Is Cybertruck demand dwindling?

[countryboy]

This sort of behavior starts notable number of forest fires.

-Crissa

Not where I live. You could have a flamethrower hanging out the window and it wouldn't start a fire (in summer). I wouldn't suggest this in CA or AZ. Be smart people, don't start fires.

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[Crissa]

My TSLA stock allocated for the CT got close a few days ago. I will either continue to save, my stocks will run, and/or the price equation will improve a bit more and then I'm purchasing.

Same here! It's been a bit of a doldrum on the stock side, I swapped to the wrong ones (TSLA apparently being wrong) so I gotta wait it out. Add to it my spouse has been out of work this year and we can't make the jump yet.

But I've always tried to make sure to add to the forum with links and using my memory to answer people's questions. Search is only as good as your knowledge of the terms and what was said before... And with lots of new owners, they won't know the site or what's been said before.

-Crissa

 

[Tinker71]

I agree! My honest take on this is Tesla Engineers built an amazing truck but their sales and marketing folks screwed it. When FS costed almost same as non FS plus accessories, there was no need to make FS available for everyone. They could have made first 30K trucks as FS for early holders at $80K/$100K. The novelty and scarcity of the truck for late reservation holders would have driven the demand further. I know many owners are happy now, but Tesla played a dangerous price game with reservation holders, and it backfired big time. I’m sure conversion rate would have been lot higher if people were allowed to buy FS just for being high at the reservation list. To cater late reservation holders, they could have removed the resale clause. Probably FS owners might bash me for saying this, but it is what it is guys. The only folks who are happy now are FS owners who had to wait for a long time if Tesla had taken the traditional route!

Things will normalize as you said. Once people realize CT is an amazing truck for the price, the demand will increase. $80K IMO is not high. Other EV trucks with the similar specs are equally expensive!

My wife and I gross $250k and there is not a path to a $1000 payment for us. The pool of folks that can afford that is only so deep.

No matter how you slice it, $80k is way more than the average wannabee truck owner can or should spend. Tesla won't make 250,000 per year at that rate. They will pull various levers on leases incentives etc, but it won't matter. The price has to come down.

I could liquidate half my TSLA and afford it but I still consider myself upper middle class (based on income), which doesn't allow me to pull the trigger.

 

[Mini2nut]

Elon himself commented that they need to make the Cybertruck more affordable.

97% of reservation holders neglected to place an order due to higher than anticipated MSRP's. And this is after a short 11 months of production. Tesla leadership has taken notice.

I predict Cybertruck incentives and lower MSRP's are coming in 2025.

 

[ChristoN]

Placing the polarizing Cybertruck concept into production was a huge gamble for Tesla.

I personally don’t believe the controversial styling is holding back potential buyers. It’s the current $80k and $100k premium price points.

2025 is going to be an interesting year for Cybertruck sales. To keep the assembly lines humming Tesla will need to keep pulling down on the CT demand lever.

Leasing was the first pull of the Cybertruck demand lever after 11 months of production. What will pull #2 be?

My issue is range. If I can get a Cyberbeast with at least 400mi of range without having to have a heavy extra battery taking up 1/3 of the bed, it’s a go! Hopefully this breakthrough in the dry cathode process enables them to produce some higher density batteries by next quarter like they said in their q2 earnings call.

 

[igs]

My wife and I gross $250k and there is not a path to a $1000 payment for us. The pool of folks that can afford that is only so deep.

No matter how you slice it, $80k is way more than the average wannabee truck owner can or should spend. Tesla won't make 250,000 per year at that rate. They will pull various levers on leases incentives etc, but it won't matter. The price has to come down.

I could liquidate half my TSLA and afford it but I still consider myself upper middle class (based on income), which doesn't allow me to pull the trigger.

If you can't afford it just say you can't afford it.

 

[Mini2nut]

I always felt that 400 miles of battery range was the magic number to extinguish range anxiety fears.

 

[Tinker71]

If you can't afford it just say you can't afford it.

It is a choice of priorities. To each their own. FWIW I could pay cash tomorrow.

 

[Tommy2b]

I've been monitoring the CT used market since the very beginning, and haven't seen any 'flood' of available vehicles or sudden drop in used prices. Aside from the initial drop from $200k to MSRP-ish, (when there were probably about 100 in the entire world), all I've seen is the gradual drop in price you would expect in any vehicle. The Non-FS is still rare, and even used FS AWDs are still selling at $86K+. NFS are selling above MSRP at this point.
If there were too many NFS to go around, I would expect AWDs to drop into the $70Ks on the used market.

So 1) Production is still very limited (<~1250/wk), and/or 2) There continues to be ample demand.

 

[MarcF]

For the display features, 2 major things the CT team could do, one they should aquire onxmaps to ramp-up faster in the off-road mapping. And the other major updates for features a pickup driver can benefit during towing!
The Cybertruck should be able to V to T to V, Vehicle to Trailer to Vehicle. Adding a pack in a trailer or RV, or even motorized trailer, could vastly increase range and competence in towing!

 

[AlDente]

I have a 2018 Model X that sold new in 2018 with FSD for $160 ish. New ones are about half that amount and I bought mine used for $40K. It has FSD and is a 6 seat model which were both expensive upgrades when new. Based upon the current Cybertruck demand (or lack thereof) I can see something similar happening to the Cybertruck. It should be cheaper to build than the X so Tesla should have a profit margin that allows discounting if they choose to do so. Lots filling up with unsold Cybertruck's isn't a good look.

 

[Jack27]

My wife and I gross $250k and there is not a path to a $1000 payment for us. The pool of folks that can afford that is only so deep.

No matter how you slice it, $80k is way more than the average wannabee truck owner can or should spend. Tesla won't make 250,000 per year at that rate. They will pull various levers on leases incentives etc, but it won't matter. The price has to come down.

I could liquidate half my TSLA and afford it but I still consider myself upper middle class (based on income), which doesn't allow me to pull the trigger.

It baffles the mind what you all think you “should get “ in todays market for 80k. Every single truck comparable on the level of the cyber truck are all priced with in the same range. If you want a cheaper truck you should start looking at standard F150s, rangers , chevy Colorados and so on. This truck is worth 80k in today’s market! I sold my 2015 duramax for 35k a few weeks ago and my buddy just paid 95k for his new duramax. This is the price these trucks are fetching. The truck is not over priced

 

[HaulingAss]

It baffles the mind what you all think you “should get “ in todays market for 80k. Every single truck comparable on the level of the cyber truck are all priced with in the same range. If you want a cheaper truck you should start looking at standard F150s, rangers , chevy Colorados and so on. This truck is worth 80k in today’s market! I sold my 2015 duramax for 35k a few weeks ago and my buddy just paid 95k for his new duramax. This is the price these trucks are fetching. The truck is not over priced

Yep!

It looks like this forum has a lot of people who don't follow the truck market. Especially those with payload capacities over 2,000 lbs. and towing over 10K. Maybe they are still thinking of the Cybertruck as just a large car, because someone told them it wasn't a truck.

Sure, you can get a basic truck that can do this for somewhat less, but that's not what most truck buyers are buying.

 

[JerseyMike]

It baffles the mind what you all think you “should get “ in todays market for 80k. Every single truck comparable on the level of the cyber truck are all priced with in the same range. If you want a cheaper truck you should start looking at standard F150s, rangers , chevy Colorados and so on. This truck is worth 80k in today’s market! I sold my 2015 duramax for 35k a few weeks ago and my buddy just paid 95k for his new duramax. This is the price these trucks are fetching. The truck is not over priced

I somewhat agree….certainly sticker to sticker that is true but ICE trucks now coming back to reality with $10k+ discounts

still cybertruck is awesome and priced competitively but would be a complete knockout for a bit less

 

[HaulingAss]

I somewhat agree….certainly sticker to sticker that is true but ICE trucks now coming back to reality with $10k+ discounts

still cybertruck is awesome and priced competitively but would be a complete knockout for a bit less

All discounting would do is increase wait times. Right now most new orders are being delivered in a month or so. Legacy auto is discounting to move trucks that have been sitting on lots for months (and the new 2025 models are already starting to come in). Tesla is selling 2025 Cybertrucks already, with hardly any 2024s in the delivery pipeline.

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