Golden Dome Missile Defense: Anduril and Palantir Join Forces on Trump's $185B Space Shield 
SLMG Beverages Eyes Price Hikes Amid Rising Packaging Costs and India's Booming Soft Drink Market 
NAB Plans to Cut 170 Jobs While Expanding Offshore Operations 
Innate Pharma Reports 55% Revenue Drop and €49.2M Net Loss for 2025 
SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion 
CK Hutchison's Panama Ports Dispute Escalates as Arbitration Claims Surpass $2 Billion 
Nintendo Switch 2 Production Cut as Holiday Sales Miss Targets 
Citi Names Eric Farina and Rob Cascarino to Lead Global Infrastructure Financing Group 
Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round 
AWS Bahrain Region Disrupted by Drone Activity Amid Middle East Conflict 
Explosion and Fire Erupt at Valero Oil Refinery in Port Arthur, Texas 
Berkshire Hathaway and Tokio Marine Form Major Strategic Insurance Partnership 
9 Tips for Avoiding Tax Season Cyber Scams 
Lynas Rare Earths Signs Vietnam Deal with LS Eco Energy to Boost Magnet Metal Production 
Merck's $6 Billion Bid for Terns Pharma Signals Bold Oncology Push 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
Sonova Shares Slip as Hearing Aid Giant Lowers Growth Outlook and Plans Sennheiser Exit 
Tesla Inc. is set to deliver the first model of its Cybertruck to customers this month and before the release, the company issued a warning. Elon Musk’s electric vehicle manufacturing company said it will sue buyers for $50,000 if they try to resell the truck within the first year of purchase.
What the Contract Says
This demand is said to be included in Tesla's terms and conditions for customers. The company added the stipulation under a new section called "For Cybertruck Only" in its Motor Vehicle Order Agreement contract, as per Business Insider.
"You agree that you will not sell or otherwise attempt to sell the Vehicle within the first year following your Vehicle's delivery date," the added rule for Tesla’s Cybertruck reads. "Tesla may seek injunctive relief to prevent the transfer of title of the Vehicle or demand liquidated damages from you in the amount of $50,000 or the value received as consideration for the sale or transfer, whichever is greater.”
Aside from the monetary damages, Tesla said that in the future, it will no longer sell any vehicles to customers who will resell.
Exception from the New Rule
Tesla indicated that it may allow the reselling of the Cybertruck provided that the customer has a good reason for it. Then again, it will be a buyback deal where the company will buy it from the customers at the original price.
However, for every mile driven, Tesla will subtract $0.25 per mile from the amount. If there are signs of wear and tear, the cost of repairs based on the company’s Used Vehicle Cosmetic and Mechanical Standards, will also be deducted from the buyback price. In case Tesla is not interested in buying the Cybertruck, the company may agree for the owner to sell it to others.
Meanwhile, as mentioned on Mashable Southeast Asia, Tesla added a new rule to make sure that its Cybertruck models will only belong to those who originally purchased them. If one wants to resell, they clearly have to wait for a year before they can do so.
Photo by: Alexander Shatov/Unsplash
