The Tesla Cybertruck is losing traction fast as unsold units continue to pile up.
Now roughly 18 months into production, the EV maker is sitting on an estimated $200 million worth of unsold Cybertruck inventory in the U.S., or roughly 2,400 units, per a report from electrek. The sluggish sales performance follows a series of high-profile recalls and technical issues as broader Tesla sales continue to drop.
Tesla previously explained away low Cybertruck sales as limited by production and high initial prices, factors which are no longer applicable. Just last month, Tesla Cybertruck deliveries were paused to address an issue with a trim piece that could detach while driving. While the issue was resolved for newly assembled vehicles as of March 21st, existing units still require a fix before delivery. Last year, Tesla issued a separate safety recall to address a stuck throttle pedal.
Tesla is now refusing to take Cybertruck units as trade-ins, and some customers have been forced to go through Lemon Law statutes after the automaker refused to take back vehicles sitting in service for an extended period of time. Simultaneously, resale values are cratering, with used Cybertruck prices dropping 55 percent year-over-year, including a 13-percent drop over the past three months and 6-percent drop in the last 30 days alone.
Many used car retailers are steering clear of the Cybertruck entirely, citing extreme depreciation and market instability. Looking ahead, Tesla is expected to introduce price cuts, especially for its Foundation Series Cybertrucks. A more affordable rear-wheel-drive (RWD) model is reportedly on the way, which could attract a broader customer base, but will likely undercut prices even further.
Meanwhile, sales for GM’s rival models, including the Chevy Silverado EV, GMC Sierra EV, and GMC Hummer EV Pickup, are somewhat lackluster as well. Through the first three months of the year, GM sold 2,393 units of the Chevy Silverado EV, 1,249 units of the GMC Sierra EV, and 3,479 units of the GMC Hummer EV (includes both the Pickup and SUV body style).
Comments
Don’t worry. DOGE will purchase them in the name of savings.
Duh huh!
Yep. That’s exactly what’s going to happen. Then they’ll report record sales numbers.
I look forward to all the hate comments from the “I hate Elon Musk cause my TV told me to” crowd.
Yeah. Poor Elon. Even after all the money he’s lost, he’s still better off than all the Federal workers who got fired for no reason! I feel so sorry for the guy (NOT!).
Darren Hixby – you mean the federal workers who were hired for no reason?
USA 0.1 — Oh, you mean all those people that had to go through the rigorous USAJOBS selection process, then rounds of interviews, most likely background checks, and were training in crappy-paying jobs so other people could retire without upsetting the government services that most people rely on but have no idea they exist? Yep, it’s better to just shut it all down and lose the decades upon decades of knowledge required to run all the agencies you’re going to be crying about not being there for the next 4 years — all with barely any impact to the federal budget.
The problem is how out of control these bureaucracies have grown, how much control they have grabbed for themselves, then demographics. Boomers didn’t have enough kids to support the ponzi scheme that is the modern economy and govt. The math is the math.
Dude – did you lose your job when DOGE stopped the funding of LGBTQ+ studies in mice? Sorry to hear that, back to Starbucks for you.
You know the mice research was NOT about LGBT, right? It was transgenic mice, not trans mice. Transgenic mice are mice with their genomes modified so they can study them for human diseases. The stories about trans mice was just more right wing rage machine stuff.
Before the Musk was political, there were stories after news reports about Teslas being keyed by MAGA’s. Pick up truck bros would roll coal at them and park and block charging stations.
So first I doubt your a Rev, second of all I just googled your statement couldn’t find anything. There might have been a few who blocked charges. However nobody was keying them, blowing the charges and cars and trying to do it to the show rooms….this is been all done by the left. Not a tesla fan, not a toyota fan, not a honda fan, but I don’t go and key them or blow them up.
Coal Rolling was definitely a thing, back when the Toyota Prius first came out. Not sure how widespread it was. I completely agree that vandalism is not justified in either case.
Did you buy one yet?
some of us just listen to what comes out of his mouth, and make our decision based on that.. just like we do with his co-leader, …what’s his name, oh yeah, trump.
If you need the TV to tell you who to hate, you are more of a sheep than the people you are attempting to mock. Elon has aleays been a despicable person, long before he changed oarties.
I haven’t liked Musk since he started locking Tesla customers out of the supercharger network when they complained too much on twitter years ago.
Guy is an egomaniac. I disliked him before it was cool. OG Elon hater here.
Also, the Cyber Truck is hideous.
If I didn’t hate Musk for his reckless DOGE chainsaw firings, watching him do a Nazi salute on Inauguration Day surely didn’t help his status in my mind.
“Meanwhile, sales for GM’s rival models, including the Chevy Silverado EV, GMC Sierra EV, and GMC Hummer EV Pickup, are somewhat lackluster as well.”
Almost like EVs don’t work for and/or aren’t wanted by everyone. Weird, if only someone saw this coming, BILLIONS of dollars could have been saved.
OR, most people just don’t have over $100K to plop down on something guaranteed to depreciate 50% in the first year. If I were considering a truck (had them in the past, but not for a long time), I would certainly prefer a Sierra EV but there’s no way I (or anyone I know) could afford a workhorse for that much. Like any new technology, it takes a few years of people that can afford the expensive new tech before the prices can start to come down. It’s a pretty good indicator that the Equinox EV can be purchased for such a reasonable amount that about anyone can afford, so the benefits of volume production should start making its way into the larger vehicles before too long (after all the tariff BS goes away).
“OR, most people just don’t have over $100K to plop down on something guaranteed to depreciate 50% in the first year.” You aren’t wrong. This should have been factored into the decision making process at companies like gm. But their bankers/shareholders demanded an agenda from them and thought they could force it on everyone because they own/control a little over half the S&P 500 market cap.
We have a Silverado EV at work. The money saved on fuel over the truck it replaced is larger than the paynents on the truck. It is working out so well that the rest of the fleet will be electric within 2 years.
That sounds like an environment that EV vehicles were designed for. The Cybertruck is so butt-ugly, and expensive, I’m surprised that anybody bought one in the first place.
Yes, it is perfect for our use. The big battery version can get through a whole day on a charge. The Cybertruck woukd not have been able to. Time wasted charging would have wiped out any fuel saving. But the Silverado finishes a typical day with 25-30% charge left. Plug it in overnight and it is ready to go again next day.
I drove a rental Equinox EV and it is a fantastically great vehicle. Go visit a Chevy dealer and do a test drive.
I’m actually glad that they are doing lackluster. I switched to EV last June and I’m never going back to gas. I have nothing against gas but the EV just works for me. I’m really hoping for some deals on the IQL because that will be my next vehicle.
cybertruck is so musk. guys buying them are guys trying to be macho, like the first hummer buys. but this is the worst choice.the new EDSEL
There is NOTHING “macho” about the cybertruck and I can’t imagine almost anyone thinking that.
Right. And Edsels sold better!
Dealerships in general don’t want to take EV’s in trade. The depreciated EVs are not worth anything and the dealerships can’t turn around and sell them.
People don’t want the harassment from the tolerant left .
Oh wait was it not the right first? LOL. Either never was interested in this brand. Go GM.
Before Musk was political, there were tons of news reports from even The Fox News that Teslas were being keyed (I even recall a lady with a MAGA hat doing that caught on camera). Bros in pick ups were rolling coal at Teslas (Jalopnik) and still other pick ups blocking charging stations.
Rev. GFY BOY!
FDT AND REPUBLICANS TOO
So, the Cybertruck had a problem with a stuck “throttle” pedal?
Yep, just like the Camry.
Do what Lee Iacocca did. “Buy a truck, get a check.”
They are just plain junk
Boo Hoo
How could anyone even want to ne seen driving one of those things..????..
2024 aren’t selling because none of them qualify for the $7500 tax credit. All $80k AWD 2025 models qualify. That is they are collecting dust. They flooded the market with $100k Foundation Series trucks and it’s now biting them in the ass.
trump+ elon both running around yelling “Whose on first ? Who is on second.? ”
Must buy teslas . No budy wants them. Will get them cheap. DOH!!!! No I*m not the one that is “CONFUSED”. I got a brain + know how to us it. Do you know where your brain is ?
Sarcasm??? What Sarcasm???
These trucks are not worth anything , what a scam.
Why on earth would anyone want to trade a CT in on another Tesla? That’s the part I don’t get.
Just raw sales numbers don’t have as much meaning as calendar day sales inventory which is a standard measure.
When TTT( tariffs -trumpy-trump) will have accumulated his 600 billions tariffs fees, his first priority will not be to give back that money to the US middle class, as promised his campaign for his re-election but he will ,surely, buy back all Tesla vehicles from customers for the resale value at almost ZERO, all the inventory of vehicles not sold in dealerships then closed all assembly plant(s) of Tesla for more creation of jobs for republicans citizens ????LOL What a clown. He cannot even respect the TRADE AGREEMENT (Canada-Mexico-US) that he signed personally while he was president in his first term.
What’s with you libbies and your kindergarten-level name-calling?
It’s what people do when they debate from a weak position.
to morrisangelo, GOOD COMMON SENSE by someone WHO HAS NOT BEEN BRAINWASHED like all republicains who are wearing a RED MAGA baseball hat worth about 10.00 to 15,00 which they paid around 50.00 and the next buyers will have to pay over 75.00. Who is being EXPLOITED???
Go home Canada, you’re drunk.
Trump is the one drunk. Now the clown has a 145% tariff on them. That loser is a clown.
nice looking stainles steel breadbox
Maybe the Cybertruck is just too weird or maybe folks don’t want electric trucks at all. GM can’t sell theirs either and they’re not weird. I’ve always thought that the type of person that buys trucks is the polar opposite of the type person who buys EVs. There’s really very little overlap so I never understood, and still don’t, why GM was planning on building 600,000 EV pickup trucks annually.
Cyber Trucks are cool looking and cannot be confused with a common work truck. In my WLA neighborhood, many Escalades like mine are being replaced with Cyber Trucks. On the other hand, Tesla sedans are popular here with the liberals, and they are all being traded in for german, Japanese or Korean battery powered cars. No GM battery powered cars in sight.
Proof please.
HEY Rev Charlatan – can you provide a link or a source for your claim of MAGA folks keying Teslas? If even one Tesla was “keyed” by a Trump supporter, it would have been headline news.
Hey Suzy………. here it is…….. In Connecticut a Republican lobbyist key a Senator’s Tesla.
Former Republican lobbyist vandalized CT senator’s Tesla
David, using your words for the search, I found one MSN story where a TESLA was keyed by a lobbyist. This had nothing to do with it being a Tesla as it was a personal vendetta and any brand car that the victim owned would have been keyed. Of course, the lobbyist is facing the consequences as he should. I don’t think you and Charlie look very good offering this one incident as ” there were stories after news reports about Teslas being keyed by MAGA’s”.
Good, this just made my day.
The Cybertruck looks like something that BA would build on the A Team.
I want a midsize American made, preferably GM pickup truck in EV or hybrid form. With 350 miles of range. For $50k. And it can’t weigh 9,000 pounds. GM Ford and Tesla missed the mark building $100k EV pickups.