Is Cybertruck demand dwindling?

[Cyber Man]

Ugh enough with warranty feud guys! I have never seen @CyberGus so angry. Let’s stop it before he loses his sense of humor! ?

Quick side update from my side for a distraction - I took a break from the forum as I bought a 410 mile range Rivian R1T with performance pack (0-60 in 3.5 secs), thinking I’ll use it for a few years while I wait for non FS Beast invitation, which I thought would take several years because of the DEMAND. I just sold R1T and put the order for the Beast! ?. Make no mistake, R1T is very good, but CT suspension, ride quality, and steer by wire are at a whole new level.

Screw demand, warranty fine prints, politics, polarized looks, flipping fingers, depreciation cost, tax benefits, shipment delays, and 101 negative false or factual things. I have done insane research on every EV truck out there. There is no other vehicle on the planet that drives better than Cybertruck AND has Truck capabilities in a footprint that fits inside 20’ garage. I humbly request anybody to disprove this claim.

If you don’t believe me, go test drive one - it’s a magnificent machine! I can’t wait to have the Beast in my garage soon!

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[devdrone6]

Well, this went off topic a bit. Let's get on topic - yes the demand will die down from initial release. Once the media attention is away from the billion things "wrong" and billions of "recalls" with the CT, and interest rates go down, demand will return.

 

[Cyber Man]

Well, this went off topic a bit. Let's get on topic - yes the demand will die down from initial release. Once the media attention is away from the billion things "wrong" and billions of "recalls" with the CT, and interest rates go down, demand will return.

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!

 

[CyberGus]

I have never seen @CyberGus so angry. Let’s stop it before he loses his sense of humor! ?

I’m not angry, I’m hangry

 

[CyberPlaid]

Prediction: 4th quarter push, we will see a drop in price for the AWD to 72,500 or less. Tesla KNOWS that most people are waiting for that shoe to drop. We know it ain't going to happen this year due to battery chemistry and currently they are looking to move a ton of them. The CB may see a slight decrease but not counting on it. Tesla will make the "discount happen". Hide and watch.

 

[zachsmith]

Prediction: 4th quarter push, we will see a drop in price for the AWD to 72,500 or less. Tesla KNOWS that most people are waiting for that shoe to drop. We know it ain't going to happen this year due to battery chemistry and currently they are looking to move a ton of them. The CB may see a slight decrease but not counting on it. Tesla will make the "discount happen". Hide and watch.

I hope you’re right. $98k out the door is a bit too steep for me to justify, especially since I suspect EOY deals might be imminent. I suspect that without the tax credit, demand isn’t quite matching supply although that’s just a guess of course.

instead of a discount, low financing rates like the 3/Y would do the trick for me.

 

[HaulingAss]

Back to CT demand. I think their demand is the same as any other pickup in the current pickup market. There's a ton of inventory across the board. Must haver's got their CT. Remaining people are waiting for better pricing/deals, cross-shopping less expensive EV trucks, or require more range and waiting for the extender.

I don't think there is significant Cybertruck inventory. I see 4-6 Foundation series of various configurations down in the Florida area and Tesla hasn't even bothered to add the non-foundation Cybertrucks to inventory, presumably because they are matching them up with new orders.

Compare that to the thousands of pickups on dealer lots all over the country.

If Tesla has significant Cybertruck inventory, then where are they all sitting (and why doesn't Tesla list them online so buyers know what's available)?

 

[HaulingAss]

Prediction: 4th quarter push, we will see a drop in price for the AWD to 72,500 or less.

That's not going to happen for one very simple reason: Unless Tesla has just reconfigured the production line in a major way, an AWD for $72,500 would well below the cost to make it. Elon knows there is not much point in selling products at a loss unless they have to.

That means, if there is indeed an end of year shortage of buyers (and I'm not convinced there will be), Tesla will stop production to revamp the line and make it cost less to build. This will create a demand backlog and they won't have to drop the price that dramatically.

I think people are still just starting to realize what a great truck this really is. One example: deliveries in Canada just started a week ago. Now the same Texas production line will have to serve more buyers than before.

 

[WormtownKris]

I keep wondering the same thing... Why are there so many people that DO NOT OWN CYBERTRUCKS on the 'CyberTruckOwnersClub' site?

I think the moderators need to start looking at them... AND maybe make NEW users prove (in some way) that they DO own one... We don't need a bunch of people spreading fake information and negative narratives...

I respectfully disagree on such an absolutist policy. There are many Tesla fans, CyberTruck fans, CT reservationists saving money/ procuring funds that are members or may want to be members. Not every non-owner is a FUDster or troll. You may deride them as wannabes, but their opinions can be informative and they can gain insight on their future purchase, even if it's little more than a pipedream at this time.
Personally, I'm a first night reservation (approx 18k in, RN112764...) and am about $10k off from what I want to put down and finance. 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.
Sidenote: In Massachusetts they have an EV rebate scheme that hoses CT owners. $7500 rebate with a $80k cap, but they count MSRP plus destination fees, so CT at $79,990 doesn't qualify. (But a Hummer qualifies for $15,000 with no max MSRP just because it's so heavy. MA counts it as a Class 3 vehicle, not Class 2 based solely on GVWR!!!) If Tesla happened to drop the price by $3k, that saves Massholes $10,500, and I order on the spot!!

 

[CyberPlaid]

I hope you’re right. $98k out the door is a bit too steep for me to justify, especially since I suspect EOY deals might be imminent. I suspect that without the tax credit, demand isn’t quite matching supply although that’s just a guess of course.

instead of a discount, low financing rates like the 3/Y would do the trick for me.

The problem with that scenario is you would have to put 20% down and have perfect credit to get 0% financing. Figure 16k down and paying the sales tax, looking at north of 20k. That disqualifies the majority of buyers. For me, I'd rather put 10k down and take the additional 6-10k and put into TSLA. I'd just take the discount on the front end.

 

[CyberPlaid]

I will say I am buying regardless of any discount in the first quarter of next year. The truck really is amazing tech and fun to drive. Worth every penny.

 

[zachsmith]

That's not going to happen for one very simple reason: Unless Tesla has just reconfigured the production line in a major way, an AWD for $72,500 would well below the cost to make it. Elon knows there is not much point in selling products at a loss unless they have to.

That means, if there is indeed an end of year shortage of buyers (and I'm not convinced there will be), Tesla will stop production to revamp the line and make it cost less to build. This will create a demand backlog and they won't have to drop the price that dramatically.

I think people are still just starting to realize what a great truck this really is. One example: deliveries in Canada just started a week ago. Now the same Texas production line will have to serve more buyers than before.

By that logic, might we see a price increase coming? It seems the current price was set because of the tax credit cap but if that’s not going to be an issue, I have to wonder. If CT ever gets approved in the EU, that would be one factory supplying multiple countries. Just wondering.

 

[HaulingAss]

By that logic, might we see a price increase coming? It seems the current price was set because of the tax credit cap but if that’s not going to be an issue, I have to wonder. If CT ever gets approved in the EU, that would be one factory supplying multiple countries. Just wondering.

Anything is possible, but Tesla would rather have 2 months of demand backlog than constantly adjusting their prices up and down. I do expect wait times to build if they don't raise prices.

 

[Deleted member 17810]

Tesla doesn't need to shut down the line to cut costs on mfg and change up feature sets.

We're seeing in on the roof appliques for access to mounting points. It's literally in the design of the giga factory.


It's alot like chip binning.

 

[Crissa]

Thanks, really appreciate the inspiration. Apart from the normal bushwhacking trails overgrown on the sides, we have a lot of abandoned logging and mining trails that grow over quickly, trees right in the middle of the trail. Having come from a heavily modified Jeep with heavy gauge steel everywhere, I used to just run right over anything 2" or less without thinking about it, and ...

This sort of behavior starts notable number of forest fires.

-Crissa

Edit: I understand the usefulness of it, just mentioning a danger people often neglect to mention.

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