www.theregister.com/2023/07/17/first_tesla_cybertrunk/
[18] https://www.theregister.com/2023/10/19/tesla_q3/
[19] https://whitepapers.theregister.com/
Gordon 10
Why on earth would you want one.
Its Musk's version of the Homer or the Edsel.
Lurko
Because it has the brand "Tesla" on it, and for a subset of humanity, that alone is enough. They're like football fans - put the right logo on anything and they'll buy it.
Worked example 1:
Normal corporate branded bottle opener: Free
Tesla branded bottle opener sold by the official tesla shop: $50
Worked example 2:
Normal dog poop: Worthless
Tesla branded dog poop, sold by the official Tesla shop: $$$
Rent-a-brick
Elongated Muskrat
What? You thought you were buying it?
Tesla wanted to limit the flipping of Cybertrucks to the road.