- cross-posted to:
- Cyberstuck@lemmy.ca
- cross-posted to:
- Cyberstuck@lemmy.ca
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.
They were overpriced garbage anyhow. BYD is outputting EV’s that are ten times better at a fraction of the cost. The only reason they aren’t being sold here is a bunch of protectionist bullshit that even democrats are responsible for.
It’s only misplaced faith by a bunch of techbro traders that’s even keeping the TSLA stock aloft. Tesla management literally dumps every certificate of stock they get as bonus the second they receive it.