SpaceX Is Buying Up an Unfathomable Number of Cybertrucks
EV tax incentives now available up in smokeTesla expected to be disappointing Once again with Q4 sales.
Despite pessimistic sales forecasts, Tesla’s shares have soared, rising nearly 50 percent in the past six months; This once again shows how high the company’s $1.5 trillion market value is. largely unconnected stems from the success of its core business.
But that didn’t stop Tesla CEO Elon Musk from seemingly putting his thumb on the scale. As an inside source said ElectrekThe billionaire’s space company, SpaceX, purchased more than 1,000 Cybertrucks from Tesla; this number may increase to 2,000 over time.
In other words, one of Musk’s other companies allegedly spent over $100 million on Tesla, and it’s hard to imagine it finding a use for it — and it seems like a very embarrassing ploy to save the EV maker’s reputation.
A. video Images circulating on Musk’s social media platform X show multiple Cybertrucks parked outside SpaceX’s facilities in South Texas.
Considering that the pickup EV has been a colossal commercial flop, selling only a fraction of what Musk promised between 250,000 and 500,000 Cybertrucks a year, there’s a good chance Tesla will use the mercurial CEO’s other initiative to boost numbers at the end of an otherwise disastrous year.
The company is struggling to complete sales as Musk continues to alienate customers by embracing far-right ideologies. Tesla’s US sales fell to their lowest level in almost four years in November. Reuters reported last week. A cheaper, stripped-down version of the Model Y SUV has failed to reverse the downward trend.
According to registration data, the company sold just 5,385 Cybertrucks in the U.S. in the third quarter; This represents a rapid decline of 62 percent compared to the same period last year.
Besides being a huge commercial flop, the Cybertruck is also recalled eight times has sometimes been criticized for glaring design issues and relatively low range and a lot higher than originally advertised price.
Still, Musk is adamant that the truck is a success story, tweeting earlier this month that it’s an “incredible vehicle” and “our best vehicle yet from Tesla.”
Time will tell how determined the electric vehicle manufacturer is still to produce the stainless steel beast. Musk is trying to move Tesla away from traditional vehicle sales. doubling robotaxi service and humanoid robots instead.
Tesla’s core business, meanwhile, looks worse for wear. Beyond drying up demand, the company faces new regulatory headwinds with California Threatening the company with a 30-day vehicle sales ban A lawsuit was filed in the state for misleading customers with the term “autopilot.”
Despite false marketing terms, Tesla vehicles – at least those sold to the public – cannot fully drive on their own, requiring the driver to be able to take control at any time.
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