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There is a massive overlap between Tesla 'cult' members who hold Tesla shares and Cybertruck buyers - hence the 'best-selling EV truck' for the first few months.
It sounds wild, but it's a thing. Many claim to have bought several cars already 'for the mission' (one has to explain me, how buying several cars in a span of 5 years helps to fight climate change). Once this pool was exhausted however, there is literally 0 demand. Tesla don't publish the number of Cybertruck sold, they mix them with model S / X, for a reason (the most transparent company on earth !). Given the cratering demand, one has to ask how much money Tesla will bleed this year - despite all the hype around Optimus and other pipe dreams, at the end of the day, it's a car manufacturer employing 100k people, with installed production capacity that's now 2x the number of cars they were selling recently and the ratio is very quickly increasing. If history is any guide here, they are on a fast track to bankruptcy. EDIT: Do not attempt to trade this ! It's become a meme stock at this point, and as we learned with GME, AMC, Hertz - even in case of real or virtual bankruptcy a stock can stay quite high. |