Overview

• Tesla has updated its terms and conditions to prohibit the resale of its Cybertruck within the first year of ownership without the company's permission.
• Customers who breach this clause could face a lawsuit of $50,000 or the value received from the sale, whichever is greater.
• Tesla may also refuse to sell any future vehicles to customers who violate this provision.
• The company has the first right of refusal to buy back the Cybertruck at a discounted price before it can be sold to a third party.
• The Cybertruck, Tesla's long-awaited electric pickup truck, is slated to begin delivery on November 30th.