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Oluwafemi Awodele
3 weeks ago
Overview
The Tesla Cybertruck is facing ballooning inventory levels in the United States.
More than 10,000 units of the futuristic vehicle remain unsold, signaling a sharp slowdown in demand, according to ArenaEV.
The Context
Since Tesla owner Elon Musk took on his role as head of the Department of Government Efficiency (DOGE), he and Tesla have been linked to the Trump administration's sweeping federal cuts and mass layoffs. The backlash has led to worldwide boycotts and protests at dealerships, as well as its vehicles being vandalized and Tesla owners being mocked, all of which has led to a drastic drop in sales.
What To Know
Data from ArenaEV and TeslaInfo.com shows that Cybertruck listings have surged over the past month. With an average price of $79,000, Tesla's inventory holds a value approaching $808 million.
more: https://www.newsweek.com/tesla-cybertruck-dealership-sales-2069615
