16,692 Cybertrucks sold in Q3 2024, more than 4 other EV pickups combined! Also 3rd best-selling EV overall in the US! 👏

[YDR37]

Tesla is killing everyone. It's not even close.

I don't think the numbers here are totally rosy for Tesla.

Obviously this is a Cybertruck forum, so it is appropriate to focus on the Cybertruck's numbers, which are not bad at 28,250 so far in 2024 (total of Q1, Q2, and Q3).

But did you happen to notice the Year-on-Year numbers for other Tesla models?

Model 3: down 34,067 (relative to the first three quarters of 2023)
Model Y: down 11,228
Model X: down 2,659
Model S: down 2,435

2024 is looking like a down year for Tesla sales in the US; the Cybertruck is the only bright spot. And this decline is happening while overall EV sales are growing.

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[HaulingAss]

Something is worth what people are willing to pay. I'd be willing to pay $200,000.00 for this truck so I got a bargain! (consumer surplus)

True, after driving and using my Cybertruck for over 6 months, I can say, had I known then what I know now about how good it is, I would have paid $200K for it. At the time, without knowing how good it really was, I probably only would have paid around $140K for it.

Of course, if I was working a job that only paid $50K/year, or I was as financially over-extended as many people are, I would probably grit my teeth and have to pass on it, even at the current prices. Fortunately, I planned ahead, saved my money, and didn't have to make that decision!

 

[HaulingAss]

I don't think the numbers here are totally rosy for Tesla.

Obviously this is a Cybertruck forum, so it is appropriate to focus on the Cybertruck's numbers, which are not bad at 28,250 so far in 2024 (total of Q1, Q2, and Q3).

But did you happen to notice the Year-on-Year numbers for other Tesla models?

Model 3: down 34,067 (relative to the first three quarters of 2023)
Model Y: down 11,228
Model X: down 2,659
Model S: down 2,435

2024 is looking like a down year for Tesla sales in the US; the Cybertruck is the only bright spot. And this decline is happening while overall EV sales are growing.

Overall truck sales are declining due to higher interest rates and high inflation that has stretched many consumers budgets too far to think about buying a new truck at this time. Those who can are fortunate indeed.

The auto industry is well-known to be cyclic, auto makers make most or all of their profits during periods of high consumer spending. The fact that Tesla sales will be roughly flat through a contraction like we have just seen is a feather in their cap. It's not uncommon for legacy auto to lose money in bad years.

 

[Sjohnson20]

This is just new car sales right? Not counting how many used ones that Tesla sells direct?

 

[YDR37]

This is just new car sales right? Not counting how many used ones that Tesla sells direct?

Yes, I think these are just new car sales, although that isn't stated explicitly.

 

[spamy42]

I don't think the numbers here are totally rosy for Tesla.

Obviously this is a Cybertruck forum, so it is appropriate to focus on the Cybertruck's numbers, which are not bad at 28,250 so far in 2024 (total of Q1, Q2, and Q3).

But did you happen to notice the Year-on-Year numbers for other Tesla models?

Model 3: down 34,067 (relative to the first three quarters of 2023)
Model Y: down 11,228
Model X: down 2,659
Model S: down 2,435

2024 is looking like a down year for Tesla sales in the US; the Cybertruck is the only bright spot. And this decline is happening while overall EV sales are growing.

Yeah but look at all the competition out there. There are some really nice cars on that list. What Tesla needs is more EV buyers overall then all the numbers will rise.

 

[Sjohnson20]

I bought a used Model S Plaid last month since the prices are so low now. Tesla opened a used car center near me and there were at least 20 people picking up used ones that day.

I know multiple people that bought used Model 3s from Tesla now that you can get them for 25k. That has to be hurting the new sales some.

 

[HaulingAss]

Yeah but look at all the competition out there. There are some really nice cars on that list. What Tesla needs is more EV buyers overall then all the numbers will rise.

EVs have to compete with gas cars, other EV's aren't that much competition to Tesla because they cost so much for what you get.

The primary competition are gas vehicles, for proof of this, just look at the vehicles other companies pay to market to Cybertruck Owner's Club, most of them are gas vehicles, the Toyota 4Runner, Dodge Ram 1500, etc. They wouldn't advertise here if they didn't think they could stem the tide of people buying EVs.

You won't find Tesla advertising on a Dodge Ram site, or anywhere for that matter, they want to win your business by offering more for less. And advertising is a cost that detracts from that.

 

[Cyberer]

Hate to say it, but it looks like tens of thousands dropped out,, way over priced. I was 330,000 in line, and got the invite already. Word to the wise wait for the next model and price drop

Word to the wise: Living isn't always (ever?) about waiting for the "best" deal. Enjoying Cyberlife since May '24

 

[Jack27]

I bought a used Model S Plaid last month since the prices are so low now. Tesla opened a used car center near me and there were at least 20 people picking up used ones that day.

I know multiple people that bought used Model 3s from Tesla now that you can get them for 25k. That has to be hurting the new sales some.

I bought my wife a used 3 from Tesla in 2019. It had like 150 miles on it and we saved 5k . I don’t think it hurts the company because as you said they are the ones saleing most of them anyway

 

[Sjohnson20]

EVs have to compete with gas cars, other EV's aren't that much competition to Tesla because they cost so much for what you get.

The primary competition are gas vehicles, for proof of this, just look at the vehicles other companies pay to market to Cybertruck Owner's Club, most of them are gas vehicles, the Toyota 4Runner, Dodge Ram 1500, etc. They wouldn't advertise here if they didn't think they could stem the tide of people buying EVs.

You won't find Tesla advertising on a Dodge Ram site, or anywhere for that matter, they want to win your business by offering more for less. And advertising is a cost that detracts from that.

Converting gas drivers to EV drivers is the big challenge now. I still have many friends that won’t go EV. Mainly because they are scared of charging and running out. Gas is so easy for them.

 

[Ray in montana]

Hate to say it, but it looks like tens of thousands dropped out,, way over priced. I was 330,000 in line, and got the invite already. Word to the wise wait for the next model and price drop

You dont get out much do you? Wander around any of the legacy truck lots sometime. I wouldnt hold my breath for prices to come down.

 

[CYBER CHESKO]

From the just released KBB ELECTRIC VEHICLE SALES REPORT Q3 2024

The Cybertruck was the 3rd best-selling EV in the US in Q3 2024!

The Cybertruck sold 16,692 units in Q3 2024, which outsold the combined sales of these EV pickup trucks:

Ford F-150 Lightning: 7,162
Hummer EV: 4,305
Rivian R1T: 3,817
GMC Sierra EV: 387
________________
Total: 15,671

Other EV Pickup Sales:

Chevy Silverado EV sold: 1,995
GMC Sierra EV sold: 397

Honestly, its the car of all cars

if I had real friends I would want each one to have it

 

[Jack27]

True, after driving and using my Cybertruck for over 6 months, I can say, had I known then what I know now about how good it is, I would have paid $200K for it. At the time, without knowing how good it really was, I probably only would have paid around $140K for it.

Of course, if I was working a job that only paid $50K/year, or I was as financially over-extended as many people are, I would probably grit my teeth and have to pass on it, even at the current prices. Fortunately, I planned ahead, saved my money, and didn't have to make that decision!

This is the disconnect for the newbs saying they are waiting.
they better not drive one then because they will hand there money over right now and say “F the non existing tax credit and non existing rear wheel drive I need it now!!

 

[YDR37]

This isn't Cybertruck-related, or even Tesla-related, but another interesting point in the data is the growth in the electric van category.

For the first three quarters of 2024, Ford e-Transit sales are up by 67%, and Rivian EDV sales are up by 50% (relative to the first three quarters of 2023). When you hear the words "Rivian truck", you probably think of the R1T pickup, but the EDV was actually Rivian's top-selling truck during the most recent quarter (3Q 2024).

The data also indicate that the first US sales of the Mercedes e-Sprinter have started. The Ram ProMaster EV and the VW ID.Buzz aren't listed yet, but they are on the way. Hopefully Canoo as well.

Obviously Tesla doesn't have a dog in this fight, but it's worth keeping an eye on if you have a general interest in electric trucks. For now, the electric van market is smaller than the electric pickup market, but I wouldn't be surprised if that gap narrows in 2025.

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