Summary
The Tesla Cybertruck is in crisis. The automaker is still sitting on a ton of old inventory, which it is now heavily discounting, and it is throttling down production.
Tesla is expected to currently be selling the Cybertruck at a rate of about 25,000 units a year – a tenth of what Musk predicted.
Tesla began the second quarter with 2,400 Cybertrucks in inventory, valued at over $200 million. Tesla is now offering deeper discounts on the new inventory of Cybertrucks.
The automaker has reduced its Cybertruck production teams and now operates at a fraction of its original capacity.
I seriously wonder who these 25k a month even are? How are they selling even a hundred a month?
These numbers coming from Tesla have never been actual sales but “deliveries”, which can occur multiple times per sale and also can occur without a sale. They only publicize “deliveries” instead of actual sales data because bigger number.
However, we do know numbers based on CT recalls.