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

cross-posted from: https://lemmy.world/post/28362775

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.

    • hddsx@lemmy.ca
      2·
      7 days ago

      Doubt. Musk is rich enough and stubborn enough to just fund it himself

      • mojofrododojo@lemmy.worldEnglish
        11·
        3 days ago

        at some point the production capacity will exceed their ability to store them. this has already been illustrated repeatedly.

        he can keep funding them but to what end - an army of cybertrucks to overturn the country? bwahaha… they couldn’t get a few miles down the road before breaking down.