Is there a one-year ban on Tesla Cybertruck resale?

It was sunny day, Thomas reached at California Car Wash, disembarked after handing it over Tesla model S to helpers, went inside sitting area to relax, turned on public wifi, browsed Google news. Suddenly he got WhatsApp message from his wife asking to buy Black+Decker 4-slice toaster oven, York dark chocolate peppermint patties and Amazon basics gentle & mild clear liquid hand soap refill before coming to home. Next to him, he saw sitting handsome teenage boy clad in Hanes EcoSmart hoodie was playing royal match in his Google Pixel 7-5G Android phone. When alert message heard from Gmail, Thomas opened mailbox, and started reading the tech news and headline was Is there a one-year ban on Tesla Cybertruck resale

The terms of sale for the Cybertruck electric pickup truck were released by the firm shortly before it was released. The document made one intriguing discovery.

The owner will be subject to a large fine if he sells the car on the secondary market, even if he doesn't like it. On the other hand, the vehicle may be returned to the business if needed, however there are restrictions.

The source claims that for the first year following purchase, original Cybertruck owners will not be allowed to resell their cars. If this contract provision is broken, the buyer faces a $50,000 fee and an injunction that stops the ownership transfer.

Furthermore, the business can decline to sell the "offender" any more branded vehicles in the future.

In the event that a consumer presents a strong case for selling their Cybertruck, the manufacturer might consent to repurchase the vehicle for the initial price less "$0.25 per mile, reasonable wear and tear and repair costs."

In addition, if the automaker decides for whatever reason not to purchase an electric vehicle, it may theoretically permit transfer to a third party.

The Cybertruck's price has not yet been disclosed. Industry analysts predict that the car will initially cost significantly more than what Tesla spokespeople previously stated it would, at $39,900.

When finished reading tech news, Thomas shared it on X (formerly twitter).