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Tesla Cuts Cybertruck Loan Rate to Zero for FSD Orders as Inventory Piles Up

Tesla hopes to clear over 3,700 unsold Cybertrucks before June 30 by incentivizing buyers to opt for its pricier self-driving package.

Elon Musk looking goofy with Cybertruck

Overview

  • The 0% APR financing applies to 60-month loans on Cybertrucks configured with the $8,000 Full Self-Driving system through June 30.
  • Cybertruck deliveries slowed to roughly 25,000 units in its second year, down from about 40,000 in the first production year.
  • Over 3,700 Cybertrucks now sit unsold in US inventories, valued at more than $300 million.
  • Tesla trimmed Cybertruck output at its Gigafactory Texas after sales fell well below its 250,000-unit annual capacity target.
  • Broader demand pressures show US Tesla deliveries down 10.6% year-over-year and Chinese sales off 15% in May.