Despite Tesla’s attempts to deter resale through contractual clauses, Foundation Series Cybertrucks have still found their way onto the resale market, albeit at decreasing prices. Initially sold at auction for $244,000, recent transactions have seen prices drop, with the latest resale at $171,000 and an ongoing auction with a high bid of $155,000.
Tesla introduced a no-resale clause to prevent exploitation of the Cybertruck’s popularity, penalizing breaches with a $50,000 fine or more if profits exceed $50,000. However, this hasn’t entirely deterred sellers, possibly due to high demand or skepticism regarding enforcement.
Tesla’s intervention in blacklisting owners attempting to sell Cybertrucks, even before completing transactions, illustrates their commitment to enforcing the clause. Despite efforts to circumvent it, such as leasing agreements, Tesla’s actions have largely curtailed flipping activity.
Market trends indicate a decline in Cybertruck prices, potentially rendering the no-resale clause less impactful. Recent transactions reflect decreasing prices, suggesting a possible future where Cybertrucks sell at little to no premium.
