Honda Leadership Crisis Deepens as Retired Executives Challenge CEO Toshihiro Mibe’s Strategy 
OpenAI Files Confidential IPO Draft as AI Giants Race Toward Public Markets 
J.P. Morgan Sees Major Upside for Prysmian as Optical Fiber Prices Surge 
Intesa Sanpaolo Launches €30.6 Billion Bid for Monte dei Paschi to Drive Italian Banking Consolidation 
Qualcomm Stock Gains After Jensen Huang Endorsement 
EngineAI Files for Hong Kong IPO Amid Rising Demand for AI and Robotics Stocks 
Oracle Stock Falls Despite Earnings Beat as Company Plans $40 Billion Financing for FY2027 
oOh!media Takeover Battle Intensifies as Bain Capital Joins Competing Bids 
Meta Partners With Reliance to Launch First AI-Powered Data Center in India 
Asics Considers Onitsuka Tiger Spinoff as Luxury Sneaker Brand Expands Globally 
BHP Port Hedland Workers Back Strike Action Amid Pay Dispute 
Coupang Hit With Record $409 Million Fine Over Data Breach Affecting 33 Million Users 
Frasers Group Launches €2 Billion Hugo Boss Takeover Offer Amid Control Speculation 
Hanmi Semicon Shares Surge After $33 Million SpaceX Investment 
GSK Reportedly Nears $9 Billion Acquisition of Cancer Drug Developer Nuvalent 
Apple Unveils Enhanced Apple Intelligence and Next-Generation Siri at WWDC 2026 
SpaceX IPO Sets Record With $75 Billion Raise, Valuation Hits $1.77 Trillion 
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
