Tesla’s Cybertruck production has slowed significantly since its launch, and despite initial hype, the electric pickup truck is no longer visible on satellite images of the company’s Texas factory. Just a year ago, hundreds of Cybertrucks were stored outside the factory, but they have largely disappeared.
The reason behind this decline in inventory is attributed to Tesla’s reduced sales figures. Despite CEO Elon Musk’s estimates that 250,000 to 500,000 Cybertrucks could be sold annually, the company has only managed to sell around 50,000 units since production began. This has led Tesla to cut back on production, rather than increase it.
In contrast, rival electric vehicle maker Rivian has gained popularity among affluent customers, with its vehicles often spotted in exclusive locations such as the Hamptons. Meanwhile, Tesla’s own trucks have become a target for vandalism.
Tesla’s reduced production and reallocation of workers from Cybertruck lines to Model Y production are likely contributing factors to the decrease in inventory. Satellite imagery suggests that Cybertruck production now outpaces deliveries by a much smaller margin than before, indicating a more balanced supply chain.
The disappearance of Cybertruck inventory raises questions about where the unsold vehicles are being stored. While it’s possible they may be stashed in parking lots not owned by Tesla, it’s also likely due to the company’s efforts to conceal their presence. With production rates now better aligned with sales demand, Tesla appears to have managed to reduce its excess inventory.
Source: https://sherwood.news/tech/where-have-all-the-cybertrucks-gone