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.
The cybertruck didn’t have hype, it was a meme car. And Elon was always too stupid to understand that memes remain popular for a very short amount of time before attention moves on.
A lot of people were fool enough to put money down for it. Preorders were massive, something like a million, and they were projecting a waiting list of years. But when it showed up for double the price, half the range, badly reviewed, widely ridiculed and a raft of extremely serious issues those preorders just evaporated. It went from a waiting list of years, to no list at all.
Since the article mentions Canada I can only assume issues trying to sell this wankpanzer have only gotten worse since Musk went full Nazi. Imagine being a Canadian and buying any Tesla let alone this one. Countries where this thing is legal should be seriously looking at their vehicle safety laws.
People also don’t usually dump a bunch of money on a meme.
NFTs have entered the chat…
I think you mean smart people don’t dump a bunch of money on a meme.