Elon Musk's SpaceX bought tens of millions worth of Cybertrucks Tesla can't sell
a day ago
- #SpaceX
- #Tesla
- #Cybertruck
- Tesla's Cybertruck demand is less than 10% of its planned production capacity.
- SpaceX has purchased over 1,000 Cybertrucks, potentially worth $80-$160 million.
- Tesla aimed to produce 250,000 Cybertrucks annually but struggles to sell even 20,000 per year.
- Cybertruck's high price and fewer features compared to the prototype have hurt sales.
- SpaceX's purchase may help Tesla's Q4 performance amid declining EV incentives in the US.
- SpaceX is also investing $2 billion in Elon Musk's xAI, raising investor concerns.