Tesla is trying to prevent scalpers from reselling the Cybertruck
MatthewDR/X
Tesla is taking steps to prevent owners from flipping their Cybertrucks for a profit. The company intends to help prevent the trucks from being resold at inflated prices and potentially speed up the delivery of Cybertrucks to actual customers.
Preventing Cybertruck Flipping
The Cybertruck is a hotly anticipated vehicle. Although the exact official data remains unknown, Elon Musk mentioned that more than 1 million people have pre-ordered it, but didn't reveal the exact number of units preordered. Giga Texas has already started production and the first deliveries are scheduled to take place at the November 30th delivery event. The truck is a complex product, and it will take time to ramp up production. Tesla eventually plans to land on 200,000 units per year, meaning that it could take five years for Tesla to make it through its preorder list. Tesla seems to be actively working to shorten wait times for its truck by encouraging those who preordered solely for reselling at a profit to cancel their preorders.
This practice is relatively common in the automotive world, especially when it comes to highly anticipated vehicles such as the Cybertruck.
Tesla's Order Agreement for the Cybertruck
Like several other automakers, Tesla has added an important clause to the Terms and Conditions of the Motor Vehicle Order Agreement, as noticed by @TeslaTruckClub. When purchasing a Cybertruck, the customer will have to agree to the terms and conditions described therein. In particular, the company prohibits the resale of the truck to third parties for a period of one year from the date of delivery.
If the customer has conditions that require the sale of the vehicle, they must notify the company. Tesla can buy the Cybertruck back "at its sole discretion and at the purchase price listed on your Final Price Sheet less $0.25/mile driven, reasonable wear and tear, and the cost to repair the Vehicle to Tesla's Used Vehicle Cosmetic and Mechanical Standards." If Tesla refuses to purchase the vehicle, the customer will be able to resell it to a third party only after receiving written consent from the company. If the terms are violated, Tesla may seek an injunction to prevent the transfer of ownership of the Cybertruck or seek damages of $50,000 from the customer. The full text of the terms and conditions can be found at the bottom of the article.
Why Is This a Positive Condition?
While some consumers may consider such terms to be a violation of their rights, in reality, they are intended to protect them. Since the Cybertruck already has a fan base and is the most anticipated vehicle in automotive history, some people may try to take advantage of early preorders. Many of them have pre-ordered multiple trucks with the sole purpose of reselling them at inflated prices once they receive them. However, this is only part of the problem.
If Tesla can get scalpers to cancel their preorders, then customers who ordered the truck for themselves could be in for a shorter wait time.
Below is the clause in Tesla's Order Agreement:
Cybertruck Only: You understand and acknowledge that the Cybertruck will first be released in limited quantity. You agree that you will not sell or otherwise attempt to sell the Vehicle within the first year following your Vehicle's delivery date. Notwithstanding the foregoing, if you must sell the Vehicle within the first year following its delivery date for any unforeseen reason, and Tesla agrees that your reason warrants an exception to its no reseller policy, you agree to notify Tesla in writing and give Tesla reasonable time to purchase the Vehicle from you at its sole discretion and at the purchase price listed on your Final Price Sheet less $0.25/mile driven, reasonable wear and tear, and the cost to repair the Vehicle to Tesla's Used Vehicle Cosmetic and Mechanical Standards. If Tesla declines to purchase your Vehicle, you may then resell your Vehicle to a third party only after receiving written consent from Tesla. You agree that in the event you breach this provision, or Tesla has reasonable belief that you are about to breach this provision, 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.
Elon Musk has always maintained that he wants a Tesla to be the most fun you can have in a car. During the holiday season, Tesla is by far the most festive automobile on the road. Tesla owners are a little more festive this time of year as well because we all know the best update of the year will soon be downloaded to all the good Teslas.
This article, the third in our series on the Holiday Update Wish List, focuses on advancements in in-car entertainment and digital connectivity.
App Store for Third-Party Apps
A significant leap in Tesla's software offering would be an official App Store. We’ve seen a few hints of this, but clearly, owners want it as this feature would open a new realm of possibilities, allowing drivers and passengers to download and use third-party apps directly on the vehicle's interface.
Integrating an App Store could bring various applications, from navigation aids to productivity tools, and more entertainment options. This move would actually help free up Tesla engineers from the continuous cycle of developing and integrating additional streaming services, such as SiriusXM, YouTube TV, Fubo, Amazon Music, and many others.
Games would also be a major attraction to Tesla’s App Store. With an App Store, Tesla could rely on game publishers and other third-party developers for porting andn developing games that could be played in the vehicle. This move would shift how we perceive car infotainment systems, turning Tesla's impressive touchscreens into hubs of personalization and utility.
Elevating the Music Experience with Spotify
The Tesla community has long requested improved Spotify integration, particularly regarding streaming quality. With the potential increase in Spotify's streaming bitrate to 320 kbps, Tesla could offer an audiophile-grade listening experience, leveraging the vehicle's premium sound system to deliver rich, high-fidelity audio. Such an upgrade would not only please music enthusiasts but also reinforce Tesla's commitment to offering premium, cutting-edge vehicle features.
A realistic possibility is the inclusion of Apple Music podcasts which has been hinted at by Greentheonly after finding some references to them in one of Tesla’s recent software updates.
Advanced Bluetooth Audio Support
In line with enhancing audio experiences, Tesla owners are asking Santa Musk to support higher-quality Bluetooth audio. This improvement would cater to an increasingly discerning customer base that values superior sound quality for their media consumption. Musk previously hinted at lossless audio and AirPlay integration in Tesla vehicles, but its not clear whether Tesla ever started development on these features.
By introducing an App Store, enhancing streaming quality, and upgrading Bluetooth audio support, Tesla would build upon its already good set of entertainment offerings. These features are not just about providing entertainment though; they're about creating an immersive experience that resonates with the lifestyles and preferences of Tesla drivers, who are often at the forefront of technology. Are these items on Santa’s shopping list? We will have to wait until the holiday update is released.
Tesla is offering the Cybertruck Foundation Series to its first customers
Paul / niccruzpatane/X
The first Cybertrucks will be part of a limited edition called the Cybertruck Foundation Series. Nic Cruz Patane (@niccruzpatane), unearthed source code showing that this limited edition, fully optioned series will offer a suite of premium accessories and features.
According to some early Cybertruck reservation holders, they’re now being invited to configure their Cybertruck Foundation Series at a price of $119,990.
Lifetime Premium Connectivity and Accessories
One of the most notable inclusions in the Foundation Series is the lifetime premium connectivity. This feature currently costs $99 a year. The only other vehicles that include free premium connectivity for the life of the vehicle are vehicles ordered before June 2018. After this date Tesla introduced the premium connectivity package for $10/month or $99/year. By reintroducing it as a lifetime offering, Tesla is enhancing the value proposition of the Cybertruck, possibly saving owners $1,000 or more over the vehicle’s life.
PowerShare: The Next Level in EV Technology
In addition to this, the series comes with an updated universal wall connector with “PowerShare” capabilities. It also includes a new PowerShare mobile connector, which Tesla has yet to unveil.
The new universal wall connector with PowerShare capabilities is a standout feature. This innovative technology allows the Cybertruck to receive power and send it back to the home. It transforms the vehicle into a mobile power source, a concept that blurs the lines between automotive and home energy solutions.
Similarly, the new PowerShare mobile connector is a step forward in bi-directional charging technology. There’s little that’s known about this new mobile connector, but some text on Tesla’s site reveals that there will be outlets on the connector itself. This will allow owners can hook up devices directly, using the Cybertruck as an alternative to traditional generators. This feature particularly appeals to outdoor enthusiasts and professionals requiring portable power solutions.
Although details are scarce, the PowerShare home backup seems to be the final piece in Tesla's puzzle to enable the Cybertruck to power a home. This feature would control and limit when the Cybertruck could feed energy back into the house. These new features could position the Cybertruck as a critical component in home energy management, especially in emergencies or off-grid living.
The exclusive badging on the Cybertruck Foundation Series and Cyberbeast
Also, there is a mention of Exclusive badges, which seems a little off-brand considering there are no logos or badging on the vehicle, as the Cybertruck doesn’t need it. Foundation Series trucks will have the words Foundation Series in a Cybertruck-typical font displayed on the vehicle’s fender. There will also be a special “badge” for Cyberbeast on the bottom right of the tailgate, which will three wolf-like heads joined together.
Community Response
The announcements has many enthusiasts expressing eagerness to configure their truck; however, others are understandably shocked at the price and are ready to wait for prices to fall in the future.
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