Overview
- Tesla has lowered Cybertruck production targets and reassigned workers to Model Y production lines at its Texas Gigafactory since January 2025.
- Cybertruck sales fell to 6,406 units in Q1 2025, a 50% decline from the previous quarter, contributing to a broader 13% drop in Tesla's overall deliveries year-over-year.
- The National Highway Traffic Safety Administration recalled over 46,000 Cybertrucks in March 2025 due to exterior panel defects, the eighth recall for the model since its launch.
- Tesla is offering discounts of up to $10,000 on unsold Cybertrucks, with approximately 2,400 units valued at $200 million still in inventory as of April 2025.
- Despite CEO Elon Musk's initial projection of 250,000 annual Cybertruck sales, fewer than 50,000 units have been delivered since the model's late 2023 launch.