Tesla Hits Bulk Buyers With Demand for Damages if Cars are Resold Within a Year

Tesla Inc. is making some Chinese buyers sign a written guarantee that they will not resell their cars within 12 months, in an apparent effort to curb after-market speculation.

People who want to buy cars in bulk need to sign a letter of commitment that stipulates they must pay the firm liquidated damages of 20% of the order value if they resell the cars within a year of receiving them, Tesla told Caixin.