Tesla Owner Lists Model S Signature Edition for Over $260,000 Despite No-Resale Clause

A highly exclusive and limited-run variant of the Tesla Model S Plaid has been listed for sale by a private owner in New Jersey. The vehicle, one of only 250 units produced as part of the Model S Signature Edition, is being sold through J&S Autohaus with an asking price of $260,490. This is significantly higher than the original retail price of $159,420 that Tesla charged earlier this year for the same model.

The Model S Signature Edition was a farewell variant of the Model S Plaid produced to mark the end of production of both the Model S and Model X flagship vehicles. It features top-tier performance combined with bespoke cosmetic and luxury upgrades, including the Luxe Package. The vehicle’s unique exterior design includes exclusive Garnet Red paint, gold Tesla ‘T’ badges upfront, and gold Plaid and Signature badging at the rear.

The interior of the Model S Signature Edition is equally impressive, featuring white Alcantara upholstery with gold piping/accents, gold Plaid seat badges, and a custom Signature key fob. The vehicle also boasts carbon-ceramic brakes with gold calipers, as well as four years of Premium Connectivity and free lifetime Supercharging through Tesla’s Luxe Package.

Tesla owners who purchase the Model S or Model X are subject to a no-resale clause that prohibits reselling for the first year. However, it remains to be seen whether Tesla will take action against the seller in this case. The company has stated that if ownership is transferred within the first year, the Full Self-Driving (Supervised) feature and other benefits will terminate.

The Model S Signature Edition was a highly exclusive offering, with limited invite-only sales available to select customers. It serves as a collector’s item celebrating the legacy of the Model S, which has been instrumental in Tesla’s electric vehicle success since its launch in 2012. The vehicle’s unique features and high price point make it an attractive option for collectors and enthusiasts.

Tesla has introduced a No Resale Agreement for the Signature Editions of the Model S and Model X, which would penalize the seller for ‘the amount of $50,000 or the value received as consideration for the sale or transfer, whichever is greater.’ This agreement aims to prevent unauthorized resale and maintain control over the vehicle’s ownership.

The company continues: ‘If you sell or otherwise transfer the ownership of your Model S or Model X, the remainder of the Recommended Maintenance, Wheel and Tire Protection Plan, and Windshield Protection Plan will transfer automatically to the buyer. The Full Self-Driving (Supervised), Free Supercharging and Premium Connectivity will not transfer with the vehicle and will terminate once the ownership of the Model S or Model X is transferred.’