Elon Musk-led Tesla Inc. (NASDAQ:TSLA) has included a clause in the purchase agreement for the Model S and Model X customers that will bar them from selling their vehicles within a year of buying the vehicle.
Tesla’s 1 Year Clause
On Sunday, a user, The Cybertruck Guy, took to the social media platform X to share screenshots of a purchase agreement for Tesla’s Model S and Model X ‘Signature’ edition models. “You agree that you will not sell or otherwise attempt to sell the Vehicle within the first year” following its delivery date, citing its limited release nature.
Tesla also maintained that should any “unforeseen” circumstances force the buyer to sell the vehicle and the EV giant accepts the customer’s reasons, the buyer would “agree to notify” the automaker and “give Tesla reasonable time to purchase the Vehicle” from the customer “at its sole discretion and at the purchase price listed on your Final Price Sheet less $0.25/mile driven,” the agreement said.
The owner can sell their vehicle to a third party should Tesla refuse …
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