Is the Cyber Truck a Flop?

[WinterDeere]

Agreed. Tesla gets a lot of attention, because they were basically doubling their sales every year for 8 years. I'd be willing to bet that no car company since Henry Ford himself introduced the model T, has ever come anywhere close to that. But "big volatility" always works both ways!

 

[WoodChuckDad]

MSN

Things are undoubtedly bad at Tesla. Its sales are dwindling. Its profits are plunging, as is its share price. There are regular protests outside its showrooms. The Cybertruck is a flop. And somehow, it’s actually a lot worse than that.

Share price is up. I know, because I’ve been watching and waiting for it to drop again

 

[NoTrespassing]

Share price is up. I know, because I’ve been watching and waiting for it to drop again

Now's your chance Down 3% today.

 

[dfkrug]

I'd be willing to bet that no car company since Henry Ford himself introduced the model T, has ever come anywhere close to that.

Good reference. Ford got his economy of scale down so that he could sell cars profitably for under $300 at the end of the Model T life.

Same for Tesla. He is able to make his current best-seller for better and better margins. And new products are on the horizon. I imagine the about-to-be-released self-driving taxi will be very successful.

 

[NoTrespassing]

Good reference. Ford got his economy of scale down so that he could sell cars profitably for under $300 at the end of the Model T life.

Same for Tesla. He is able to make his current best-seller for better and better margins. And new products are on the horizon. I imagine the about-to-be-released self-driving taxi will be very successful.

What are the margins on his current best-seller? Overall margins are way down since 2022 from what I read and posted.

 

[Btown]

It should be noted that Tesla sold more than 2 times as many Cyber Trucks as Ford sold F-150 Lightning trucks. Yet there is no "Is the Ford Lightning truck a failure?" thread ?
Or is that just a given? Common knowledge, not worthy of discussion?

That was over the first year of CT production and it was by 5,000 or so trucks and it had in the beginning a huge demand. Sales have fallen. Last quarter Ford sold more Lightnings than Tesla CT. Ford sold 7,287 compared to Tesla 6,406 from Jan to end of March. The CT fad has slowed down a lot. I said from the beginning when they announced the real price sales will be pretty low. There is not a huge demand for $80,000-100,000 1/2 ton pickup trucks. There are some sales, but there is a lot of competition there. Most of the trucks Ford sells are XL and XLT models. They make up around 60% of sales. Teslas new RWD CT strips out so much for such little in price. I don’t see it being a big seller.

 

[Btown]

Agreed. Tesla gets a lot of attention, because they were basically doubling their sales every year for 8 years. I'd be willing to bet that no car company since Henry Ford himself introduced the model T, has ever come anywhere close to that. But "big volatility" always works both ways!

Tesla sold fewer vehicles in 2024 than in 2023. That rate of growth they had was unsustainable. Most of the growth was going from making a few expensive vehicles to cheaper more affordable ones. Now that has happened, sales have leveled off, even after adding the CT to the line up. The S and X basically do not sell very well. Now if Tesla can create demand by offering lower price vehicles than others can, they can see some growth. There are a lot of hurdles with a self driving vehicle. Is Tesla there yet? I personally don’t think so. Elon has been saying they have been there since 2018. It’s 7 years and it’s still in Beta form.

 

[dfkrug]

What are the margins on his current best-seller? Overall margins are way down since 2022 from what I read and posted.

Best-selling car in the world (by units) in 2024 was the Model Y, at over a million. Gross margin estimates seem to be 20-25%. And, as the model is maturing, margins get better and prices will drop.

Tho past promises were not met, the Tesla taxi may really be inexpensive since so many features can be deleted. If they make it for under $30K, that may be a game-changer.

 

[jmc]

Boots on the ground report on repairing a wreck CT.

Our Tesla Cybertruck Test Ended With a $58,000 Repair Bill

We planned to test a Tesla Cybertruck for a year and 20,000 miles. But a crash led to a massive repair bill, causing us to offload our Cybertruck several months ahead of schedule.

www.edmunds.com

Spoiler alert: they had to total it.

 

[ruffdog]

Boots on the ground report on repairing a wreck CT.

Our Tesla Cybertruck Test Ended With a $58,000 Repair Bill

We planned to test a Tesla Cybertruck for a year and 20,000 miles. But a crash led to a massive repair bill, causing us to offload our Cybertruck several months ahead of schedule.

www.edmunds.com

Spoiler alert: they had to total it.

End of the article:

"After everything was said and done, we sold the remains of our Cybertruck to online auction site Copart for — deep breath — $8,000.
But, hey, at least our ill-fated Fisker Ocean is no longer No. 1 on the "cars on which we've taken the biggest bath" leaderboard."