$74k trucks in inventory

[Sirfun]

I think there are only some many people that will afford it. Just because a buyer can afford an $80K vehicle, does not mean they want to deploy capital in that way. If I spend $80K on a Cybertruck today, I am foregoing 186 shares of TSLA. There is a consensus amongst investors that TSLA reaches $2000 by 2030. That $80K truck now cost me $373K, in missed opportunity. Alternatively, if Cybertruck is $60K, and I finance $37K, by trading in a vehicle that would not be used, I end up with a very manageable payment of $681. I'll probably buy before it gets this low, but I am certainly waiting for the inevitable price drops. I have followed Tesla long enough to know that is always the plan. I love Cybertruck, but not as much as I love buying TSLA, so I'll just wait until what I want does not interfere with what I need. I don't fault those that have bought. I totally get it. I have looked at the website a million times, and configured an order, and drove by the service center. I oogle the foundation trucks with free supercharging. I feel a little like Braveheart

Great explanation, and analogy! So you say you got a plan.

That's been my plan too. I reserved 11/21/19. And when I received the email to configure in Dec. 8 2023 at $100K, my thought was along those same lines. They just made it easy for me to say no. For 4 years, I was worried about being one of the first to drive around in a vehicle that demands as much attention as The Cybertruck. What I kept telling myself was that it was going to be a massive hit, and they would be everywhere in 6 months, like the 64 1/2 Mustang. That was based on Elon's words during the reveal. "Those prices without an incentive", $39,900, $49,900, $69,900. When Elon said that, those prices were very similar to the prices of a Model 3 at the time!!!
Well, as a TSLA investor, I totally agree with how they've priced Cybertrucks. And I feel the same as you, that in due time the price will come down so they can sell Cybertrucks at high volume. But, not until they've squeezed the production to the point that they can make a profit at those lower prices.

So, I was driving a 2015 Toyota Avalon, and thought, "no way I want to drive this for another 4 years". I waited until the day $7500 P.O.S. was available and bought a new Model Y LR from inventory. I'm so damned happy with it, I can "almost" think I may not buy a Cybertruck. But, in the next couple of years, EV tech. is quickly going to change. So we shall see.

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[HaulingAss]

Auto market is doing great. 2024 sales in US = 15.8 million units, up from 15.5 in 2023, 13.8 (!) in 2022, 15.0 in 2021, and 14.5 in 2020.

Not so great when you look at long term trends:

US light vehicle sales are still below where they were in 1986! And this chart illustrates so well how auto sales are cyclic. People who say Tesla is done, simply because their sales declined 1.1% for the first time ever, don't understand the auto business!

 

[CTInProcess]

More FUD to bring down T$LA, Elon said that there are people waiting to take delivery but will have to wait a bit because he is going to donate their CT for the LA Fire recovery.

There are 2 million Reservations to go through, it takes time. Stop being cheapskates and pony up what is being asked. Elon and Tesla are losing money on each of these already. Besides, there is no better option for you right now, just this. I’m not sure why every other cars out there isn’t a CT…. Smh

 

[Trbizwiz]

Great explanation, and analogy! So you say you got a plan.

That's been my plan too. I reserved 11/21/19. And when I received the email to configure in Dec. 8 2023 at $100K, my thought was along those same lines. They just made it easy for me to say no. For 4 years, I was worried about being one of the first to drive around in a vehicle that demands as much attention as The Cybertruck. What I kept telling myself was that it was going to be a massive hit, and they would be everywhere in 6 months, like the 64 1/2 Mustang. That was based on Elon's words during the reveal. "Those prices without an incentive", $39,900, $49,900, $69,900. When Elon said that, those prices were very similar to the prices of a Model 3 at the time!!!
Well, as a TSLA investor, I totally agree with how they've priced Cybertrucks. And I feel the same as you, that in due time the price will come down so they can sell Cybertrucks at high volume. But, not until they've squeezed the production to the point that they can make a profit at those lower prices.

So, I was driving a 2015 Toyota Avalon, and thought, "no way I want to drive this for another 4 years". I waited until the day $7500 P.O.S. was available and bought a new Model Y LR from inventory. I'm so damned happy with it, I can "almost" think I may not buy a Cybertruck. But, in the next couple of years, EV tech. is quickly going to change. So we shall see.

I do own a YP, 3, and X, so waiting is pretty easy. If I want to drive a Tesla, I have options. The YP taught me in real time about Elon's master plan of cost and price cutting. I did not want to repeat that with Cybertruck. Its more palatable with the YP, because I got substantially more for my trade in, than I could have at another time in history, and a lower interest rate, so that purchase still worked out fine. Still don't want to buy a Cybertruck, and have prices slashed $30k in a year. I don't know the timing, but prices will come down.

 

[SCTesla]

More FUD to bring down T$LA, Elon said that there are people waiting to take delivery but will have to wait a bit because he is going to donate their CT for the LA Fire recovery.

There are 2 million Reservations to go through, it takes time. Stop being cheapskates and pony up what is being asked. Elon and Tesla are losing money on each of these already. Besides, there is no better option for you right now, just this. I’m not sure why every other cars out there isn’t a CT…. Smh

The reservation list for AWD and CB are finished. You can buy a 2025 today from inventory.

They aren't losing money on each truck, they were profitable in Q3.

There's still a list for RWD.

 

[koolio]

The reservation list for AWD and CB are finished. You can buy a 2025 today from inventory.

They aren't losing money on each truck, they were profitable in Q3.

There's still a list for RWD.

I remember Elon saying (think both was on X, or one might have been Q3 earnings call):

1. Cybertruck is already cash flow positive (think this was from the 24Q3 earnings call)
2. They need to get the cost of down (he was referring to retail price) - on X.

 

[YDR37]

I remember Elon saying (think both was on X, or one might have been Q3 earnings call):

1. Cybertruck is already cash flow positive (think this was from the 24Q3 earnings call)
2. They need to get the cost of down (he was referring to retail price) - on X.

Tesla did announce that the Cybertruck was profitable in 3Q 2024. But keep in mind that the only CTs available in 3Q were Foundation Series, at $100,000 (AWD) and $120,000 (CB). So the average selling price was somewhere in between -- probably closer to the AWD price, because AWDs are less expensive and probably more popular. Say $107,000.

In 4Q 2024, Tesla introduced the non-Foundation CT, at prices that were $20,000 lower. Most CTs sold now are probably non-FS, at an average price probably around $87,000 (actually that figure would be slightly lower if you included currently available discounts).

So we know that Tesla made a profit in 3Q, while selling FS CTs that averaged around $107,000 each. That's good, but realistically the profitability situation may be a bit different now, when Tesla is selling non-FS CTs that probably average around $87,000 each (or less with discounts).

 

[Mini2nut]

I predict the $61k RWD version will be a big sales success. I’m guessing that Tesla will make the powered tonneau cover optional.

 

[cbr1000]

With the 2025s eligible for tax credit and the auto market as terrible as it is I’m not surprised, other teslas typically are discounted a bit in inventory so why not CT….plus referral credit went down too

Other full size trucks are discounted 10k plus now, even f150 raptors that are limited production are discounted now anywhere from 3k to 6k I’ve seen

Seeing the same trend in my area from other vehicles in same price range. Most everything has come down 10 grand or more over the past couple months. Vehicles that were running 90 are around the same price now as the Cybertruck. Everything that was 80 a couple months ago are around 70.

 

[Mini2nut]

The Big three have huge margins selling full size trucks. They can easily afford discounts, rebates, etc. to help move the metal. I’m sure the margins are thinner on the CT.

 

[HaulingAss]

The Big three have huge margins selling full size trucks. They can easily afford discounts, rebates, etc. to help move the metal. I’m sure the margins are thinner on the CT.

The big three? I haven't heard that term used in a while!

But legacy auto has more EV trucks on lots (by far) than Tesla has unsold inventory. And those legacy EV trucks were unprofitable before they started applying large incentives in an attempt to move them off the lots. With the incentives, they're losing tens of thousands for every truck they need to sell. My point is, it's unclear how much room they have to discount their ICE trucks, because they have to make up for the losses in their EVs. Sure, they sell a lot more ICE vehicles than EVs, but it takes multiple sales of discounted ICE vehicles to make up the losses on one discounted EV.

You speak as if everything is hunky-dory in the legacy auto world. It isn't. I think they are mostly still headed for bankruptcy, even if Trump successfully repeals whatever he calls the "EV mandate".

Here's why:

EVs weren't the fasted growing segment of the auto market because people were being forced to buy them, it was because people wanted to buy them! And with battery prices on a long-term downtrend, and ICE car prices on a long-term uptrend, the government incentives and 'mandates' will not be necessary for the transition to EVs to continue. ICE vehicles have been declining for many years, and it has little to do with mandates and everything to do with changing consumer preferences (now that EVs are better than ICE). I've been arguing this since at least 2019 and people are finally starting to figure out just how good EVs actually are (compared to ICE vehicles).

The trend towards EVs will continue without government mandates.

We didn't need goverment mandates to switch from steam engines to diesel-electric. How many steam engines do you see out and about? Better always wins.

 

[SolarWizard]

It's not.

There are no $74k trucks in inventory, so why would you or anyone believe the rest of what they say on this subject?

That doesn't support the title of this thread, $74,000 Cybertrucks in inventory. It's a made-up number.

Just dropping in for an update

 

[HaulingAss]

Just dropping in for an update

it's still a false narrative. But if you include the $7500 tax credit, the actual cost can get down to about $70K. That's a great deal for a 4x4 pickup, especially for anyone that needs a very capable 1/2 ton truck, especially if you want best in class off-road capabilities and low monthly operating expenses.

And who doesn't want that?

 

[koolio]

it's still a false narrative. But if you include the $7500 tax credit, the actual cost can get down to about $70K. That's a great deal for a 4x4 pickup, especially for anyone that needs a very capable 1/2 ton truck, especially if you want best in class off-road capabilities and low monthly operating expenses.

And who doesn't want that?

I’m willing to bet a large majority of CT shoppers / buyers don’t compare or really know the cost of an ‘equivalent’ truck is similar or more than a Cybertruck. Thus, making the CT a really good deal.

Personally, I never considered a pickup truck until CT, and I didn’t bother to price out an equivalent truck (except for a Lightning, but that was only out of curiosity). I just knew rough ball park prices.

 

[Macgreiner]

Even if the competitors had better vehicles (which they still do not), I don't think I could ever darken the lot of a stealership ever again.

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