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<ul><li>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.</li><li>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.</li><li>Whether such a guarantee is enforceable is another matter. A consumer lawyer who asked not to be named told Caixin that Tesla would have little chance of holding buyers to such rules under Chinese consumer law, which allows people to freely dispose of the goods they purchase.</li></ul>

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.Whether such a guarantee is enforceable is another matter. A consumer lawyer who asked not to be named told Caixin that Tesla would have little chance of holding buyers to such rules under Chinese consumer law, which allows people to freely dispose of the goods they purchase.

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