While Tesla maintains its leadership in the electric vehicle market, it faces serious difficulties in the sales of its Cybertruck model. The company has approximately 2,400 Cybertruck stocks in the US alone, worth $200 million. The most important reasons for the growth of this inventory were defects in the production of the vehicle and recall cases.

Cybertruck stocks remained in Tesla’s hands

Although production of the Cybertruck began a year and a half ago, Tesla has not been able to increase sales of its vehicles to expected levels. The reasons for the low deliveries last year included difficulties in the production process, the high-priced Foundation Series version and lack of access to the $ 7,500 tax credit. However, for this year, these reasons have also lost their validity.

In March, Telsa launched a major recall operation due to manufacturing defects in Cybertrucks. Deliveries were suspended due to serious safety issues, such as trim pieces falling off the vehicles. As of 21 March, this production problem has been fixed, but vehicles delivered earlier will also need to be corrected.

In addition to Tesla’s difficulty in selling Cybertrucks, there is a great depreciation in the second-hand market. While used Cybertruck prices fell by 55 per cent in a year; 13 per cent in the last three months and 6 per cent in the last month.

Tesla does not allow Cybertruck owners to replace their vehicles with a new Tesla. In addition, although some Cybertruck owners who have been waiting in service for a long time want to return their vehicles, Tesla rejects these requests.

It remains unclear how Tesla will deal with this excess stock. In this period when the company has to slow down production, it may go to new incentives or price cuts for Cybertruck. So what do you think about this issue? You can share your opinions with us in the comments section below.