Tesla Cybertruck Sales Crash With 2,400 Unsold Vehicles

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Tesla's unsold Cybertruck inventory has ballooned to 2,400 vehicles worth $200 million, creating a storage and cash flow headache for the EV maker.

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In an unprecedented move, Tesla refuses to accept its own Cybertrucks as trade-ins, forcing owners to seek external buyers in a declining market.

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Used Cybertruck values have crashed 55% year-over-year, with another 6% drop just last month, turning early adopters' purchases into financial quicksand.

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Starting at $80,000 instead of the originally promised lower price, the Cybertruck has priced itself out of reach for many who initially reserved one.

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Nationwide "Tesla Takedown" protests in over 30 states have erupted in response to CEO Elon Musk's controversial political activities.

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Multiple quality issues and recalls, including falling trim panels and accelerator problems, have damaged consumer confidence in the stainless steel truck.

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Competitors like Polestar and Lucid now offer special discounts specifically targeting Tesla owners looking to jump ship from the troubled brand.

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Tesla has already begun cutting Cybertruck production rates after delivery numbers peaked at just 5,308 units in September 2023.

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Some frustrated owners with service-plagued vehicles report being forced through the lengthy Lemon Law process rather than getting direct buybacks.

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