Reselling Your Cybertruck Could Be a Problem
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- čas přidán 19. 03. 2024
- In this clip, Marques, Andrew, and David talk about the fine print that makes it difficult to resell your Tesla Cybertruck.
Watch full episode: • You Can’t Sell Your Cy...
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There’s an easy answer to this. Don’t buy one.
Who’d want one? The EV market is collapsing. Porsche won’t take used Taycans in trade Audi is discounting their EVs hugely
THIS is the correct answer.
AND it would seem that most people are taking your advice…nice.
How many kids from the Congo did it take to make the battery?
@jimsteinway695 The EV market won't collapse, in a rough spot? Debatable, but collapse? Fk no
'if buying isnt owning, piracy isnt stealing'
Facts
Amen!!!!
How u gonna pirate a cybertruck?
That's good, but... how does this quote apply to this case?????.
@@scorpiomelancholia1559you wouldn't download a car.
So the billionaire doesn't like unfettered capitalism and is saying regulation is the answer? Interesting.
What kind of stupidness are you saying? If that’s the case then why doesn’t Tesla just sell them for $250k if that’s what people are willing to pay and then when they stop buying it for that price then bring the price down for everyone
This is not an example of "regulation". This is an example of the opposite. Regulation would be something like the government making it so that these clauses are rendered null and void - that is, _regulating_ what a contract can say and still be valid.
The billionaire likes the system where the government does not interfere in what kind of stupid gets put into contracts.
What happened to freedom Elon? 😅
@@Wi2Low yes financial jail. Let us free! He can't just benefit and not us!
wow! what a gift to the crowdfunders@@Wi2Low
Ownership should mean outright ownership! If I spend my hard earned money to purchase something, I don’t want anyone telling me what I can or can’t do with it. Hard stop.
Unless it is the government saying you can't drive it anywhere without paying annual registration fees that it arbitrarily raises at its discretion whenever it wants and without you ever having signed a contract? Or restricting you on some given year from altering or using something you own because it arbitrarily declares the environment will be negatively impacted? If only all these greedy companies would get out of the way and let the real freedom force of government run everything!
LMAO! I feel you man but the truth is no one owns anything in the US anymore. See what happens if you drive with no registration and you get pulled over you will find out real quick that the state owns your vehicle and not you even if you have the title in hand. See what happens if you stop paying property taxes on your house that you own the state will immediately take your home. There is no ownership whatsoever anymore.
@@Feraeondyour boy musk loves the government, they give him billions for his Space-X con. 😂
You sign the contract BEFORE you buy the car. It’s their product and they can decide when and how to sell it. It’s not like you have some God-given right to own their product so if you want it you have to agree to their rules. I don’t really understand why this is so difficult for people😂 know what you’re getting in to before you buy the dang thing.
I’m glad, I hate resellers. If you don’t want it to own then don’t buy it.
So, if you sell your private property, you are forced to pay 50k to the corporation. Lets gooo Tesla, lets gooo USAAA
This is explicitly done to stop scalpers, I can tell you didn't even watch the video.
dont like the conditions dont buy the product
@@mike4402We understand the reason. But bad things shouldn't be allowed simply because they mah have another good reason for it
@@Problemsolver434all you need is teslas approval
@@Problemsolver434and that's a good reason.
All these brands created reselling by creating artificial limitations on inventory and by creating special editions and limited colorways so they have no right to complain.
I don’t think you can prove Tesla intentionally limits their production of their truck
Buy it under and LLC. Transfers LLC ownership… it never sold… still “ original” owner
This is the way.
That’s smart
Shady 😂
Any lawyers in the chat who can confirm this?
@@ohioplayer-bl9emAnd yet even Elon loves & uses legal loopholes like this.
All the wealthy people do.
Had a chuckle at
"Tesla is trying to be about the common man" as they sell a 100k truck 🤣
These guys are out of touch it's not even funny.
if you "buy" something and you can't do anything you want with it, you didn't "buy" it. you rented it
Exactly. Apparently, people in the comments don’t understand what a contract is. I’m guessing most of them have never had a job before.
* for full price.
Can't understand why anyone would be daft enough to buy one of these monstrosities.
On top of that, some people are willing to buy a used one.
Its a cult mindset
The bodega near me literally sells stuff that says things like "only for sale at Aldi".
That's stolen 🤣
You mean to tell me Mr. Freedom of speech won’t let me have the freedom to purchase😂😂😂
Not freedom to speculate
That’s right, mr. brand is selling you a brand, not an ideology.
What percentage of Tesla do you think Elon owns ?
freedom for me not for thee
- freespeech absolutist
He's a free speech absolutist....in his head. In real life he has done more censorship of ideas and people he doesn't like than Twitter did before him. The fact he bans people that disagree with him in replies should tell you more than enough.
The Cybertruck reminds me of the PT Cruiser, red-hot in its' first year but its' image will flip within a couple years.
Bro, the image flipped 5 years before its release.
"they really want to be able to get the Roadster" LMAO - when did you get into comedy Marques?
its only 10 years away lol
@@ashishpatel350 They are still working on the flying part 🤣
@@Wi2Low lol 4 years later and double the price with half the range . So yeah it was vapor ware
@@Wi2Low just musk haters regurgitating the same shite over and over again.
@@Sal3600that’s Elon’s fault for publicly disclosing production benchmarks they never hit. The second gen roadster was introduced to the public in 2017 with availability in 2020 and then 6 more production dates Tesla missed with 14 other announced dates also wrong. That’s all on Elon and the mocking has been earned.
Why are you defending a company that doesn’t care about you, just like nearly every company?
Appreciate you watching my videos and big thank you for crediting the Porsche series on the screen. Its refreshing to see that. Glad i have now found your channel.
Imagine trying to sell a laptop and Microsoft/Dell ask you to pay $75 for a $200 used laptop
More like, your laptop is so rare that its reselling for triple its value so Dell/Microsoft wants $100 for a $600 resale price.
Imagine being dumb enough to pay them cause you sold your truck !
@@diwanthegreat doesn't matter consumers are not responsible for how much inventory a company keeps. if you sell something to a costumer, the rights and responsibility belongs to the costumer.
@@diwanthegreat Cybertruck sells for 100k MSRP, and they charge 50k fee for resale, your 600 to 100 math is wrong. try again
@@limbeboy7 how much you think Cybertruck will resell for right now? There is no way to buy it, even if you are a super rich. The only way, is through resellers so you can imagine it could easily go for 300k of which 50k you pay as fine for breaching the one year contract.
This type of agreement exists in many markets. You can easily get around this agreement using an "option to buy" agreement. You and your buyer enter into an agreement where the buyer pays you a bunch of money for the "option" to purchase your property at a later date, like a year +1 day for your Cybertruck. During that time, you retain the Title (ownership). The buyer uses your Cybertuck and Insures it themself. Typically, nothing in these agreements restricts other people from "using" your property.
the buyer could easily disrupt the agreement and cause chaos
SMART
The "option to buy" may be enough to take the relationship out of the statute that abolishes "uses and trusts" (a Henry VIII era statute that continues to be reenacted). But you are describing a use and trust. And the statute settles "ownership" in the user, cutting off the title owner (trusted figurehead).
I've never heard of anything like this before in any market.
Too much. I'm a simple man. Me stay away
Bodegas/convenience stores are different from flipping. You can easily avoid their prices by being organised enough not to run out of milk at 2am; the little stores don't distort the market, they widen the scope of the market by being just round the corner at anti-social hours. Whether the mark-up of any particular store is reasonable or not is a real question: but I don't see many bodega owners in the rich lists. Plus, cats aren't cheap.
Flipping just means the market hasn’t adjusted properly, being anti flipping but pro capitalism is ridiculous
@@kiwi2035 LOL no.
@@kiwi2035 There are many that buy something just with the intent on flipping it. This distorts the market for the product. Because they wouldn't be a consumer for that product in normal conditions. All this does is lead to higher prices than they should be.
@@BladeoftheImmortal2005 Isn't that what every trader does? Seems to be an inherent feature of a free market. If you sell something undervalue, because of lack of knowledge or time, it makes sense for someone else that has more patience to try to turn a profit from that.
As long as they don't keep it for an extended period of time and just resell it at a higher price, it should not distort the market. However, if they "invest" in it by removing it from the market for an extended period of time, it will inflate the price artificially, that is true. This is what happens to many collectors items, where people that have no interest in actually collecting them buy them in large quantity and keep them as long as the price goes up. If enough do that it creates a bubble that will burst as soon as they see the price drop, while actual collectors are not motivated by profit an would not sell because of that. Happened to coins, stamps, and many other items.
So true, they’re always eating string and stuff, and vet bills are crazy.
Don't get this thing in the first place.
Dealership markup is worse then flipping. With flipping at least the money doesn't go to the dealership
If you are flipping,then you are a dealer!
@@brunoheggli2888Only rich people complain about flipping. They dont need money so.
I've never seen 3 comments get it so wrong
@@daso1n282 no fing duh. Who tf spends +100k on a car that doesn't have money
At the start of the COVID lockdown there was a rush on toilet roll because people thought they wouldn’t be allowed or perhaps wouldn’t want to go shopping. There wasn’t actually a shortage, people just had several weeks ‘stock’ in their houses.
People then started flipping toilet rolls for many times their value.
I think GM addressed this problem more effectively. For instance, in the case of the 2023 Z06, they knew dealers would have insane markups for it, so GM told their dealers that if they sold Z06 cars above the original MSRP, they would not be allowed to sell any future GM performance cars. Of course, buyers are allowed to sell their Z06 at any time they want, so long as their dealers don't sell them above the original MSRP.
You left out the part about GM not honoring the warranty if you are not the original owner
@@ChrisH421 this is fairly standard in most industries, that doesn't make it right, but this is far, far from a GM only thing
@@flamingscar5263 it's far from standard in the auto industry.
The fact you would have a corporation tell you what you can and cannot do with the item that you spent your hard earned money on is a bigger problem than flipping.
as much as I hate flippers, I hate dealer markups even more. We know from sneakers and hype products to keep the supply low to increase the demand. Can you imagine, if Adidas or Nike, in their own store, mark up shoes stupidly high because those particular shoes are very desirable.
There is nothing wrong with dealer markups and with dealer discounts too!
If companies don’t want low volume products to be flipped then they shouldn’t release a product that’s low volume. It’s simple supply and demand, there has to be enough supply for everyone that’s willing to pay over MSRP to make flipping not profitable. As long as there are people that are willing to pay over MSRP there will be flippers willing to sell to them. The buyer values the item more than the person selling. Companies should wait until they have enough inventory and/or production to meet demand to stop flippers. Apple does a pretty good job at this as I’ve pre-ordered multiple Apple devices with minimal wait and haven’t heard of anyone not able to get an Apple product near release.
If someone takes Tesla to court over it, Tesla will loose
well Tesla shouldn't have done 100 dollar refundable deposits@@simplevoicereviewssvr6418
@@simplevoicereviewssvr6418 based on what? What about the contract is illegal....this seems like a pretty normal contract to me, although I'm not a lawyer. Two parties freely entered an agreement, and if one party is in violation of that contract...then the pre agreed upon financial penalty is imposed.
@@00000000000101010don’t bother. You’re clearly talking to someone who has never had a job before, otherwise they would know how a contract works.
Flipping is free market correction. I hate it too, because I’m human and I don’t want to pay more but the root source is supply and demand. What is truly infuriating is like Nintendo and Apple intentionally restricting production to inflate market value. We are frustrated because we can’t get availability at a competitive market price because Tesla has failed to launch at volume for the demand considering the size of the company. Y’all may not be down with minivans, but my Venn diagram is pretty diverse. The Sienna is unrivaled in looks, fuel economy, value abs while other cabs are sitting on lots, the Sienna has had a 6-12mo wait for something like 4 years straight, and a 4yo used one (‘21+ are all hybrid) with 100k-mi is still $36k from like 38k msrp
THIS is why diamonds became so expensive - an item that is incredibly common - De Beers controlled the resale market -
"A Diamond is forever"
They became expensive because of the propaganda, not because they were rare, they’ve never been rare, people just bought into the idiotic propaganda of buying a diamonds for engagements to begin with.
Isn't this... illegal? Placing a fine for reselling something you bought?
You sign a contract that says you can't sell it for a year. Other car companies do it. You can put anything in a contract and people will sign it if they want the product.
Nope.
Just because you own something doesn’t mean you’re free to do anything you’d like with it
@@keshmo12They have already sold out. These clauses are unenforceable more often than not.
people are not going to risk it@@theoneandonlybosable
There’s a dealer that has five cyber trucks already selling for 200,000
Crazy
Selling, or asking for?
The first is STUPID people buying into a marketing ploy, the second is a STUPID dealer trying to get idiots to buy into a marketing ploy!
Living in Minnesota the temp can vary a lot during winter. How does it perform in snow and ice that is on the road at times? How smooth of a ride is it over crappy roads with lots of potholes. Is there some protection over the battery so if you hit something and damage the battery. How likely will it start a fire. I have seen a video where they hit something and the car burned to the ground. If the truck is in Neutral can you move it off the road to the shoulder if you stall?
Tesla doesn't have to control the product after the sale
Especially since at the time of booking and purchase this clause was not mentioned. Markets work like this, if there is demand there is always the option for those who have the product to choose to sell.
Then why doesn’t Tesla just sell all their cybertrucks with a bidding system so that they can make scalper prices for each one without rewarding actual scalpers?
We have regulations for a reason.
I don't know what to do. I got the reservation email 2 days ago but I don't want it anymore. I don't care to buy another tesla anyway, so their lockout doesn't bother me. The cybertruck was the only tesla I was interested in. Now with the Rivian 3x revealed, my eyes are completely set on that. Why shouldn't I be allowed to buy and sell? I don't buy from flippers, and I hate that flipping is even a thing, but exclusive access to something early is always worth something... I'm of two minds and don't know what to do.
Historically, it has been common for people to put deposits down on high demand products, such as luxury cars, and close to actual delivery date selling that spot, at a high premium, to people who have the money and want it without waiting.
A similar ploy is where there may be a limit in the numbers of a product being available in a country.
tesla deposit was 100 dollars refundable. guess how many scalpers put down multiple deposits
Why is this even a surprise, luxury brands have been doing this for years. AP does it, Ferrari does it, Porsche does it, and so many others. The thing about dealership markup is they overdo it they may get their future deliveries reduced or cancelled.
Ferraris don’t accumulate rust in their first week on the road.
@@cxar71Ferraris are barely on the road though so we’ll never know.
@@wole997 Yes, that must be the reason why they don’t get rusty… surely not because rust resistance techniques are so cheap and commonplace nowadays that even 10k$ Chinese cars won’t see rust before being 8/10 years constantly out in the street. 😂
Yeah, the keyword here is “luxury” not “rusty bucket”.
You can do whatever you want with your AP, Ferrari and Porsche, there is no fine.
They just won't sell you future rare models, that's it. No fine and other BS.
A few years back, here in Vancouver we had a very cold winter (not normal for us). Due to the ice on driveways and sidewalks, which home owners are responsible for clearing, there was a higher demand for Road Salt (melt). The stores were sold out, but sure enough, craigslist and FB marketplace were full of people trying to flip bags of it for a king's ransom.
I used a few spare email accounts and had some fun making all sorts of deals to buy from the flippers, then just not showing up.
I should be able to sell it but not for profit. The clause should state that the private sale should be locked to the buying price
Then you could say I've got some floor mats , you can buy them for 20k.
@@derekdrummond7544That's what some dealers do to get around laws that don't allow markups.
If I buy something then I own it , I can do whatever I want with it , I can blow it up , I can give it away , I can paint little circles on it , I can cover it with stickers etc . If someone else or a company attaches strings to it , dictates or decides what I can and cant do with it or to it then I dont own it , they do . People sell things for more than they paid for them all the time and people sell things for less than they paid for them all the time . The market decides what something is worth . The whole point of an auction is to hopefully get the highest price you can , bidding wars happen for all kinds of things all the time , things often go for more then they are actually worth simply because more than 1 person wants it badly enough to pay a higher price . If you buy a flag or a bible or anything else nothing stops you from burning them , cutting them into little pieces , pouring paint all over them or burying them in your garden because you bought them, you own them .
Flipping actually messed up the buying experience for a lot of products. There is a reason greed is a sin.
You’re complaining about a garbage truck being sold at retail for 500% what it’s actually worth. It’s not diabetes medication. It’s a huge metal paperweight. Who cares if people are scalping it?
David is a whole mood in this video
who’s david
Hummer EV has the same restrictions, GM has forbidden its resale for 6 months. If you try, the warranty won’t transfer over to the new seller
I'd like to see them try that shit in Europe. Tesla produce such ugly ass cars. They are like the cheap knock offs you see in open world games where the car kinda looks like a real world version but just more janky.
Well they did try the union busting thing in Germany and it did not go well 😂
I would assume consumer rights organisations would also have something to say about this case here .
@@annyjones7228How is this a consumer rights issue??? You can choose not to buy the car.
@@Razzanonymous It's a car that rusts when used like a car. In my country that is very much a consumer rights issue. Especially if they promote it as stainless steel.
i am so glad the velomobile company is not like car dealers. because on some models the waiting list is 1 year. but somtimes they have a bicycle that not get picked up and they sell it just for the normal price. but you dont get to choose the options but also dont have to wait a year. and the company buys back the bicycles if you dont want to sell it online. and sometimes you see people that buy a velomobile and say its not for me and you just can sell the bicycle and no hard feellings.
Porsche already has anti flip clauses with the rare models.
which always seemed funny to me, seeing how you have to right of second sale.........
this isn’t a rare model it’s just a tesla
@@dean._.0.0 it's just new, and I wouldn't drive one even if it was free
@@Nick-jf1il completely agree with you mate
@@dean._.0.0it’s currently very rare but it will become less rare
12:58 I'm sorry but if i'm buying a 100k plus vehicle with panel gaps that look like steps. 💀
So its okay for manufacturer to increase prices depending on supply and demand. But consumer can't?
Yup, corporate greed at its finance
Well you agree to their terms and conditions when you buy the truck
@@enadegheeghaghe6369That's true.
Unless the company did is best to hide it from you then it is your fault.
This wouldn't work if people didn't accept it.
It was an intelligence test; you failed it if you bought one. This is the opposite of green, and opposite of truck.
This sounds like a clause that wouldn't really be able to hold up in a court.
You have literally 0 clue about the law if you think a contract that you voluntarily sign wouldn’t be able to be held up in court.
The bodega argument doesn't play out in any place where there's a bodega on every corner, sometimes 2 to 5 on a block like in some places in NY.
I'm sorry, but with the lack of quality control, breakdowns, rust, delivery delays of years, and now "authoritarian control" by the company... Why would anyone buy one of these "migranes"??
Definitely an interesting situation, as someone who both hates anti-consumer practices that limit ownership rights and also hates middleman parasites who add absolutely no value while driving up prices. Not personally interested in a cybertruck either way, but definitely interesting.
Couldn’t agree more!
Dealers mark up way worse than flipping…. Telluride was like 10k over sticker at one point. Crazy
It's all freedom of speech, free markets, fair competition till the Tesla share price dips. Since when did it become okay to sell someone a product at 70,000 USD and dictate to them what to do with it. I guess America became soft. No one becomes the richest person on earth without loving money - A LOT.
Tesla doesn’t make any money if u sell it or not. Tesla wants to prevent the people who actually want to own the truck not over pay . They would sell the same amount of vehicles if someone buys it to flip the car to someone for more or if Tesla just sells to that person directly
If you agree to the terms and conditions of buying the truck then yes they can penalise you if you sell the truck
@@nick.100Then produce enough to sell to people that want to buy it.
@@Gambit771 they are trying to lol u can’t just magically produce millions of cars in the first year of production
He isn't the Wealthiest anymore ....
👍✊
As a reservation holder and a long time stock holder, I'm 2 Cybertrucks underwater on stock price that was supposed to pay for a Cybertruck. I expect I'm not alone.
Buy high and sell low my friend.
The market wins all the time.
The way I see it is, if the company is the one making the money, then it’s all good. If people make money, boooo bad.
The goal is the other way around. If a company sells something for $100, and in the first few seconds, people buy them all up for the purpose of reselling it for $600 each, then anyone who actually wants to own that thing, will need to pay $600. This allowes the end user, who wants the product, to be able to buy the product for $100. Tesla is not marking the product up. They are making sure no one does.
You can trust me on this or don’t i don’t care : I worked behind the curtains in a Ferrari Dealer and ofc they make all those little shenanigans on contracts but in the end money are king and everything would happening, change name on the contract keep the car in dealership name for best costumers and shit it was ridiculous.
So is flipping options in the stock market okay?
How is this different?
There are sometimes rules and regulations that stipulate how and when you are able to sell stocks based on when you bought or received them. Granted, that governmental regulation, and not basic contract law.
There are obviously SEC regulations on securities and taxes on gains. Same applies here. Tesla is adding to regulations on vehicle sales. That is my point. If you don’t like it, call your local or state govt and advocate for stiffer regulations on resale of cars.
I think you’d be hard pressed to get anywhere on that cause the used car market is being decimated by the lack of new car sales.
I can’t image this being a problem anymore.
The manufacturer has to buy it back in the first year if they want these clauses.
lol cyberjunk prices are dropping like a rock
Scalpers are annoying. Corporate encroachment into ownership rights is a public threat.
Dudes... There is ABSOLUTELY NO EXCUSE for not being able to do whatever you want with whatever you own.
This is like buying a house with an HOA and then complaining about the HOA
HOA's are the devil and often a mandatory evil, its not like you have a choice (especially in this market)
I’d be surprised if the tesla fanatics who bought the truck read the fine print. Most of what Tesla sells is the image of being hip to trendy tech. That image doesn’t appeal to the type of people who read contracts before signing them. They have too much money and not enough time to care.
@3:33 MKB makes $300,000 sound like someone spending a twenty
Some people in this stupid world actually live that life where 300k is just 30$ to them
The problem is not the selling, its the flipping...its that ine percent that ruins it for everyone.
When someone suddenly realizes he does not like the car and sells it (even though its used) for x2 or x3 of the price, something is wrong.
Some people literally just buy stuff to flip.
And porsche just increases the price to the flipping price...yes, it sucks,but if the sell it ror the normal price they would see it for double the price on ebay the next day
The distributor charges different prices to different customers. I used to fix car washes at gas stations, and the PEPSI distributor would charge about $4 (this was 20 years ago) for a 12 pack of cans, so the $4.79 the store charges left a very small profit margin for them. When the local grocery store would have sales where PEPSI cases were 4 for $8, the managers and owners would go over and buy as much as they were allowed from the grocery store since the price was lower than they could get from their distributor.
So they do in fact use standard distributors, and they do in fact buy items from grocery stores. They do both, because they actually have pretty slim margins and need to nickel and dime to turn a profit.
I could listen to this podcast if it’s just Marques.
In a fully free market, prices tend to soar when resellers buy up all the available stock. That's why there are often restrictions on the quantity of a single product that an individual can purchase.
This is true for naturally scarce items but in most cases, the scarcity is artificially created by companies to drive up the price. Examples sneakers, drugs, high end luxury cars. How come the Apple Watch or iPhone never run out of stock or have people flipping them for more, neither does a Toyota Camry.
@@Don-is2rldont have to look far, see diamonds and gold.
The state reports all vehicle sales to the manufacturers. They are legally required to so the manufacture can send out recall information.
We have bought cars that have been 10 years old and received recall information for them.
If you sell your 2008 impala and the recall for the key has not been completed the new owner will receive the recall card in the mail within a month or so.
If I paid for it- IT IS MINE!
To everyone thinking otherwise- well, you know what to do to yourself.
What’s the difference between owners flipping and Tesla using dynamic pricing? Both are a response to supply-demand disequilibrium.
More people are disenfranchised from the product if Tesla uses dynamic pricing. But i mean sure, if you’d really love the cyber truck to be sold at double its msrp, i’m sure tesla stock would stop falling.
Wow , What happened to the Land of Freedom? Funny , really funny😊
Owners are completely free to agree or not to agree to the terms of the sale. “Freedom” does not mean signing a contract and then just ignoring it.
Imagine buying something but not owning it to do what you want with it 🤯🤯
Hey, man, we’ve all been there. Sometimes it’s 2 AM, you just rode a fat rail of primo blow, and suddenly you just *gotta* have a new CyberTruck. So you head down to your favorite bodega and the guy says, “I’ll make you a special offer, my friend… CyberTruck for only $250,000 - but you also have to get the 24-roll pack of Scott toilet paper. It’s on the bottom shelf, near the cat food and the sewing kits… it’s the kind where each roll is 1000 sheets of TP as thick as flash paper. Very good deal, my friend!”
And *that*, kids, is why you shouldn’t do good coke at 2 AM.
right to repair is dead and now right to resell?
This has been happening with porsche gt cars where people flip for a profit. Porsche is also doing this now to keep the market under control. This is simply done to combat flipping.
I’m so done with scalping, so I’m fine with this. It’s only for a year. It curbs people buying something just to inflate its price.
Yeah also at least you can sell it back to Tesla first and it shouldn't depreciate too much based on the buyback amount. The other thing is that you can put a clause in a contract but doesn't mean it's enforceable(can be nulled in court). I'm curious how this would work in US/Canada.
Everyone is asking whether you can buy, sell, or resell a cybertruck and nobody’s asking whether you should.
Remember: It’s a *car* that *stains* with *water* . Imagine you’re on a date, and it starts raining outside. Your date thinks “oh glad we’re not outside”. You think “Oh no! My cybertruck! If I don’t get it out of the rain now it will stain!” before you are forced to excuse yourself and go either find indoor parking or take it home, where you obsessively wipe window cleaner on it, alone. Do you *really* want that to be you?
The contract should be unenforceable because of the First Sale Doctrine, right?
Coming from the real estate industry. It's almost like a deed restriction. Your house must be a minimum of 2500 sqft and have 30% brick or stone on this property.
What if you get cash and say you gave it away that’s not selling 😂😂
either ways, it minimizes the scalpers. One or two people that's okay. It's those that mass buy the stock before everyone else gets a chance and then turns around to start selling just like when the PS5 came out.
Then your name would still be on the title. Nobody would pay 100k for a car without the title.
@@mqb3gofjzkko7nzx38 they said you can’t sell it they didn’t say anything about giving it to some one
That video series about buying a GT3 that was referenced was by Mark Mcann
Soooo dealers can flip them for however much profit they want (BS fees) but actual owners have to pay Tesla a VIG???? Make it make sense to me.
Yea I hate Dealership Markup….
Why?
This sets such a bad precedent for corps controlling the user beyond the sale.
Used to work for Porsche so i would like to make a few points.
1. We treat all Porsche owners as VIPs.
2. There is a whole industry of wealthy asian uni students that come buy a car than at the beginning of semester. When classes are done, they ship them to China and sell then used for a profit.
My hot take is that dealerships have a place in the market. DTC is not easy and manufacturers want to focus on what they do well, which is build cars. Many DTC brands do not do customer service well, Tesla included. The point of a dealership is to handle the customer interactions required in the buying process, manage the financial aspects, provide servicing and customer service. Most of all, the dealerships manage the risk of unsold inventory. Manufacturers sell to order but the dealerships have to make the math work of how many of each model they need to stock, then deal with the stagnant inventory on their lots. All this is very capital intensive and the potential for loss is high.
And dealers provide a lot of promotion for the brand and people can testdrive cars there and can compare all modells from the lineup!A good salesman also will trie to sell you more then just the basemodell if he knows how to deal with diffrent customers,that is worth a lot for the carproducer!
Why would anyone have a problem with flipping, it's business, you get paid, I get paid, thank you very much
This is some CCP move by Tesla , I like it
100% CCP from Elon. Musk has a lot of weight on those granny shoulders.
The truck comes without features I paid for and is full of false advertisement, than I think selling it on my terms should be fine🤷
Want a cyber truck on the cheap, check wrecking yards, i might go take pictures of the one in the local place.
Marques is the only person in this video that halfway understands how the world works. It's amazing these others fools get their pants on everyday.
I have no problem with flippers. You always have the option of simply not buying it over MSRP. If you're willing to spend $300K on a Cybertruck, that's on you.
I’m with you on that. These are luxury toys. Nobody NEEDS a cyber truck. That being said I’m ok with cooperations selling things with agreements. These things are toys if you don’t like Tesla’s policy don’t buy their product
The issue is that scalpers will buy all the available stock, and no one will be able to purchase the product at MSRP.
I would love to see this fly in front of a judge in a court of law
Seriously? It’s not that crazy. It’s not like Tesla is retroactively forcing this on people who have already bought their vehicles. You have to sign the agreement in order to buy the car. If you want to buy their product, you have to agree to their rules. If you have a problem with it, then don’t buy it. Buying a cyber truck is 100% voluntary🤷♂️ plus they mentioned this is a pretty standard practice among all car manufacturers so it’s most definitely legal.
Your own car as a service, the way of the future
Isn’t flipping the purest form of capitalism? Let people pay what they want to pay. It only makes the cars and the brand more valuable, no? You can still just get in line and buy the regularly priced item when it’s your turn. Who is hurting here? These are nonessential items. Such a rich people problem…
So a company is taking steps to prevent scalping, but because it's Tesla people are crying about it.
That is an interesting way to look at it, but generally don’t like the idea of a private owner not being able to do what they want with their car. People were mad when dealers were scalping, less so when a person wins. I read this as everyone can win except the “little guy”
No, it's not because "it's tesla". It's because PRIVATE company practice of dictating of your property. you buy it, it's yours, no longer theirs. You can do whatever you want to your property. If they don't agree, they can refuse to service you, blacklist you or void warranty.
The best way to fight scalping is to make more of it. Don't make "limited edition" or other bs marketing. Just flood the market
Exactly, good job Tesla at preventing this parasitic behavior.
It's not really scalping if you can just wait for a little while to get it for cheaper
If you buy something, you should be allowed to do whatever you want with it because you own it. This has nothing to do with it being Tesla. If you buy something, you should own it without any control or interface from the manufacturer. You shouldn't need permission to sell a product you own
A dealer by my house is reselling a cyber truck for $155,999. They also were flipping 2 new hummer EV's right when they came out.
I love these free-marketeers, that ONLY believe in the free-market when it benefits themselves! If you buy a product and someone wants the one you have and are willing to pay more to you for it......isn't that exactly what they are doing too?
The fact that Tesla can find out that you resold their shitty car means that you don't have enough privacy.
Dealerships mark up the cars a lot while for example phones are often cheaper at random stores than the original manufacturer because they buy it for a lot less than MSRP and sell it for a little less than MSRP to get more customers.
Is this only for people who are making payments. Does the same apply for someone who owns the car outright?
Not allowing people to sell means they're not allowing people to change their minds, which is especially dodgy in a purchase made sight-unseen. We already know Tesla has bad QA; what if your car arrives with a scratch down the side, or you ordered expecting a normal steering wheel but are delivered a stupid yoke? This just means people have to deal with whatever crappy decisions Tesla made for them, putting _way_ too much power in the hands of the seller