Tesla Stock Drops 1.4% Premarket. Tesla Might Have Been Sitting on More Cybertruck Inventory

Electrek05-06

Tesla’s Cybertruck inventory has skyrocketed to a new record high of more than 10,000 units. The vehicle program is in crisis.We reported at the beginning of April that Tesla ended the first quarter ...

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Comments

  • a4xrbj1
    05-06
    a4xrbj1
    Cyberflop is just the tip of the iceberg. They have so many other problems selling their cars. Look at Europe numbers, they can close their shops there. China has shown that they can only sell their newest Model Y only with deep discounts, so bad for a new vehicle. US isnt much better but less visibility.
  • SamsonChow
    05-06
    SamsonChow
    Elon Musk pet project!  An abject failure like the Ford Edsal!  Time to sell the stock!
  • Guavaxf30
    05-06
    Guavaxf30
    This should not surprise. With Tesla reporting poorer sales across many markets, and with the Cybertruck getting so much brickbats, who will still be wanting to buy this?  What is worst is barely two years ago, the Cybertruck was Elon Musk's great white hope and the eventual launch spurred big price jump for the shares. Now with the Cybertruck proving to be a great big lemon, how far more will the Tesla share price fall? 
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