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.
I’m sure all the hardworking engineers, assemblers, office workers, sales people, materials, programmers, hardware, research people are super ecstatic about having their CEO turn their brand new product from an awesome big ass piece of shit electric washed environment destruction truck into a product nobody wants.
Like probably you’ll see one of my fellow citizens running around town with a bunch of lawn mowers and leaf blowers in one of these pretty soon. How much did you pay for that shit man? Oh I got it cheap on Craigslist for $3K!