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Elon Musk's SpaceX and xAI are buying Tesla's unsold Cybertrucks
Tesla sells about 20,000 Cybertrucks annually versus planned 250,000 capacity, prompting Musk’s SpaceX and xAI to buy hundreds to reduce inventory.
- Last week, hundreds of Cybertrucks were delivered to SpaceX at Starbase and to xAI offices, with reports saying deliveries will continue into the coming weeks.
- Tesla has struggled this year, selling around 20,000 Cybertrucks against a planned capacity of over 250,000 and only 5,385 sold in the third quarter, per Cox Automotive.
- At SpaceX, deliveries to Starbase in Boca Chica and the Starlink factory in Bastrop, Texas, will replace internal combustion engine fleets for engineering and operations staff, Wes Morrill confirmed recently.
- Elon Musk arranged for his private companies to buy hundreds of unsold Cybertrucks while Tesla shareholders will vote next month on investing in xAI.
- Observers note Tesla’s Cybertruck faces its first real commercial flop, with reports finding 10,000 or more unsold units and Elon Musk’s companies buying inventory internally.
Insights by Ground AI
12 Articles
12 Articles
Teslas electric pick-up Cybertruck finds too few customers. Now the vehicles are probably delivered to other companies from tech billionaire Elon Musk.
·Germany
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Elon has SpaceX and his AI company buying up unsellable Cybertrucks
In May, reports indicated that 10,000 or more Cybertrucks were sitting on lots, unable to be sold. Elon has decided to buy them himself, magically helping Tesla's numbers. Here is Electrek's view of the situation: Here's what I bet happened. Elon knew Q4 is going to be rough due to the demand being pulled forward because of the tax credit. — Read the rest The post Elon has SpaceX and his AI company buying up unsellable Cybertrucks appeared firs…
·United States
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Coverage Details
Total News Sources12
Leaning Left5Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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