Watch: First Cybertruck Sells At Manheim For $244,000
Customers who purchase Tesla's long-awaited Cybertruck are bound by a buyer's agreement that they cannot sell the futuristic vehicle in the first year - or risk a severe penalty.
The contract states, "You agree that you will not sell or otherwise attempt to sell the Vehicle within the first year following your Vehicle's delivery date," and further specifies that violating this agreement allows Tesla to pursue "injunctive" legal action or seek "liquidated damages from you in the amount of $50,000." Moreover, should the resale value exceed $50,000, Tesla reserves the right to claim the entirety of those proceeds as well.
Currently, no Cybertruck owner has yet to own the vehicle long enough to bypass the buyer's agreement. However, one owner has managed to sell their truck to a dealership, and it was listed on the Manheim car auction website on Wednesday (to note: this is the first Cybertruck to hit Manheim).
X user Matthew Donegan-Ryan hosted a live feed of the auction this afternoon. He said, "Whoever sold this [Cybertruck] to a dealer is likely to receive some negative feedback from Tesla - or possibly get sued."
The dealer auction only lasted a few minutes. It opened at $200k, more than double the price of the Cyberbeast version of the truck listed on Tesla's website for $96,390.
The winning bid was Porsche South Orlando for $244,500.
Watch here:
First Cybertruck Dealer Auction LIVE at Manheim https://t.co/Aqb09mZMFZ
— Matthew Donegan-Ryan (@MatthewDR) February 28, 2024
After the auction, Donegan-Ryan said, "I imagine Tesla is going to sue the owner."