Tesla has revealed Cybertruck deliveries within the US, confirming that it could’t promote the electrical truck even with federal tax credit and reductions.
As we beforehand reported, Tesla is very opaque about its car deliveries. Not like most different automakers, Tesla doesn’t breakdown deliveries per mannequin – making it harder to trace the well being of every car program.
This contains Cybertruck deliveries, that are bundled with Mannequin S and Mannequin X deliveries.
With Tesla’s announcement immediately that it recalled all Cybertrucks produced up till final month, the corporate confirmed that it made and delivered 46,000 Cybertrucks within the US since launching manufacturing in late 2023.
By evaluating them to earlier numbers, it signifies that Tesla is barely going to ship between 7,000 and eight,000 Cybertrucks in Q1 2025.
That might be considerably down from the final two quarters when Tesla is estimated to have delivered between 10,000 and 12,000 Cybertruck.
It’s a unhealthy look contemplating the Cybertruck gained entry to the $7,500 federal tax credit score for electrical autos this quarter, and Tesla began to low cost the truck with free Supercharger and backed financing charges.
The decrease financing charge is equal to slashing 1000’s of {dollars} off of the Cybertruck.
Tesla additionally launched its Cybertruck lease program final month and provided free wraps on Foundations Sequence.
If deliveries are dropping even with these new incentives, it’s a transparent signal that the Cybertruck program is in misery.
At this level, Tesla’s solely hope is the upcoming cheaper Cybertruck RWD anticipated to start out at $61,000 later this yr.
Electrek’s Take
At this level, it’s clear that the Cybertruck just isn’t production-constrained. It’s demand-constrained.
Tesla arrange manufacturing at Gigafactory Texas to be able to 250,000 models per yr, in line with Elon Mus, who stated that he even sees Tesla promoting 500,000 models per yr, and it’s now having points promoting the truck at a charge of 40,000 models per yr.
That is unhealthy.
Certain, the RWD model will assist a bit, however by how a lot? 50%? That might nonetheless solely be 60,000 models per yr.
I might additionally point out that the RWD model was the least fascinating on based mostly on reservation tallies. Nevertheless, to be honest, that was earlier than Tesla introduced huge value hikes on the truck and confirmed that it doesn’t ship on the initially introduced vary.
It’s wild to me that Tesla shareholders and Elon followers don’t see this a large crimson flag for Elon. Tesla has launched a single new car in 5 years, the Cybertruck, and it’s a flop. At what level do you begin to blame administration?
