Tesla Bars Customers From Selling Model S, X 'Signature' Edition Within One Year
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Tesla has included a clause in the purchase agreement for the Model S and Model X 'Signature' edition, barring customers from selling their vehicles within a year of buying. The clause is intended to prevent resale of the limited-edition models, and customers who breach the terms may face penalties or be refused future vehicle sales.
Tesla has introduced a new clause for customers buying the Model S and Model X 'Signature' edition. The clause prohibits resale of the vehicle within one year of delivery. If a customer needs to sell the vehicle due to unforeseen circumstances, they must notify Tesla and give the company the option to buy it back at a predetermined price. Customers who breach the terms may face a $50,000 penalty or be refused future vehicle sales. This move is likely intended to maintain the exclusivity of the limited-edition models. Tesla has been working on new models, including an affordable EV, and has received regulatory approval for its Full Self-Driving technology in the Netherlands.
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