"But that hasn't stopped Tesla CEO Elon Musk from seemingly putting his thumb on the scales. As an insider source told Electrek, the billionaire's space company SpaceX has bought over 1,000 Cybertrucks from Tesla, a number that could rise to 2,000 over time. In other words, one of Musk's other companies has allegedly spent north of $100 million on Teslas that it's hard to imagine it finding a use for."
"As Musk continues to alienate his customers following his embrace of far-right ideologies, the company is struggling to close sales. Tesla's US sales dropped to a nearly four-year low in November, as Reuters reported last week. A cheaper, stripped-down version of its Model Y SUV failed to reverse the downward trend. According to registration data, the company sold just 5,385 Cybertrucks in the US in Q3, a precipitous drop of 62 percent compared to the same period last year."
Tesla faces disappointing Q4 sales expectations while its stock has risen nearly 50 percent over six months, decoupling market value from core performance. An insider said SpaceX bought more than 1,000 Cybertrucks, possibly rising to 2,000, representing over $100 million in purchases and showing many vehicles parked at SpaceX facilities in South Texas. Cybertruck demand has been weak, with just 5,385 U.S. sales in Q3, a 62 percent drop year-over-year. Tesla's U.S. sales hit a near four-year low, a cheaper Model Y variant failed to reverse the trend, and the Cybertruck has faced multiple recalls, range criticism, and price concerns.
Read at Futurism
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