Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Street
The Street
Colette Bennett

Elon Musk backpedals on harsh Cybertruck resale guidelines

When the Tesla TSLA Cybertruck comes up in conversation, the fiercely modern-looking vehicle is guaranteed to elicit a range of intense reactions: everything from fierce devotion from Elon Musk fans who got their preorders in on day one to those who are less than enchanted with the CEO's notorious flair for big promises that don't always follow through.

But the vehicle was in the news Tuesday for a genuinely controversial reason. Tesla released a motor vehicle agreement in late November with some highly unusual small print indicating that customers cannot resell their Cybertrucks within the first year of ownership, and if they did, Tesla would sue them to the tune of $50,000.

Related: Tesla adds controversial clause to contract for Cybertruck buyers

The story made its way across the internet Nov. 13, with many less than pleased about the idea. But as of today, the guidelines have apparently been rewritten and the bit about reselling the Cybertruck resulting in a lawsuit have been removed. The change was noticed by the Tesla investor Sawyer Merritt, who shared a side-by-side comparison on X of the old and new guidelines.

Musk has not made any public comment about the original agreement or the changes. 

The Cybertruck is slated to begin delivery on Nov. 30. Musk has pushed back the release date several times, delaying the unusual vehicle for two years total.

In the meantime, social media has been making fun of the Cybertruck thanks to both a viral photo of its rear end (which one user called "literally the ugliest vehicle I've ever seen") and a video of one trying to drive uphill and clearly struggling to do so.

Get exclusive access to portfolio managers and their proven investing strategies with Real Money Pro. Get started now.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.