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Tesla pulls out all the stops as Cybertruck sales grind to a halt (www.arenaev.com)

submitted 1 day ago* (last edited 1 day ago) by [email protected] to c/[email protected]

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Tesla Cybertruck appears to be facing significant sales challenges. After initial hype faded, and over a million reservations turned out to be as real as unicorns, Tesla is now enabling leasing options and free upgrades to move its inventory of the futuristic pickup truck. The company's recent silence on the Cybertruck, even omitting it from their earnings call, speaks volumes about the situation.

Tesla initially projected sales of 500,000 Cybertrucks annually and established production capacity at the Giga Texas for 250,000 units per year. After working through the initial reservation backlog with fewer than 40,000 deliveries, the automaker is now struggling to sell the remaining vehicles.

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[–] ininewcrow 53 points 1 day ago* (last edited 1 day ago) (1 children)

I just had a talk with a friend of mine in southern Ontario who lives in a farming rural area. He likes cars and often does searches for used vehicles in his area. In a 200km area around Brantford, there are over 200 used Teslas on sale down there over the past month or two because people are dumping them because they don't like the brand.

[–] [email protected] 3 points 8 hours ago* (last edited 8 hours ago)

The well moneyed sort who buy Teslas also like to change cars more often than the rest of us. Some of them are going to even more expensive brands like Rivian, and there’s a huge array of less expensive, more practical options.

Here’s how I personally see the brand transformation. I don’t believe these people are so principled that they are dumping these cars in protest. It’s more that the appeal that used to be there: of being part of the future, of moving off gas and embracing clean tech to help save the world… that little halo just isn’t part of the brand anymore. I see Teslas all the time where I live with license plates like “BYE CO2” and “LOL GAS.” But no one is going to hop on board that Tesla hype train any longer. They are no longer novel, they no longer virtue-signal and yes have actually become a bit icky. But I think we’re just seeing the end of the mirage, not really any kind affirmative lashback.