Tesla Cracks Down on Cybertruck Resellers: Warning of Cancellations and Permanent Bans

Despite Tesla’s prohibition on reselling, it appears that Cybertrucks continue to be resold. Tesla has blocked Cybertruck purchasers on used car sales platforms. Yet, the listings for Cybertrucks have not disappeared, and their resale prices seem to be decreasing.

Due to its popularity, the Cybertruck has a long waiting list, leading to significantly higher prices in the secondary market than its original selling price. At the first auction site, a Cybertruck sold for approximately $271,000; until recently, one sold for about $190,000.

EnlargeListings on the auction site

Due to Cybertruck’s popularity, Tesla introduced a non-resale clause in the sales contract to prevent’ resellers’ from profiting by reselling at a higher price.

According to this clause, purchasers of the Foundation series Cybertruck cannot sell the vehicle within a year of acquisition unless approved by Tesla. If a resale generates a profit exceeding $50,000, a fine greater than the amount of profit will be imposed.

Despite such clauses, transactions have occurred, and there have been reports of an owner trying to sell a Cybertruck on a used car website and getting blocked by Tesla.

Dennis from Arizona shared through the Cybertruck Owners Club last week that “Tesla notified me that I have been blocked. I had two more reservations for Tesla vehicles besides the Cybertruck, and they canceled them without refunding my $100 deposit and $250 order fee,” even though the transaction had not yet been completed.

Email received by a member of the Cybertruck Owners Club from Tesla

Tesla determined there was an intent to sell. Being blocked by Tesla means vehicle reservations can be canceled without a cancellation fee, and one can be permanently banned from purchasing Tesla vehicles.

Due to the resale prohibition clause, sellers find loopholes, such as leasing the Cybertruck for a certain amount during the first year and then transferring ownership afterward. This is why Tesla Cybertrucks can occasionally be seen on used car trading sites.

However, some analysts believe that Tesla’s non-resale clause may become futile. Limiting supply in the secondary market usually makes the model rarer, but the price of Cybertrucks in the secondary market continues to drop. The first Cybertruck sold at an auction site at the end of February went for $242,069, but subsequent transactions have been around $155,000. There’s a growing expectation that purchasing a used Cybertruck without a premium may soon be possible.

The starting price for the Cybertruck is $69,900.