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.
He predicted that he would sell a quarter-million of those $80,000 shipping containers on wheels a year?
Unfair comparison. Shipping containers are actually useful.
And generally well designed and well made, to exacting standards.
And they float!
You can turn a shipping container into a poorly insulated house, which my hope for cybertruck owners too
Depends on how you define “predicted”.
If you meant “made the most logical guess using all available data” then no, he didn’t do that.
But if you meant “pulled an impossible sales number out of a ketamine-laced shit from his lumpy asshole that wildly overestimated how popular he and his ‘truck’ are” then I’d say you’re correct!
They’re also hiding them (my opinion) off of their main lot so people don’t see how many are sitting around. The dealership near me has a couple on the lot but down the road, across the street on a hidden side road I saw over a dozen of them sitting in a fenced in lot gathering pollen last week.
What a disaster.
In normal companies, the CEO would be fired.
Unfortunately, the ‘firing’ is usually a golden handshake and jumping straight into heading another company to run that into the ground too. After multiple rounds of layoffs of course.
valued at over $200 million
Bet they aren’t.
Expect more CTs to catch fire in their lots, as they blame other people for arson.
TBH, this would not surprise me at all.
Toastla
Yeah, good luck with that.
I mean I didn’t like the truck when it was first introduced, much less now that I know it’s being built by a company lead by a Neo-Nazi.
Oh no … anyway.
hope they throttle the production by adding the quality control step
it was a piece of junk when it first showed up in the news as a concept, 5years before it was released and its a junk now.
25k of EV pickups is A LOT by comparison to others.
It’s a stupid truck but also the target demographic doesn’t really exist.
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.
I am really looking forward to all the Teslas being stripped down for ev conversions and restomods.
So much of the design is proprietary nonsense, it makes me wonder how much of the trucks can be reused for something people actually want.
Sure, but there are lots of components that people can use. Tesla electric water pumps are used for IC engine cooling even though teslas don’t have combustion. power steering components for upgrades, motors for drivelines, mechanical linkages for steering and suspension. We can definitely use these items in a way the designers never intended.
Agreed. A lot of the EV conversion companies use Tesla parts.
And they put them together with acceptable tolerances it’s wild
Too be fair many EV conversions are bespoke works of art. Price is not a major concern for the owner.
They were overpriced garbage anyhow. BYD is outputting EV’s that are ten times better at a fraction of the cost. The only reason they aren’t being sold here is a bunch of protectionist bullshit that even democrats are responsible for.
It’s only misplaced faith by a bunch of techbro traders that’s even keeping the TSLA stock aloft. Tesla management literally dumps every certificate of stock they get as bonus the second they receive it.
Is it a crisis when it’s been that way from before the beginning.
Shareholder lawsuits before the end of the year, I’m betting.
I honestly assumed they weren’t making any more of those shit boxes already.
