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.

  • Veedem@lemmy.world
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    4 days ago

    I mean Musk has done a wonderful job of BEING the brand and then tanking the brand. It’s a publicly traded company and his actions do not appear to be beneficial to the company. I wonder how much stock holder value gets eroded before share holders revolt.

    Edit: They’re starting to complain it seems

    https://lemmy.world/post/26159620

    • RegalPotoo@lemmy.world
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      4 days 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

  • motor_spirit@lemmy.world
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    4 days ago

    good, you couldn’t pay me to drive one of these monstrosities that scream “my personality is the color Florida”

    • luciferofastora@feddit.org
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      4 days ago

      I went back to find this post just to tell you that “my personality is the color Florida” has me cackling for several minutes now. I hope your day is as great as your jokes.

  • alykanas@slrpnk.net
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    4 days ago

    There have been other whacky vehicles that were rubbish, but they were often the projects of passionate amateurs, whereas this car built was by slaves.

    The people building it thought was stupid, didn’t want to do it. The engineers saw it as a burden and found no joy making it work .

    You can just tell .

  • TrueStoryBob@lemmy.world
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    4 days ago

    It’s similar to the problem AMC had with the Pacer… revolutionary automotive design and in the first year it did amazing! Then, in the next two to three years, demand dropped like a rock. Seemed as though everyone that wanted a car which looked like really nothing else on the road had already bought one in the first year.

    • Tinidril@midwest.social
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      4 days ago

      Except that, while it was certainly a radical departure from the norm, it was hardly a revolutionary design, and first year sales were terrible. Once the handful of Elon fans with too much money on their hands got their pre-orders, sales were abysmal.

  • acchariya@lemmy.world
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    4 days ago

    I drove one at an ev drive event, and I actually thought it drove interestingly. It was different from other vehicles and I didn’t mind driving it.

    On the other hand, the panels that make it up look like something I made in my garage with some stainless plate and a plasma cutter. It looked very “kit car” when you got up close to it. I can appreciate a hobbyist welding plate together to make things but one would assume Tesla should have at least a waterjet cutter to produce clean edges.

    Also, it is irresponsible to fund Elon musk.

      • blakenong@lemmings.world
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        2 days ago

        He’s already ripping them out of government buildings. An absolute obvious waste of money and time since they are already installed and functional.

        Before 2025, I’d agree with you. But it’s tits to the wind these days, and politicians on both sides are bowing to Trump.