Tesla is facing challenges with its Cybertruck, having put around 50,000 trucks on the road while offering discounts of up to $10,000 to stimulate demand for its unsold inventory. Many of the discounted models are older versions not qualifying for tax credits, making them less appealing compared to newer models. Despite the previous promise of 120,000 annual production capacity, current output is far below expectations, suggesting a disconnect between initial consumer excitement and current market reality. The situation poses questions about the Cybertruck's desirability and Tesla's market position.
Tesla's struggle to explain the decline in pre-orders for the Cybertruck highlights a significant mismatch between supply and demand for the vehicle.
Despite offering substantial discounts and incentives, Tesla's inventory of unsold Cybertrucks reflects a worrying trend for what was once an eagerly awaited product.
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