Overview

• Over 100 unsold Cybertrucks have been stored at Hunter’s Square shopping center, leading Farmington Hills code enforcement to notify management that vehicle storage is not permitted
• Tesla’s inventory of unsold Cybertrucks has swollen to an estimated 10,000 units after sales missed 2024 forecasts by about 10,000 vehicles
• The company began cutting Cybertruck production in late 2024 and reassigned workers to its more popular Model Y line to address the mounting inventory
• Since late 2023, the Cybertruck has been subject to eight recalls, with the latest affecting nearly 46,000 trucks over a potentially loose stainless-steel trim panel
• Tesla’s sales have weakened further in part because of backlash against CEO Elon Musk’s political activities, fueling protests and brand polarization