More than 10,000 unclaimed Cybertrucks in Tesla warehouses in the US signal a possible crisis in one of Elon Musk’s most ambitious projects. The futuristic electric pickup truck, which was supposed to be a sales hit, has seen a sharp drop in demand. The total value of unsold cars is estimated at almost €721 million.
Image source: arenaev.com
According to ArenaEV, the number of Cybertrucks available for purchase has increased dramatically in the last month. This is partly due to increased supply, but Tesla has also been aggressively slashing prices on various components, creating a large number of discounts on the same vehicle, which may artificially inflate inventory statistics.
The average price of the Cybertruck is about €70,300, which means the company has frozen huge funds in unsold vehicles. Experts believe that the problem is not in the growth of production, but in weak demand. Moreover, Tesla has already reduced the rate of production of the model, which confirms the decline in buyer interest. At the same time, some of the unsold electric pickups were produced back in 2024, while some units belong to the limited edition Foundation Series, the production of which ceased in October last year, which is why hundreds of cars have been standing in parking lots for several months.
In an attempt to boost sales, Tesla has introduced a cheaper version of the Cybertruck with rear-wheel drive (RWD), but with the same battery as the all-wheel drive model. However, analysts see this as a departure from the original plans due to low production volumes. The current Cybertruck inventory is equivalent to about two quarters of sales, and the slowdown in production calls into question the future of the model. If Tesla initially planned to produce 250,000 pickups per year, it may not be able to sell even 20,000 now.
Some experts, including Dan Ives of the largest investment company Wedbush Securities, suggest that Tesla may temporarily stop production of the Cybertruck. “Admitting problems with this model will be a difficult decision for both the company and Elon Musk,” he notes. Although Tesla has not officially commented on the situation, the overflowing warehouses speak for themselves.