❗️ He FLIPPED his CYBERTRUCK for $245,000 🥵 How He Feels about NO-RESALE Agreement & Profit Made

[JBee]

Not sure why so many people are mad at the flippers. Just because tesla made a resale rule doesn't mean they are right.

If we were talking about houses instead of Cybertrucks nobody would bat an eye. The home builder doesn't come after you if you flip a house for a profit even if you sell the next day and do nothing to it.

Most people on these threads are homeowners I bet and I find it hard to believe they would price their house at the low end of the market to be less "greedy." What is the rate-limiting principle for what isn't greedy? The optics don't look good to call flippers greedy when you have the means yourself to buy a 100k truck. You could give the money in cash to a homeless shelter instead and pass on the cybertruck to help to cancel out the greed of others. There is no logical limiting principle for the false modesty and hypocrisy.

Most of the same individuals going on about greed also state things like "tesla low-balled me on my trade so I went private or KBB." So therefore the dollar amount is what bothers them not the natural human instinct at play.

Almost everyone, everywhere will charge the highest for possible price if they can.

Tesla is very unlikely to go after the flippers. It is free advertising and it makes their current pricing (essentially double from 2019 unveiling) seem benevolent when people see such a large mark up.

It is not worth it to Tesla to spend on legal fees and bad press when they are getting free advertising that makes current pricing seems reasonable.

I have nothing against the flippers and I'm excited for my truck. I'm helping out the giga factory employees' kids through college and it feels great.

Exactly, just like door locks keep the honest people out.

There is absolutely no justification for Tesla to add the clause, except for us to discuss it and feed the hype machine its daily sacrifice.

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[Crissa]

Not sure why so many people are mad at the flippers. Just because tesla made a resale rule doesn't mean they are right.

If we were talking about houses instead of Cybertrucks nobody would bat an eye. The home builder doesn't come after you if you flip a house for a profit even if you sell the next day and do nothing to it.

Most people on these threads are homeowners I bet and I find it hard to believe they would price their house at the low end of the market to be less "greedy." What is the rate-limiting principle for what isn't greedy? The optics don't look good to call flippers greedy when you have the means yourself to buy a 100k truck. You could give the money in cash to a homeless shelter instead and pass on the cybertruck to help to cancel out the greed of others. There is no logical limiting principle for the false modesty and hypocrisy.

Most of the same individuals going on about greed also state things like "tesla low-balled me on my trade so I went private or KBB." So therefore the dollar amount is what bothers them not the natural human instinct at play.

Almost everyone, everywhere will charge the highest for possible price if they can.

Tesla is very unlikely to go after the flippers. It is free advertising and it makes their current pricing (essentially double from 2019 unveiling) seem benevolent when people see such a large mark up.

It is not worth it to Tesla to spend on legal fees and bad press when they are getting free advertising that makes current pricing seems reasonable.

I have nothing against the flippers and I'm excited for my truck. I'm helping out the giga factory employees' kids through college and it feels great.

If they had a contract for a new development, an HOA or prior owner or neighbor would definitely sue you if you violated the covenant or title or sales contract.

Literally FHA doesn't let people buy flipped homes, as well.

-Crissa

 

[HaulingAss]

There is absolutely no justification for Tesla to add the clause, except for us to discuss it and feed the hype machine its daily sacrifice.

It's deusional to think that was Tesla's reason.

Tesla added the very reasonable 1 year no flipping clause to prevent the chaos that would ensue if half the early sales were used to scalp Cybertrucks for big profits. Who knows how much Tesla will tolerate when it comes to protecting the people who made reservations in good faith, because they wanted to put the Cybertruck into their own service.

Many forget, but you couldn't even make a reservation without agreeing that you were reserving it for your own use, not to resell to others for a quick profit.

There is no chance in hell that Tesla came up with that provision for discussion purposes and to feed the hype machine. They did it to protect the end users of their products and prevent market chaos in the trading of their product early in early Cybertruck production. Also, Tesla is under attack from multiple well-funded sectors of the current economy, and they don't need their early production products to end up in the hands of people who didn't originally pre-order them.

Just don't be surprised if the growing black market in new Cybertrucks causes Tesla to step in at some point and start exercising their rights against the people breaking the contract and operating under false pretenses. And who could blame them for using reasonable means to take care of the people who were blatantly breaking the contract they had signed? The answer is only people who hate Tesla and want them to die and go away would blame them. No one likes liars and cheats operating only their self-interest in order to unfairly profit from Tesla's creation.

The point is, break the contract at your own risk. You have been warned every step of the way. You won't get much sympathy if you come crying to the forum about how unfair it was that Tesla enforced the terms of your agreement.

 

[JBee]

It's deusional to think that was Tesla's reason.

Tesla added the very reasonable 1 year no flipping clause to prevent the chaos that would ensue if half the early sales were used to scalp Cybertrucks for big profits. Who knows how much Tesla will tolerate when it comes to protecting the people who made reservations in good faith, because they wanted to put the Cybertruck into their own service.

Many forget, but you couldn't even make a reservation without agreeing that you were reserving it for your own use, not to resell to others for a quick profit.

There is no chance in hell that Tesla came up with that provision for discussion purposes and to feed the hype machine. They did it to protect the end users of their products and prevent market chaos in the trading of their product early in early Cybertruck production. Also, Tesla is under attack for multiple well-funded sectors of the current economy, and they don't need their early production products to end up in the hands of people who didn't originally pre-order them.

Just don't be surprised if the growing black market in new Cybertrucks causes Tesla to step in at some point and start exercising their rights against the people breaking the contract and operating under false pretenses. And who could blame them for using reasonable means to take care of the people who were blatantly breaking the contract they had signed? The answer is only people who hate Tesla and want them to die and go away would blame them. No one likes liars and cheats operating only their self-interest in order to unfairly profit from Tesla's creation.

The point is, break the contract at your own risk. You have been warned every step of the way. You won't get much sympathy if you come crying to the forum about how unfair it was that Tesla enforced the terms of your agreement.

Still more fluff.

The clause protects "legit customers". What does that even mean in the real world?

Who buys a vehicle at a premium for political reasons to defame a car brand?
Are people paying extra for a early delivery criminals, liars and cheats now?
Why did you pay the FS premium then?

You still avoid to answer a simple question:
How does a bank repossess and sell a Cybertruck before the year in the clause is up?

 

[mikytalky]

Well, how about Tesla honor our reservation price $39K for the Cybertruck first then talk about no one can flip it for higher?

 

[firsttruck]

It's deusional to think that was Tesla's reason.
.....
The point is, break the contract at your own risk. You have been warned every step of the way. You won't get much sympathy if you come crying to the forum about how unfair it was that Tesla enforced the terms of your agreement.

......
You still avoid to answer a simple question:
How does a bank repossess and sell a Cybertruck before the year in the clause is up?

I will not answer for HaulingAss but my answer to the question is

Simple question has a simple answer.
The bank did not sign a contract with Tesla. The bank does not have a 1-year no resale restriction.

 

[HaulingAss]

I will not answer for HaulingAss but my answer to the question is

Simple question has a simple answer.
The bank did not sign a contract with Tesla. The bank does not have a 1-year no resale restriction.

Yes, thanks for answering that, I didn't see it as a serious question that needed an answer, but maybe it was.

 

[firsttruck]

Yes, thanks for answering that, I didn't see it as a serious question that needed an answer, but maybe it was.

Unfortunately in the new modern "Dark Ages", no dumb question should go unanswered when you still have people that think the earth is flat or they should fight Covid by injecting themselves with bleach or UV light inside.

 

[Coolbreeze704]

I will not answer for HaulingAss but my answer to the question is

Simple question has a simple answer.
The bank did not sign a contract with Tesla. The bank does not have a 1-year no resale restriction.

If I am not mistaken Tesla took my 1000 dollar binding, non refundable deposit first. Then they served up the "no resale" clause.

Hmmm

Such a major clause should be put in front of the potential buyer before the non refundable dollars are collected.

Do you think they would give you your money back if you disagreed with the no resale? No sir.

I know we all knew about this going in but as we see there are many, many more res holders and invitees then the group here that were privy to the clause. .

 

[firsttruck]

If I am not mistaken Tesla took my 1000 dollar binding, non refundable deposit first. Then they served up the "no resale" clause.

Hmmm

Such a major clause should be put in front of the potential buyer before the non refundable dollars are collected.

Do you think they would give you your money back if you disagreed with the no resale? No sir.
......

If you did pay the $1,000 non refundable BEFORE the no-resale clause was added, and no-resale was a deal breaker for you, DID you actually ask for the deposit back ???

 

[Coolbreeze704]

If you did pay the $1,000 non refundable BEFORE the no-resale clause was added, DID you actually ask for the deposit back ???

I asked to have the order for FS to be removed and allow me to stay in my place for a non FS. I was told they would at first then the backtracked and left my order as is. I will need to try again when my vin is released soon. If not I will either have to take the order or lose my $1100

 

[HaulingAss]

If I am not mistaken Tesla took my 1000 dollar binding, non refundable deposit first. Then they served up the "no resale" clause.

Hmmm

Such a major clause should be put in front of the potential buyer before the non refundable dollars are collected.

Do you think they would give you your money back if you disagreed with the no resale? No sir.

I know we all knew about this going in but as we see there are many, many more res holders and invitees then the group here that were privy to the clause. .

Save your fake narrative for people who don't know any better. Anyone who didn't like the contract did not have to sign it (no money would have been witheld by Tesla). And we have known that the Cybertruck was only to be reserved by the end user (with no intention to flip it) since the night they revealed the CYbertruck to the public. You couldn't even get a reservation without signing acknowledgement of that. And Tesla uses relatively short and simple agreements, written in plain language, without all the complex mumbo-jumbo you find in more traditional purchase and sale agreements peppered with tons of fine print.

Anyone butt hurt about not being able to flip it without violating their contract, just wanted to make a profit without adding any value, so nothing that was worth anything was lost there.

 

[HaulingAss]

I asked to have the order for FS to be removed and allow me to stay in my place for a non FS. I was told they would at first then the backtracked and left my order as is. I will need to try again when my vin is released soon. If not I will either have to take the order or lose my $1100

Sure, but you couldn't have a standing order in the first place without knowing about the "no resale" clause. That's been in the agreements from the beginning.

Both the original reservation and the earliest purchase and sale agreements.

 

[Coolbreeze704]

Save your fake narrative for people who don't know any better. Anyone who didn't like the contract did not have to sign it (no money would have been witheld by Tesla). And we have known that the Cybertruck was only to be reserved by the end user (with no intention to flip it) since the night they revealed the CYbertruck to the public. You couldn't even get a reservation without signing acknowledgement of that. And Tesla uses relatively short and simple agreements, written in plain language, without all the complex mumbo-jumbo you find in more traditional purchase and sale agreements peppered with tons of fine print.

Anyone butt hurt about not being able to flip it without violating their contract, just wanted to make a profit without adding any value, so nothing that was worth anything was lost there.

HA, not sure what you are talking about. I understand you feel attacked. Nothing false about what I am stating.

 

[firsttruck]

Save your fake narrative for people who don't know any better. Anyone who didn't like the contract did not have to sign it (no money would have been witheld by Tesla). And we have known that the Cybertruck was only to be reserved by the end user (with no intention to flip it) since the night they revealed the CYbertruck to the public. You couldn't even get a reservation without signing acknowledgement of that. And Tesla uses relatively short and simple agreements, written in plain language, without all the complex mumbo-jumbo you find in more traditional purchase and sale agreements peppered with tons of fine print.

Anyone butt hurt about not being able to flip it without violating their contract, just wanted to make a profit without adding any value, so nothing that was worth anything was lost there.

HA, not sure what you are talking about. I understand you feel attacked. Nothing false about what I am stating.

I had no problem understanding HaulingAss response.

I also read the 2019 Tesla Cybertruck PRE-ORDER agreement that you agreed to AND existed before you made an actual ORDER (in 2023/2024) and you paid the non-refundable $1,000.

You should should have read the Cybertruck PRE-ORDER agreement before you agreed to the Cybertruck PRE-ORDER agreement.

If you really did pay a $1,000 no refundable AND really did disagree with the 1-year no resell AND really wanted your money back you should have re-read AGAIN the Cybertruck PRE-ORDER agreement in preparation for the fight to get the $1,000 back.

-------------------------

2019 Nov 21
Cybertruck Motor Vehicle Pre-Order Agreement Terms & Conditions
https://www.tesla.com/order/download-order-agreement?redirect=no&country=US&model_code=mp

.....
No Resellers; Discontinuationon; Cancellationon. Tesla and its affiliates sell cars directly to end-consumers, and we may unilaterally cancel any order that we believe has been made with a view toward resale of the Vehicle or that has otherwise been made in bad faith. We may also cancel your pre-order and refund your Pre-Order Payment if we discontinue a product, feature or option after the ti'me you place your pre-order or if we determine that you are acting in bad faith.

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