Despite initial hype, Tesla’s Cybertruck has struggled to meet sales expectations, with inventory piling up and prices dropping on used models. Has Elon Musk’s vision for a luxury EV gone awry?
The article discusses the struggles of Tesla’s Cybertruck, which was introduced as a highly polarizing and expensive lifestyle vehicle. Despite initial hype, sales have been sluggish, with anecdotal reports of Cybertrucks piling up on used car lots and the average price of used models dropping.
Some key points from the article include:
* The Cybertruck has not become a large volume competitor, unlike Tesla’s other successful vehicles like the Model Y.
* There are concerns that the Cybertruck may have already passed its peak sales period, with reports of inventory piling up and prices dropping.
* Leasing a new Cybertruck starts at around $900 per month, while buying an all-wheel drive base model costs at least $90,000.
* The federal EV tax credit of $7,500 is expected to be short-lived, as Trump’s administration has promised to kill the credit with Musk’s backing.
* Tesla missed an opportunity to follow up the Model Y with a more affordable EV, instead introducing a highly polarizing and expensive vehicle.
Overall, the article suggests that the Cybertruck may not meet sales expectations and could face challenges in 2025.
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