Overview

• Tesla has lowered Cybertruck production targets and reassigned workers to Model Y lines at its Gigafactory in Texas.
• Cybertruck sales fell to 6,406 units in Q1 2025, a 50% drop from the previous quarter, with fewer than 50,000 units delivered since late 2023.
• A March recall by the NHTSA affected over 46,000 Cybertrucks due to exterior panel defects, further dampening consumer confidence.
• Tesla is offering discounts of up to $10,000 on unsold Cybertruck inventory, including older 2024 models valued at over $200 million.
• The company launched a $69,990 rear-wheel-drive variant in April to boost demand but continues to face challenges meeting Musk's initial sales forecasts.