Summary
Tesla is struggling to sell its Cybertruck, even after applying discounts of up to $6,000. Inventories are piling up in the U.S. and Canada, with demand falling short of expectations.
The 2025 model qualifies for a $7,500 tax credit, but the 2024 model—still in stock—does not. There are also concerns that the tax credit may soon be eliminated.
Tesla’s goal of producing 250,000 Cybertrucks annually seems unrealistic, and analysts suggest a cheaper single-motor version may be needed to stimulate demand.
The Cybertruck’s hype appears to be fading.
What hype? The only things it was known for since day one was being horrendously ugly, bad design, bad build, stupidly unsafe… Need to go on?
The thing is more flammable than a Ford Pinto which is the only impressive fact about it.
What hype?