"Tesla has introduced a strict 'No Resale Agreement' for its ultra-limited Signature Edition Model S and Model X Plaid vehicles, signaling the automaker's determination to keep these final flagship models in the hands of genuine enthusiasts rather than speculators."
"Purchasers promise they 'will not sell or otherwise attempt to sell the vehicle within the first year following your vehicle's delivery date.' Violators face steep consequences: Tesla can pursue liquidated damages equal to $50,000 or the full amount received from any sale or transfer, whichever is greater."
Tesla is producing only 250 units of the Model S and X Signature Editions, priced at $159,420 each. Buyers must sign a No Resale Agreement, prohibiting resale for one year. This clause aims to prevent speculation and ensure that these vehicles remain with true enthusiasts. Violators face penalties, including liquidated damages of $50,000 or the total sale amount. Orders are account-specific, adding complexity to the purchasing process.
Read at TESLARATI
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