Tesla's Model S Plaid Signature Edition has been listed on the U.S. used market for $259,995, or about 400 million won.

Foreign media outlets including electric vehicle-focused Electrek reported on Tuesday that the vehicle is one of what are effectively the last limited editions Tesla released ahead of ending Model S production.

The vehicle is registered at J&S Autohaus in New Jersey and has only 300 miles, or about 500 km, on the odometer. The asking price of $259,995 is more than $100,000 higher than the new-car price of $159,420 for the Model S Plaid Signature Edition. It effectively adds another premium on top of a model that was already about $50,000 more expensive than the standard Plaid.

The listing is hard to explain by rarity alone. Tesla produced only 250 Model S Signature Editions and 100 Model X Signature Editions. The vehicle features a Garnet Red exterior, gold trim and carbon-ceramic brakes, and includes free lifetime Supercharging and Full Self-Driving (FSD).

The issue is the resale terms. Tesla sold the cars only after sending invitations to buyers and required them to sign a no-resale agreement during the purchase process. The agreement grants Tesla a right of first refusal and allows it to seek injunctive relief or impose a penalty of at least $50,000 if the owner resells the vehicle. A buyer who violates the agreement could also be placed on a list that bars future Tesla purchases.

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

It is also unclear whether a new owner can keep the key benefits. Under the agreement, recommended maintenance, wheel and tire protection and the windshield protection plan automatically transfer when ownership changes. By contrast, FSD, free Supercharging and premium connectivity end upon transfer of ownership. As a result, the actual value of this listing could depend more on whether the benefits are maintained than on the car itself. Tesla has previously blocked transfers of unlimited Supercharging rights, making it hard to rule out enforcement again. Still, it is not yet clear whether it will enforce the clause or the $50,000 penalty.

The gap between rarity and price is also notable. The vehicle carries symbolism as the final limited edition of the Model S, but the 2012 Model S Signature Edition currently trades on the used market for less than $20,000. Given prices for the early Signature Edition, it is uncertain how well the price of this listing will hold up.

Tesla has already removed the Model S production line and said it plans to produce humanoid robots in that building. Against that backdrop, the listing is drawing attention both as a rarity trade around the last Model S units and as an example of how strongly Tesla can control software and charging benefits even after selling a vehicle.