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Contract states that purchasing a cybertruck limits reselling until after the first year is complete.
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r/technology
2024-09-06
I wonder if this kind of contract has been challenged in court before. Would make for an interesting case. Especially the fines aspect of it
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2024-09-06
It's sort of like how a company tells a private citizen, hey we have fined you. And then the private citizen is like, fuck you and then life doesn't change in the slightest.
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2024-09-06
Wait, you can't sell YOUR own car? Wtf is this?
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2024-09-06
How would they k ow that you sold it?
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2024-09-06
Is Tesla the fucking government now , able to issue fines? Fuck off.
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2024-09-06
Yes, if you signed the agreement. He's definitely allowed to sell the truck after a set number of years. But until then, I suppose he isn't.
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2024-09-06
Stop giving terrible companies your money.
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2024-09-06
"buyer" implies that the "buyer" bought something. If they can't control what they do with it, they didn't buy it.
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2024-09-06
It's similar to how a company tells someone, "Hey, we've fined you." The private person then says, "Fuck you," and their lives remain exactly the same.
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2024-09-06
Pretty sure they sign a contract that consents to a fine
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2024-09-06
Thanks, edited: changed serious to serious/safety.
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2024-09-06
It's to combat scalpers. When a product is in high demand, people will buy low/sell high to other people who want it more than they do. We had a massive problem with computer GPUs during the pandemic, where the street price was basically double MSRP because of scalpers. Yes, on some level it is anti-capitalist, but the brands don't want to raise MSRP based on Supply/Demand because it hurts their brand image. But scalping is anti-consumer, because it basically raises inflation.
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2024-09-06
He is trying to scalp. The stock of vehicles tesla has are almost entirely models 3 and Y. The cybertruck is still going down its waitlist and likely will be for at least a few more months.
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2024-09-06
That's just the current used car market.
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2024-09-06
>he signed a Tesla Vehicle Order Agreement which states if a Cybertruck owner sells the EV during the first year, they can be fined $50,000 and be banned from buying future Teslas Why on earth would anyway sign this
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2024-09-06
They are cutting down on scalpers. You should see the terms Ferrari has for buying a Ferrari. There are plenty of people banned from buying a Ferrari.
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2024-09-06
You appear to be incapable of basic conversation. I’ll not waste any more time on someone as shitty as you. Good day.
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2024-09-06
Sounds like if they don’t buy back you are still stuck. https://www.carscoops.com/2024/06/unhappy-cybertruck-owner-says-tesla-wont-let-him-sell-it-or-buy-it-back-from-him/
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2024-09-06
Tesla doesn't have dealerships. I guess this person is some showroom manager, but I don't know why anyone would care what they think.
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2024-09-06
sounds like you never have or ever looked under the hood of one. please dont try to gaslight someone that actually knows something about a subject.
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2024-09-06
Bricks can survive a car wash
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2024-09-06
https://www.npr.org/2023/01/12/1148634966/elon-musk-guinness-world-records#:~:text=Guinness%20World%20Records%3A%20Elon%20Musk,than%20anyone%20in%20history%20%3A%20NPR&text=Weekend%20Edition%20Saturday-,Guinness%20World%20Records%3A%20Elon%20Musk%20has%20lost%20more%20money%20than,due%20to%20Tesla%20stock%20plummeting. Tesla CEO Elon Musk has broken a record for the largest amount of money lost by one person, according to Guinness World Records. Musk lost between $180 billion and $200 billion since November 2021, largely due to the poor performance of Tesla stocks in recent years, according to the report. His fortune went from about $320 billion in 2021 to its current level of about $147 billion. Still, Musk remains the second-richest person in the world, behind Bernard Arnault, the CEO of luxury goods conglomerate LVMH, according to numbers by Forbes. I think Musa was the wealthiest person in history. Though it’s difficult to estimate an individual’s wealth from a monarchy’s wealth. I think you are referring to his Mecca trip in which he gave away an about a billion in gold bullion crashing egypts economy for 12 years. That’s not close to this loss Musk achieved.
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2024-09-06
Lmfao. Classic. "Teslas are shit" "No they're not and here's why" "Wow ur crazy I'm leaving"
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2024-09-06
Same reason they do for Ferrari
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2024-09-06
Thank you for the explanation, I did not want to search for it myself, feeling lazy and I honestly do not know about these things that much. Now I will say one thing, one has to be a proper idiot to sign something like this with them.
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2024-09-06
Deliveries for signing up now say you still get your car in 2024.
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2024-09-06
>You mean these are desirable and sought after He is selling his and someone buying it so yes.
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2024-09-06
Sounds like you have no idea what you are talking about.
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2024-09-06
Or, an alternative headline: idiot spends way too much money without measuring whether a massively oversized vehicle will fit where he needs it to.
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2024-09-06
land of the FREE*
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2024-09-06
Do they really give a shit, or is it more about the money and the impression of luxury and exclusivity? Making consumers climb the ladder is a fairly common thing for luxury brands. Rolex does it too.
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2024-09-06
Seriously. No it’s based off of the two people I know who have teslas and have had nothing but be problems with them. And yes musk is an asshole too but that has nothing to do with my opinion of these cars. Sit down.
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r/technology
2024-09-06
I said good day.
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2024-09-06
Louis Vuitton literally destroys their overstock. They’re damned serious about restricting supply.
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2024-09-06
I would take the pile of junk to a car crusher and have them shred it and then deliver said car to the dealership with a note. Dear fuckwads, you said I couldn't sell it, fine, so here is your over priced Pontiac Aztec back. Sometimes you have to walk away from things even if it's a huge loss. And in this case, I would walk knowing I would lose a ton of money. (But honestly, I would never buy an over priced Pontiac Aztec.)
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2024-09-06
They most certainly do not have 50K unsold Cybertrucks, and nobody who really wants a Cybertruck is just going to settle for a 3 or a Y when they find out they can't get a Cybertruck. The unsold inventory is completely irrelevant in this situation.
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r/technology
2024-09-06
Oh man just wait till you learn about the ISDS court in the US. We the taxpayers have paid companies billions because they sued the federal government for lost profits.
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2024-09-06
>”Making me keep a truck that does not fit my circumstances appears to be unfair and not at all the spirit of the no sale language in the contract,” he added in the note. He could have just decided not to take delivery of the truck given he was already in the apartment. I think we see a glimpse of why he is divorced, given he's clearly a huge whiny douchebag.
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2024-09-06
A keen observer may notice that 2024 still has 6 months left.
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2024-09-06
They need to color code these bags like kung fu belts or something cause I cannot tell the $500 entry bag apart from the $50000 prestige 10 bag.
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2024-09-06
Tesla was very upfront about the 50,000 fine if you sold your car in the 1st year.
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2024-09-06
Yup. He is not. policy is created before the product is sold. Few people understand the difference between past events and current events. Only someone with a time machine can fix a past policy.
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2024-09-06
The buyer signed a contract and agreed to these terms. It is to prevent scalping.
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2024-09-06
Same reason Ferrari and Ford do this for some models, they don't want scalpers buying up inventory and profiting off them
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2024-09-06
[LegalEagle Contract Law: John Cena and Ford](https://m.youtube.com/watch?si=0DYhLaqt39QLZmFZ&v=C6aeL83z_9Y&feature=youtu.be &t=6m54s)
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r/technology
2024-09-06
Well, we now know why he's separated from his wife.
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r/technology
2024-09-06
Car fanatics will never make any sense.
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r/technology
2024-09-06
Lol, I didn't come up with that title. I just shared as is. Thanks, though.
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2024-09-06
Ever since you could sign a contract. This isn't new except for Redditors or never leave their house.
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2024-09-06
It's already been done. Most notably Cena vs Ford which Cena settled out of court. Ferrari and plenty of other high end luxury brands have enforced similar clauses. Turns out you gotta read contracts before you sign them.
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r/technology
2024-09-06
Just run it through a car wash and write it off.
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2024-09-06
Eh it’s not the early 20th century anymore, “millionaire” isn’t what it used to be.
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2024-09-06
I'm just.... baffled at the idea of a purchase contract that says you can't resell the vehicle for a year or you get fined $50,000. WT actual F? Ignore the insanity of the concept, would that even be enforceable? I mean, I don't have a lot of sympathy for the kind of person who'd buy Elon's idiot low poly crapmobile but that's just baffling.
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2024-09-06
This was a settlement and wouldn't be used as precedent if it went to court. Relevant in that it is similar, but I wouldn't count on the same resolution if it did actually go to trial.
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2024-09-06
I know. But I also know that they could use a little good publicity right now. Regardless of the contract, Tesla ends up looking like the evil, heartless corporation. This would have been an easy fix. And if they're worried about starting a trend, just offer to buy it back or swap it for a cheaper Tesla.
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r/technology
2024-09-06
/r/yourjokebutworse
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2024-09-06
Part of me thinks this is really fucking stupid. Part of me respects the hell out of a company for being able to convince people to spend money on this shit.
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2024-09-06
Tesla: "You will own nothing or else we will make it BAD for you. Also, it'd be a real shame if you tried to fix your own truck..."
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2024-09-06
Imma say it outright. No. Tesla can't give him a fine for selling the car he bought and paid for.
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r/technology
2024-09-06
It's specifically Ferrari's brand, idk why but our generation doesn't idolize Ferraris as much, like we know they're insane cars obviously but Lambos, McLarens, and especially the Porsche GT3 RS occupy more peoples' headspace as dream cars.
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r/technology
2024-09-06
A LV rebranded is still a LV. Shit on them all you like but their bags are build to withstand a bunch of use. People would realize that it's just a LV bag with another brand on it and grab them up and they would just be as expensive on the third party market.
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r/technology
2024-09-06
I agree with you.. the owner signed the contract, it’s on them to deal with the aftermath. My comment was in regard to Tesla’s contract in general not this individual’s specific situation. I think capping the quantity paired with a first right of refusal would be better than this contract. And no one is getting ripped off by grifters who WILLINGLY pay a premium on the secondary market for the vehicle because they believe it’s worth the cost. They can choose to wait and pay the retail price or skip the line and pay the premium to do so because it’s worth it to them. Just like this individual entered willingly into a contract with Tesla so does a person purchasing on the secondary market at a premium when demand is high for a product.
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r/technology
2024-09-06
The used car market has come back down to something resembling reality in the last few months. It's still higher than "normal". See below articles for reference: https://www.cnbc.com/2024/03/21/new-used-car-prices-are-cooling-heres-what-auto-shoppers-can-expect.html https://finance.yahoo.com/news/used-car-prices-fall-again-in-april-down-nearly-17-from-pandemic-highs-162758735.html High residual values are actually something pretty unique to the Wrangler (similar to the Tacoma).It's been that way for years. Perceived utility/capability (good 4wd... basically a convertible suv) being chief among the reasons why it has a higher than average resale value. They do suffer a bit on the reliability piece (as do all Stellantis/Chrysler products)... but do pretty well in the standard 3.6 V6 configuration (stay away from the Wrangler Hybrids for now... lots of problems). As the parent comment indicates... buying a Wrangler is indeed an overall good choice if residual value is important to you (barring the obvious financial advice that cars... in general are poor investments).
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2024-09-06
Teslas owners are r/iamverysmart Who buys a car without making sure it fits in their parking space?
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2024-09-06
Nintendo also does this. Tesla isn't unique as much as the articles across Reddit would love to protray them as being the worst version of that something.
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2024-09-06
Buying bags to buy other bags? Did they really gamify buying bags? That is dumb.
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2024-09-06
That’s pretty easy to work around. Most people spending $150k on a $100k car are paying cash. It’d be pretty easy for buyer and seller to say “hey, I only gave you $100k cash right?” And slide the other $50k under the table. Illegal, sure, but under the table cash deals happen all the time, and Tesla would only be able to go based on what the bill of sale says, which if both parties agree, can be anything.
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2024-09-06
Interesting that you can go on auction sites like Cars and Bids and there the Cybertrucks are. So apparently plenty of owners don't give a shit about this clause. And the market is not rewarding scalpers anymore either. Last Cybertruck on Cars and Bids didn't even meet reserve. Seller claimed a family issue came up and they needed to sell, and it wasn't a flip, but also wouldn't tell anyone what the car stickered for.
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2024-09-06
difference between a million and a billion is a billion
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2024-09-06
>it’s worse than that.  Ferrari requires you to own a lower-end Ferrari in order to buy the most top-end recent models. Anybody who agrees to that is a tool. I'm sorry. No car is worth going through that much hassle.
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2024-09-06
Sorry man. Guy gets what deserves. Bucket of chips truck sells on the open market with buyers agreeing to terms before exchanging cash for car. Tesla’s uniqueness is gone and now finding out how hard it is to actually run an automotive manufacturing business with a huge glut of inventory.
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2024-09-06
"anti-scalper" lol as if the demand is that high. consumers don't want this.
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2024-09-06
>Does Ferrari make their clientele you can just call them tools, dont need to get french
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2024-09-06
How can they even force him to do that?
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2024-09-06
It’s HIS TRUCK
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2024-09-06
I mean there's a reason they don't care about the publicity. They sell plenty of cars, more year over year for the past several years.
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2024-09-06
Dude orders cybertruck and wife divorces him…. That part of the story is definitely believable.
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2024-09-06
That's not pro consumer. Pro consumer would be to ban selling it for more than you paid or ban someone from selling it if they've recently sold more than 2 of the cars in the recent year or so (which would obviously mean there just resellers) Anyone should be able to sell a car at any time that they recently purchased to use but don't like it for whatever reason
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2024-09-06
looks like you dont know how bad faith arguments or trolling works. the problem here is you making insane assumptions based on a religious level hatred of a person that overshadows anything else being discussed. your immediate jumping to the conclusion that i must work for tesla or am a corporate shill because i have actual experience in this field (and i didnt even say wich field exactly or for what companies i worked for) makes any further fact based discussion impossible. if you want to have an actual discussion about the engineering (of teslas or other brands) you first need to learn to separate your hatred for musk from your reasoning, something you are obviously not able to do at this point.
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2024-09-06
Tesla threatens to enforce its reasonable (at the time... not sure if it's an issue any more, heh) anti-scalping policy of making purchasers wait a year before reselling their cybertruck. The policy that was very much publicized and the owner was almost certainly made well-aware of prior to purchase.
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2024-09-06
doesn't matter if its a supercar or not, many car brands do this exact thing with popular models. the ford F150 lightning comes with a 1 year no resale clause, most tesla models come with a 1 year right of first refusal for tesla, and most Chevorlet Corvette C8s come with the same sale contract. You have to see if the company wants to buy it back. if they refuse to buy it back, then you can usually sell it. its likely that this guy didn't ask tesla, and just put it up for sale. if he had asked tesla, and they said "no" then he would have likely been free to sell it.
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2024-09-06
I don't think Reddit has ever portrayed this as a thing unique to Tesla, especially as right now you're in a pretty well upvoted chain of comments pointing out other companies doing it. And a lot of us are also aware of Nintendo's shitty business practices, but they at the very least put out a good product in contrast to Tesla.
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2024-09-06
all of these brands are nothing but waste generators, and it pisses me off. they should be fined the retail cost of every bag and piece of clothing they destroy or put in the landfill. its a disgusting display of waste that needs to be stopped entirely.
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2024-09-06
That's correct. You would be welcome to sell your property. And you would continue to be bound by the terms of the contract you signed, so you would owe $50k.
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2024-09-06
Then you might just be a supercar.
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2024-09-06
Yeah, I was pretty sure that Tesla doesn’t have dealerships. This story has been in the news for like a week as well, so the company has had plenty of time to change course if they wanted to.
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2024-09-06
my wife has an LV bag. its trash. its not designed to withstand abuse or use, its a fashion statement and thats it. you get more durable purses and bags from walmart. She bought 1, and she said she will never buy another one because its the thinnest, cheapest feeling leather, the zipper sucks, and the stitching inside has already started to come apart resulting in the bag having a small gap in one of its corners. If she used it like any of her other purses or wallets, it would get destroyed in weeks at best.
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2024-09-06
Gotcha. I was thinking returning it for a refund.
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2024-09-06
Honestly, I would understand this if it wasn't allowed to make a profit on it or Tesla would have a fair buy back program but as it is, I don't think this should be legal.
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2024-09-06
It's quite sad really!
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2024-09-06
This dude is just now finding out that Tesla is an absolute shit company run by a manchild in a suit and *none* of this options for resolution are going to be good. I suppose a year or two ago (when he bought the truck), someone could be forgiven for still being a Tesla fanboy and really wanting one of their shitty cars, but anyone today who still thinks Tesla is a company they should be dealing with at all, needs to have their head examined.
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2024-09-06
Ford made people sign one too (in Canada atleast) with the lightning and when there was a shortage of f350s
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2024-09-06
Nonsense, C&B has sold a few of those things https://carsandbids.com/search/tesla/cybertruck
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2024-09-06
I really wanted a Civic Type-R or a GR Corolla. But I am not going to pay $50,000 for a compact car, even if it is "special".
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2024-09-06
When you sign a contract and threaten to breach it, anyone can take you to court.
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2024-09-06
how is this teslas fault if the guy does not know how to use a tape measure.
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2024-09-06
I love seeing these morons getting fucked over
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2024-09-06
How else are they going to get someone to pay $20,000 for a purse if they don't put inexcusable barriers to establish artificial exclusivity?
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2024-09-06
Buyer be ware. Never sign something so ridiculous. F Tesla. Life’s not fair.
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2024-09-06