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Cybertruck sales are disastrous. Tesla sold ~10,000 in the fourth quarter. (electrek.co)
submitted 2 years ago by to c/news@hexbear.net
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Emphasis theirs.

It has been hard to track Tesla’s sales because the automaker is the most opaque when it comes to breaking down sales per model. Tesla bundles sales of Model 3 and Model Y together and all other vehicles (Model S, Model X, Cybertruck, and Tesla Semi) into its “other models” category.

Today, Tesla released its Q4 delivery numbers and confirmed that it delivered 23,640 units of its “other models.”

Based on how Model S and Model X sales have been tracking, we estimate that Tesla delivered between 9,000 and 12,000 Cybertrucks in Q4, which is likely less than in Q3 despite launching the cheaper non-Foundation Series models and opening orders beyond those with reservations.

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[–] 22 points 2 years ago (8 children)

IIRC the company is still way overvalued relative to their actual production as compared to other car companies, it's just that even with the decline when Musk became an open nazi, there are still enough rich tech-bros supporting him and buying shares to keep the price high.

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  • [–] 20 points 2 years ago (7 children)

    It's not even tech bros, many, many 401k's and other funds include Tesla because of the stock performance. If the company were to tank it'd have significant impact on the entire country. They're literally too big to fail

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  • [–] 3 points 2 years ago

    Too big to fail implies the government will prop them up when it fails. I can't see that happening. There are simply no assets, no employee base, it's all fluff.

    Reminds me of Enron. The clues are there but everyone chooses to ignore them so they can make money today.

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