Production of the Tesla Model S and Model X is ending with 350 Signature Edition cars. Each one gets a ton of perks and a premium price tag. On top of that, buyers have to agree not to sell for at least one year from delivery. Tesla has tried and failed to enforce this type of thing before. This time, it might have figured out the right levers to pull.

Buyers of the last-ever Signature Edition versions of the Model S Plaid and Model X Plaid will reportedly have to sign a strict no-resale agreement before taking delivery. According to the order documents spotted by Not A Tesla App, owners agree not to sell or even attempt to sell the vehicle within the first year after delivery. Breaking the agreement evidently makes owners subject to liquidated damages of $50,000 or however much profit they make, whichever is greater.

More: You’d Have To Be High To Pay $159,420 For Tesla’s Signature Editions

The move is clearly aimed at keeping speculators from immediately flipping the final 350 Signature Editions for huge profits. Tesla is only building 250 examples of the Model S and 100 of the Model X, each finished in exclusive Garnet Red paint with gold badging and unique trim. Tesla tried this with the Cybertruck and the entire scheme fell apart, aside from the brand allegedly blacklisting some customers.

The policy was met with immediate backlash. Owners argued Tesla was trying to control something they had already paid for, while others simply ignored the clause and listed their trucks anyway. Within months, Tesla quietly dropped the restriction as Cybertruck supply increased and the market cooled. This time around, there are some key differences.

Signature Edition Model S/X orders contain a No Resale Agreement.

Here is the document.

Additionally, here is the resale clause which states the Luxe Package does not transfer (this is not new) pic.twitter.com/CGB5QBJIL6

— The Cybertruck Guy (@cybrtrkguy) April 12, 2026

The new agreement is cleaner and potentially easier to enforce. Unlike the Cybertruck contract, which relied on vague “unforeseen reason” language, the Signature Edition version flatly says owners cannot “sell or otherwise attempt to sell” the car within a year.

Tesla also has a stronger case because these are truly limited: just 350 cars total, versus thousands of Cybertrucks. Most importantly, Tesla made the biggest perks like FSD, free Supercharging, and Premium Connectivity non-transferable. That means even after a year, the car is worth less to a second owner, reducing the incentive to flip it in the first place. Will that stop every buyer from selling within 12 months? We doubt it.

NEWS: Tesla has announced a Signature Edition Model S and Model X as a final goodbye for these two vehicles.

• Price: $159,420
• Only 250 Model S & 100 Model X Signature Editions will be built. All Plaid variants.
• Garnet Red exterior paint
• Matching Garnet Red Door… https://t.co/3FYGlbKEa2 pic.twitter.com/VA8NZN8Mht

— Sawyer Merritt (@SawyerMerritt) April 11, 2026

Tesla is preparing to phase out the two EVs that defined its early success, but not without giving them one last push into the spotlight. Just days after reports emerged that remaining Model S and Model X inventory had been hit with $15,000 price hikes, there is a new sting for anyone who paid up. Both models are being sent off with a final, tightly capped Signature Edition, reserved for a small group of buyers who received email invites.

The Model S sedan and Model X SUV have been around since 2012 and 2015, respectively. After a final update in mid-2025, Tesla confirmed in January 2026 that both would leave production later this year, clearing space at the Fremont plant in California for humanoid robot assembly.

More: Tesla’s Replacing Half Its Lineup With Something That Doesn’t Even Have Wheels

While Tesla has not formally announced the send-off, the news surfaced on X through Ryan McCaffrey, host of the Ride the Lightning podcast. Invitations have already gone out, with a private launch event reportedly set for May.

Tesla will build 250 units of the Model S and just 100 units of the Model X Signature Editions. Both are priced at $159,420. Yes, the last three digits are a wink to Musk’s well-known favorite number, a reference rooted in cannabis culture. And yes, it is a ridiculously steep jump, with premiums of $59,430 for the sedan and $54,430 for the SUV over the standard Plaid versions. For what is essentially a farewell package, that is serious money, even by Tesla standards.

Signature Edition Visual Identity

Both models wear an exclusive Garnet Red finish, inspired by the original Model S launch color. It is paired with gold emblems, giving the cars a celebratory tone. Inside, there is a white Alcantara interior, a yoke steering wheel, and Signature branding throughout.

The Model S sits on 21-inch Velarium wheels with gold brake calipers over carbon ceramic brakes. The Model X gets 22-inch Machina wheels.

More: Tesla’s FSD Was Branded Controversial, But Dutch Safety Regulators Called It The Safest System In The Test

Tesla has also added a numbered plate on the dashboard, special key fobs, and Plaid puddle lights. Finally, the EVs come standard with a Luxe Package including free lifetime access to Tesla Superchargers and the Full Self-Driving (FSD) system.

Underneath, nothing changes mechanically. Both cars retain the tri-motor Plaid setup, delivering 1,020 hp (760 kW / 1,034 PS) and 1,420 Nm (1,047 lb-ft) of torque. Still absurdly quick, still more than enough, if you can stomach that $60K pill.

Screenshots: Tesla via Teslarati

Tesla’s global sales edged up in the first quarter of 2026, but that did little to calm investors. Despite the increase, the company’s production and delivery figures sent shares down more than 5 percent on Thursday, marking their sharpest drop of the year. The stock is now down about 20 percent in 2026.

Read: Tesla’s Sales Collapsed By Nearly 90% In The Land Of EVs

In total, Tesla sold 358,023 vehicles worldwide in Q1 2026. That marks a 6 percent increase over the same quarter last year, when it delivered 336,681 vehicles. The bigger contrast comes against the previous quarter. Deliveries are down 14.3 percent from the 418,227 vehicles handed over in Q4 2025.

US Sales Range Estimates

The company has not released a detailed breakdown for the US, but estimates from Autonews and Cox Automotive put first-quarter deliveries somewhere between 110,000 and 122,196 units. That range points to a decline of roughly 4.6 percent to 15 percent in its home market, depending on where the final number lands.

According to Morningstar analyst Seth Goldstein, there are two key reasons to explain why sales fell.

“Tesla’s first-quarter deliveries reflect the U.S. tax credit expiration as well as FSD ​not yet being approved in the EU,” he told Reuters. “These factors will likely continue to weigh on deliveries until Tesla gets EU approval and until we enter the fourth quarter in the U.S.”

As deliveries softened compared to the previous quarter, the gap between vehicles produced and sold widened to its largest level in four years. Tesla ended the quarter with 408,386 vehicles built, leaving a surplus of 50,363 units in inventory.

Data cited by Business Insider shows this is the largest gap between production and deliveries the company has recorded. That stands out for a business that has typically kept supply and demand closely aligned. The closest comparison comes from the same period in 2024, when production exceeded deliveries by around 46,500 vehicles.

Lower Than Analyst Expectations

The carmaker began to temper expectations for the first quarter last week, publishing a delivery consensus based on estimates from more than a dozen analysts. This suggests Tesla would end the quarter with 365,645 deliveries, but it fell short of that. Separate estimates from StreetAccount had projected around 370,000 deliveries.

The analysts also predicted Tesla would deploy 14.4 GWh worth of energy storage, but it actually delivered just 8.8 GWh of energy storage products. That figure is also down from 10.4 GWh in Q1 2025 and 14.2 GWh in Q4 2025.

As we’ve come to expect, the Model 3 and Model Y account for the bulk of the company’s sales, with 341,893 finding new homes. The remaining 16,130 vehicles delivered included a mix of the Cybertruck, Semi and the now-discontinued Model S and Model X.

The NHTSA has intensified its scrutiny of Tesla’s Full-Self Driving system, focusing on how it copes when visibility drops. That escalation pushes the probe closer to a potential recall, one that could affect more than 3.2 million vehicles across the United States.

The agency first opened a preliminary evaluation in October 2024 to assess FSD’s ability to detect and respond appropriately in reduced roadway visibility. That probe has now been upgraded to an engineering analysis, which will examine how the vision-only system behaves in adverse conditions and whether it can alert drivers with enough time to react.

Read: Tesla Owners Furious After FSD Transfer Rules Change Again

According to regulators, Tesla developed and implemented a degradation detection system after transitioning to its camera-based vision setup in mid-2021, abandoning radar and other sensors. The company began working on an update to this system in June 2024, following a report of a fatal crash involving one of its vehicles on November 28, 2023

Rain Is FSD’s Enemy

In its preliminary evaluation, the NHTSA began piecing together how Tesla’s Full Self-Driving system behaves in less-than-ideal conditions. The agency learned from Tesla that FSD’s ability to detect and respond to poor road conditions may have contributed to 3 of the 9 incidents identified by the Office of Defects Investigation (ODI).

In the crashes reviewed, the system failed to recognize common roadway conditions that affected camera visibility and did not issue alerts when camera performance degraded until just before impact.

A subsequent review of Tesla’s responses uncovered other crashes that occurred under similar circumstances. In these cases, the FSD system also lost track or “never detected a lead vehicle in its path.” The NHTSA also notes that Tesla says internal data and labeling limitations have prevented a uniform identification and analysis of crash events with the system engaged, meaning there is a possibility of under-reporting crashes.

The probe covers an estimated 3,203,754 Tesla vehicles, including the 2016-2026 Model S and X, 2017-2026 Model 3, 2020-2026 Model Y, and 2023-2026 Cybertruck models equipped with FSD.