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.

  • Concave1142@lemmy.world
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    3 days ago

    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.