Tesla is sitting on $200M worth of Cybertruck inventory
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Re: Tesla is sitting on $200M worth of Cybertruck inventory
#2Is there a "normal" amount of inventory to sit on?
>Used Cybertruck prices are down 55% year over year
It's wild to me folks lined up to buy this thing ... like I can understand enthusiasm for new things and all that but that's a big hit there. And even I think the prices are still high for the used ones in my area.
Re: Tesla is sitting on $200M worth of Cybertruck inventory
#3Is there a "normal" amount of inventory to sit on? >Used Cybertruck prices are down 55% year over year It's wild to me folks lined up to buy this thing ... like I can understand enthusiasm for new things and all that but that's a big hit there. And even I think the prices are still high for the used ones in my area.
There is a massive overlap between Tesla 'cult' members who hold Tesla shares and Cybertruck buyers - hence the 'best-selling EV truck' for the first few months.
It sounds wild, but it's a thing. Many claim to have bought several cars already 'for the mission' (one has to explain me, how buying several cars in a span of 5 years helps to fight climate change).
Once this pool was exhausted however, there is literally 0 demand. Tesla don't publish the number of Cybertruck sold, they mix them with model S / X, for a reason (the most transparent company on earth !).
Given the cratering demand, one has to ask how much money Tesla will bleed this year - despite all the hype around Optimus and other pipe dreams, at the end of the day, it's a car manufacturer employing 100k people, with installed production capacity that's now 2x the number of cars they were selling recently and the ratio is very quickly increasing. If history is any guide here, they are on a fast track to bankruptcy.
EDIT: Do not attempt to trade this ! It's become a meme stock at this point, and as we learned with GME, AMC, Hertz - even in case of real or virtual bankruptcy a stock can stay quite high.
Re: Tesla is sitting on $200M worth of Cybertruck inventory
#4Is there a "normal" amount of inventory to sit on? >Used Cybertruck prices are down 55% year over year It's wild to me folks lined up to buy this thing ... like I can understand enthusiasm for new things and all that but that's a big hit there. And even I think the prices are still high for the used ones in my area.
There is a massive overlap between Tesla 'cult' members who hold Tesla shares and Cybertruck buyers - hence the 'best-selling EV truck' for the first few months. It sounds wild, but it's a thing. Many claim to have bought several cars already 'for the mission' (one has to explain me, how buying several cars in a span of 5 years helps to fight climate change). Once this pool was exhausted however, there is literally 0…
Tesla, the DeLorean of the 21st century.
Or maybe Edsel.
Or Tucker.
Re: Tesla is sitting on $200M worth of Cybertruck inventory
#5Is there a "normal" amount of inventory to sit on? >Used Cybertruck prices are down 55% year over year It's wild to me folks lined up to buy this thing ... like I can understand enthusiasm for new things and all that but that's a big hit there. And even I think the prices are still high for the used ones in my area.
There is a massive overlap between Tesla 'cult' members who hold Tesla shares and Cybertruck buyers - hence the 'best-selling EV truck' for the first few months. It sounds wild, but it's a thing. Many claim to have bought several cars already 'for the mission' (one has to explain me, how buying several cars in a span of 5 years helps to fight climate change). Once this pool was exhausted however, there is literally 0…
[deleted]
Re: Tesla is sitting on $200M worth of Cybertruck inventory
#6Even setting aside the political stuff, this thing was 3 years late to the market. There are very few reasons you would want one of these over a Rivian outside of aesthetics, and it was a divisive aesthetic from the beginning.
Re: Tesla is sitting on $200M worth of Cybertruck inventory
#7Is there a "normal" amount of inventory to sit on? >Used Cybertruck prices are down 55% year over year It's wild to me folks lined up to buy this thing ... like I can understand enthusiasm for new things and all that but that's a big hit there. And even I think the prices are still high for the used ones in my area.
There is a massive overlap between Tesla 'cult' members who hold Tesla shares and Cybertruck buyers - hence the 'best-selling EV truck' for the first few months. It sounds wild, but it's a thing. Many claim to have bought several cars already 'for the mission' (one has to explain me, how buying several cars in a span of 5 years helps to fight climate change). Once this pool was exhausted however, there is literally 0…
Here's hoping the business world learns from this experience: trolls make terrible CEOs. It's one thing to be a narcissist or a sociopath. It's another to set out to sell a product while bending all your effort to taunting and dominating the customers who trusted you. People remember being betrayed.
It turns out no one is an NPC.
Re: Tesla is sitting on $200M worth of Cybertruck inventory
#8Earlier quoted context omitted.
There is a massive overlap between Tesla 'cult' members who hold Tesla shares and Cybertruck buyers - hence the 'best-selling EV truck' for the first few months. It sounds wild, but it's a thing. Many claim to have bought several cars already 'for the mission' (one has to explain me, how buying several cars in a span of 5 years helps to fight climate change). Once this pool was exhausted however, there is literally 0…
Tesla, the DeLorean of the 21st century. Or maybe Edsel. Or Tucker.
DeLorean was / is cool tho… failed for good reason but there’s one in my area and even non car people gather round it when it is around.
Re: Tesla is sitting on $200M worth of Cybertruck inventory
#9Earlier quoted context omitted.
There is a massive overlap between Tesla 'cult' members who hold Tesla shares and Cybertruck buyers - hence the 'best-selling EV truck' for the first few months. It sounds wild, but it's a thing. Many claim to have bought several cars already 'for the mission' (one has to explain me, how buying several cars in a span of 5 years helps to fight climate change). Once this pool was exhausted however, there is literally 0…
Tesla, the DeLorean of the 21st century. Or maybe Edsel. Or Tucker.
The Cybertruck is nothing like the Delorean. One was the vision of a man with admitted drug use to create a stainless steel vehicle that turned out to be very unreliable. Oh wait. Nevermind.
Re: Tesla is sitting on $200M worth of Cybertruck inventory
#10If I understand it correctly Tesla's innovation in last 5 years have mostly been updates to their software, for better or worse.