The Tesla Cybertruck is in crisis. The automaker is still sitting on a ton of old inventory, which it is...

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.

  • talEnglish
    2·
    4 days ago

    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.

    I wonder if Tesla could take the existing Cybertrucks and rebuild them into something else that would see more demand. I mean, plenty of auto companies have models that share a basic platform.