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.

    • RegalPotoo@lemmy.world
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      10 hours ago

      Theoretically the contents of these lots would be insured, so if there was a sudden unexpected fire that happened to destroy all the cars Tesla gets a cash payout, unlike if they just sit there where Tesla has to take the cashflow hit of having paid to build cars that noone will buy