Tesla Cybertruck is in crisis: new discounts and throttling down production

a year ago

Tesla Cybertruck faces a crisis with high inventory and heavy discounts.
Production is being throttled down to avoid further inventory buildup.
Elon Musk's 2025 production target of 250,000 units/year is far from being met, with current sales at ~25,000 units/year.
Tesla has ~2,400 Cybertrucks in inventory, some being older models ineligible for federal tax credits.
Discounts up to $10,000 are being offered, averaging around $8,000, exceeding the tax credit value.
Inventory reduction has been minimal (~100 units) despite discounts.
Production teams have been reduced, and some workers shifted to Model Y production.
Tesla factories are operating at ~60% capacity to manage inventory amid low demand.
A new Cybertruck RWD version was poorly received due to removed features.
Tesla may face a complete production pause if demand doesn't improve.

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