LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Tesla goes after Cybertruck owners selling their electric pickup trucks for profit

Robert Frost by Robert Frost
March 11, 2024
in Industries
Tesla goes after Cybertruck owners selling their electric pickup trucks for profit
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Tesla is following through with its threat to go after early Cybertruck owners selling their electric pickup trucks.

Before turning its reservations into orders, Tesla tried to take precautions against early buyers flipping the Cybertruck for profits.

You might also like

Vietnam setting bans on gasoline motorcycles next year, followed by cars

Manitou and Hangcha commit to heavy equipment battery production JV

With another tariff deadline looming, these 10 things are going the right way for stocks

The automaker added a “no resell” clause for early VIN Cybertrucks, threatening to sue for $50,000 (or more) and added that it may not sell the sellers any future vehicles.

However, there are limitations when it comes to enforcing these things. After all, you should be able to do what you want with a product you own, including reselling it for a profit, but Tesla can also decide not to do business with you anymore.

That’s apparently exactly what is happening.

Unsurprisingly, we have seen Cybertrucks sell for over $200,000 at auctions. Ford even bought one, seemingly to reverse-engineer it.

Now, one of the owners who put his for sale reports that Tesla has contacted him to let him know that they canceled his two other Cybertruck reservations (via Cybertruck’s Owners Club):

“[Tesla’s] Loss and Prevention flagged me and Store Leader reached out to let me know they cancelled my other reservations.”

Tesla refunded him the $100 in deposit for each order, but it also told him that it won’t in the future. The owner shared this screenshot of the conversation:

At least, the automaker are not suing him for $50,000.

Electrek’s Take

I think Cybertrucks buyers should be able to do whatever they want to do (legally, of course) with theirs vehicles, and Tesla should be allowed to do whatever it wants also, including not doing business with specific people if they don’t want to.

My only problem with this is “why did Tesla allow people to reserve 20 Cybertrucks for $100 each then?” This guy reserved three. Do they really think he was going to keep all three of them?

Of course that was going to happen. Consumers should have been limited to one vehicle during the reservation process and then, free-for-all when orders are opened. If you represent a business and you need a fleet, you can talk directly with Tesla’s fleet unit.

That would make more sense to me.

FTC: We use income earning auto affiliate links. More.



Source link

Share30Tweet19
Previous Post

Liverpool unveils plans to build the world’s largest tidal power project

Next Post

Morgan Stanley just named its 3 favorite chip stocks after hosting a big tech conference

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

Vietnam setting bans on gasoline motorcycles next year, followed by cars
Industries

Vietnam setting bans on gasoline motorcycles next year, followed by cars

July 21, 2025
Manitou and Hangcha commit to heavy equipment battery production JV
Industries

Manitou and Hangcha commit to heavy equipment battery production JV

July 21, 2025
With another tariff deadline looming, these 10 things are going the right way for stocks
Industries

With another tariff deadline looming, these 10 things are going the right way for stocks

July 21, 2025
These cars are losing value fast — that’s GREAT news for used EV buyers!
Industries

These cars are losing value fast — that’s GREAT news for used EV buyers!

July 20, 2025
Next Post
Morgan Stanley just named its 3 favorite chip stocks after hosting a big tech conference

Morgan Stanley just named its 3 favorite chip stocks after hosting a big tech conference

Related News

BTL landlord ordered to pay almost £10,000 for cold conditions – London Wallet

BTL landlord ordered to pay almost £10,000 for cold conditions – London Wallet

September 15, 2023
Bitcoin miner Cipher receives takeover offer, considers sale: Report

Bitcoin miner Cipher receives takeover offer, considers sale: Report

July 17, 2024
Praxis opens new Manchester office

Praxis opens new Manchester office

May 22, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?