Tesla's Strict Policy: No Reselling Cybertrucks in First Year or Face $50K Lawsuit

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Source: Business Insider
Tesla's Strict Policy: No Reselling Cybertrucks in First Year or Face $50K Lawsuit
Photo: Business Insider
TL;DR Summary

Tesla has included a clause in the terms and conditions for its Cybertruck stating that owners are prohibited from reselling their vehicles within the first year of ownership. Violating this clause could result in Tesla seeking injunctive relief or demanding liquidated damages of $50,000 or the value received for the sale. However, Tesla may consider buying back the vehicle at the original price if the owner has a valid reason for selling. The Cybertruck, Tesla's highly anticipated electric pickup truck, is set to be released in November and is expected to disrupt the market.

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