Tesla’s Cybertruck faces mixed reviews as questions about its success mount. Electrek reported that Tesla’s Cybertruck inventory surpassed 10,000 units, roughly equivalent to a full year’s sales.
Despite lowering the starting price to $69,990 late last year, the price cut has had minimal effect on reducing inventory.
Tesla produced over 40,000 Cybertrucks in early 2024, but sluggish demand has slowed sales. The initial Foundation Series remains unsold, and the recently released RWD model, equipped with the same battery, offers reduced features to manage the oversupply.
Tesla is expected to release the 2024 model in November without notable performance upgrades. This move appears to be a simple attempt to regain consumer attention.
Electrek noted that while the Cybertruck was initially lauded for its futuristic design and powerful specs, real-world market response has not met expectations. Minor pricing and model adjustments are unlikely to resolve the issue, drawing attention to Tesla’s next strategic steps.
