Quote:
Hundreds of Tesla Cybertrucks have been spotted being delivered Elon Musk’s private companies, SpaceX and xAI, as Tesla is having issues selling the electric pickup truck.
Cybertruck turned out to be Tesla’s first real commercial flop.
After planning for a production capacity of over 250,000 units per year, Tesla is currently selling the pickup truck at a rate of ~20,000 units annually.
A ~10% utiliation rate of a production line is a terrible situation for an automaker as much of the capital invested in the vehicle program becomes sunk cost.
But things are even more difficult with Tesla, as even with much lower production, the automaker often ends up having inventory build-ups for the Cybertruck.
Elon Musk has a solution: he had his private companies buy hundreds if not thousands of Cybertrucks.
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https://electrek.co/2025/10/13/elon-...d-cybertrucks/
When the public won't buy your Deplorean, it's a good thing you have other companies to take up the slack. Then when Tesla sales look better than reality, have Tesla buy Xai and keep it all in the family. Financial incest.
Oh look the stock is up! The cult has bought it. Circle jerk complete.