“It’s a great product, but financially, it will take, I don’t know, a year to 18 months before it is a significant positive cash flow contributor,” Musk said in the October 2023 call. But, ever the showman, Musk couldn’t resist injecting some hype.
“The demand is off the charts,” he said. “We have over 1 million people who have reserved the car.”
But more than a year later, that demand appears to have dried up.
Meanwhile, dozens of limited edition Foundation Series Cybertrucks, the first version of the truck to go on sale, were piling up in the automaker’s inventory, leading Tesla to reportedly start
buffing the badging off so they could be sold as regular models.
The truck barely moved the needle for Tesla this year.
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