Elon Musk's SpaceX and XAI Are Buying Tesla's Unsold Cybertrucks
6 hours ago
- #Tesla
- #Cybertruck
- #Elon Musk
- Hundreds of Tesla Cybertrucks delivered to Elon Musk’s private companies, SpaceX and xAI, due to low public demand.
- Tesla’s Cybertruck production rate is ~20,000 units annually, far below the planned 250,000 units per year.
- SpaceX and xAI are purchasing Cybertrucks to replace their support fleets, with SpaceX already receiving hundreds.
- Critics argue this internal purchasing strategy is a way to artificially boost Tesla’s sales and financials.
- Concerns raised about Elon Musk’s $1T pay package and potential misuse of company funds for self-dealing.
- Speculation that orders were placed before Q3’s end to qualify for tax credits, improving Q4 financials.