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5:47Now PlayingElon Musk goes into full panic mode over Tesla's decline from his design as new data reveals his Cybertruck sales are so bad that he is getting his other companies, including SpaceX and xAI, to purchase their inventory to boost his public numbers. John Iadarola and Sharon Reed break it down on The Damage Report. Leave a comment with your thoughts below!
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Elon Musk Is Making Cybertruck Sales Look Better by Selling a Huge Number to Himself
"In 2023, Tesla CEO Elon Musk promised that his EV maker’s upcoming Cybertruck would sell like hotcakes, delivering between 250,000 and 500,000 units per year once the company hit its stride.
But over two years later, Tesla hasn’t even gotten close, in yet another instance of Musk vastly overpromising while severely underdelivering. In reality, the carmaker’s pickup truck has flopped hard, not even selling 20,000 units this year.
And the real picture could look even worse without some creative insider efforts to hide the company’s abysmal Cybertruck sales: Musk has started selling unsold Cybertruck inventory to his own companies, as Electrek reports; SpaceX has taken delivery of hundreds of the trucks and is expected to receive thousands more. Carriers were also seen delivering trucks to Musk’s AI startup xAI’s offices."
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