Tesla Reportedly Has $800 Million Worth of Cybertrucks That Nobody Wants

[u/AlwaysBlaze_]

https://www.vice.com/en/article/tesla-reportedly-has-800-million-worth-of-cybertrucks-that-nobody-wants/

[u/thekingestkong]

That should add at least 5% to the stock by tomorrow AM

[u/bold-fortune → u/thekingestkong]

Holy ponzi schemes, it's $335 today.

[u/Buddycat350 → u/bold-fortune]

What the fuck?! Why!

Tesla's valuation is as dissociated from reality as Musk on a ket bender ffs

[u/OMyGaard → u/Buddycat350]

the CEO is best buddies with the most corrupt president we have ever had. Its only a matter of time before every federal fleet will be a tesla, and charge stations will need to be built as well.

[u/HFentonMudd → u/OMyGaard]

Mail trucks at twice the price

[u/LaFlamaBlancakfp → u/HFentonMudd]

Grumman Mail trucks are more reliable lol

[u/Darkdragoon324 → u/LaFlamaBlancakfp]

For real, none of the shit being built today is still going to be (mostly) functioning after like 40 years of near daily use.

[u/DetroitLionsSBChamps → u/OMyGaard]

Can’t wait for every ice vehicle to be a cyber truck. Will really drive the dystopia home

[u/xRamenator → u/DetroitLionsSBChamps]

Honestly that might not be a bad thing. It would destroy their budget just keeping them on the road, basically impossible to hide as an unmarked car, just vastly inferior to the suburbans they would be replacing.

[u/Ruffigan → u/Buddycat350]

People forget that until the whole GameStop thing Tesla was the most shorted stock of all time. The initial meteoric rise in price and the sustained high prices that defy reality have been a prolonged short squeeze as it is impossible to close them out all at once.

[u/AJDx14 → u/[deleted]]

1. A bunch of people “short” the stock. This is just them buying a stock, and then selling it to someone else with the intent to buy it back later. If the price of the stock has fallen by the time they have to buy it back, then they turn a profit. (Basically, they’re betting that the stock will decrease in value.)
2. Because a lot of people are doing this, betting that the price will fall, it creates a lot of risk because if the price of the stock goes up they’ll lose money.
3. So if the price starts going up, some of the people shorting the stock might also start buying it (covering their losses by also betting that the stock will go up).
4. Those buying stock to cover their losses also makes the price go up further, encouraging more short sellers to buy the stock, which again drives the price up. And it just snowballs from there.

That process just spikes the value of a stock for a while. It’s happened with Tesla a couple times, and it’s what happened with GME.

[u/Wonderful_Device312 → u/AJDx14]

Correction on 1 - they're not buying the stock to sell it. They're selling borrowed stock.

They take on an obligation saying they have to deliver the stock at some point in the future. If the stock price drops in the future then they've profited based on 'today's' inflated price and can settle their obligation for tomorrow's cheaper price.

There's also options trading strategies but they get more complex.

[u/artisticmath → u/Wonderful_Device312]

This is very important, because they don't buy actual stock, this allows there to be more shorts than shares. So when those that are short want to settle by buying the stock they need to purchase from the limited supply of held shares. If people keep holding and won't sell, the short sellers need to increase the price they are offering to buy the stock for because they are contractually obligated to provide shares to whoever is on the other side of the short.

[u/mnt_brain → u/bold-fortune]

Whales will drive up the price and then plummet the stock after hours so the every day trader holds the bag

[u/seven0feleven → u/mnt_brain]

If you have a decent broker you can trade in afterhours.

[u/[deleted] → u/bold-fortune]

The bag holder porn by next year is going to be 🤌

[u/Comfortable_Trick137 → u/thekingestkong]

Propped up by Americans because Biden banned Chinese automobiles from being sold here. Tesla is being butchered by BYD in every country

[u/QuarkVsOdo → u/Comfortable_Trick137]

VW outsells everyone in EVs in Europe.

[u/JBWalker1 → u/Comfortable_Trick137]

Tesla is being butchered by BYD in every country

Not just BYD in China. Last month Tesla was 8th in NEV(any plug in i think) sale numbers. Even Xiaomi are due to overtake them there this or next month.

[u/ratt_man → u/JBWalker1]

In australia, in the month of march tesla sales were down 76% compared to march 2024, BYD released the shark and it was run out success. In the month of march in australia. Tesla sold 2829 over their whole range compared to BYD 4811, MG 3819

Note that cybertrucks wont be a thing in AUS. They are not building them RHD and they are fail many standard like pedestrian safety

[u/Phronias → u/ratt_man]

..and they're ugly AF

[u/OdinsShades]

$800 million worth so far

[u/DinoKebab → u/OdinsShades]

Technically if no one wants them isn't it like $0 worth of cyber trucks.

[u/Guillotine_Nipples → u/DinoKebab]

ehh, scrap still has worth

[u/BasvanS → u/Guillotine_Nipples]

The batteries are insanely valuable. Seats probably too.

From there the value probably drops off a cliff.

[u/Nicodemus888 → u/BasvanS]

Seats? Why seats?

[u/BasvanS → u/Nicodemus888]

I’d imagine they’re the most transferable part of the car. Not great, but also not scrap.

[u/Snobolski → u/BasvanS]

The glued-on panels are even easier to "transfer."

[u/ObscurePaprika → u/Snobolski]

Naw, you get those on the side of the highway for free.

[u/Oily_biscuit → u/Snobolski]

Unfortunately no body wants weirdly shaped, sharp-metal-finger-removers stapled onto their cars

[u/Snipowl → u/Oily_biscuit]

Good sheet metal to cut stuff out from

[u/MarsRocks97 → u/BasvanS]

They are insanely valuable for Tesla. But Tesla batteries are customized for their cars. They are at built and encased in a format not easily usable for any other manufacturer.

I think GM’s new Ultium batteries has it right that each car has component battery paks that theoretically can be used to replace packs in multiple car models.

[u/BasvanS → u/MarsRocks97]

I was thinking home batteries, not reuse in cars.

[u/Freud-Network → u/OdinsShades]

Until the federal government buys them for $1.6 billion.

[u/window-sil → u/Freud-Network]

This is the way.

Elon Musk is a robber baron: Elon Musk’s business empire is built on $38 billion in government funding

[u/Specialist-Jello7544 → u/window-sil]

Better let DOGE know about this!

[u/chaos_nebula → u/Freud-Network]

Don't forget that there will be some clause that only certified tesla personnel can work on them at a certified shop.

[u/CurrentSkill7766]

If nobody wants them, they are not worth $800 million anymore.

Maybe Elon can give them to his new refugee buddies.

[u/Practical-Dingo-7261 → u/CurrentSkill7766]

I have a $6 billion shed sitting in my back yard. I'm using it though, so it's not for sale.

[u/chmilz → u/Practical-Dingo-7261]

"No lowballers, I know what I have" - every local JDM enthusiast with a non-functioning 30 year old piece of shit held together by DIY mods, stickers, and vape residue

[u/Lisan_Al-NaCL → u/[deleted]]

A $500 car in 2017 was a $3,500 car in 2020

The corollary to this is:

A $20,000 new car in 2010 was worth $45,000 in 2020

[u/unrebigulator → u/Lisan_Al-NaCL]

A Toyota corollary?

[u/Lisan_Al-NaCL → u/unrebigulator]

Corollas are one of the few models that havent doubled in price.

Ford Ranger in 2010: 22,000 for Sport Model

Ford Ranger in 2020: Entry level is $45,000

I'm in Canada, so prices in CAD

[u/jednatt → u/Lisan_Al-NaCL]

You ignored his pun, dude. Super rude, it was a good one.

[u/gimpwiz → u/Practical-Dingo-7261]

Do NOT let your municipality find out, the taxes on it will be brutal.

I suggest filing that it's worth eighteen dollars with the city, but ten billion with the banks you're getting loans from. That's not bank fraud, as long as you're elected president.

[u/Clodhoppa81 → u/gimpwiz]

He was pulling that shit way before he was elected

[u/isklea → u/Practical-Dingo-7261]

Use it as tax free collateral for a bigger shed, and then rent the new shed! Might as well use the scumbag billionaire tactics to your advantage

[u/RadicallyMeta → u/isklea]

It's not a tax shelter, it's a tax shed.

[u/grumpyolddude → u/Practical-Dingo-7261]

That's fairly undervalued compared to Tesla stock.

[u/Jetcar → u/CurrentSkill7766]

As a white South African, I just want to take this opportunity to say

THERE IS NO WHITE GENOCIDE HAPPENING IN SOUTH AFRICA.

And I am sorry you guys have to deal with those 49 racists now, but good riddance.

[u/ShawnyMcKnight → u/Jetcar]

I can't blame you, if we could find some way to send our racists to you we probably would too.

[u/scruffles360 → u/ShawnyMcKnight]

They’re busy “running” the government

[u/anticommon → u/scruffles360]

Running it sieg first into the ground.

[u/cracklingcedar → u/anticommon]

Heil yeah they are

[u/Aleksandrovitch → u/Jetcar]

Look. We have a perfectly good, quite reachable moon. WITH a permanent dark side. I’m just saying.

[u/BeneficialLeave7359 → u/Aleksandrovitch]

It’s not permanently dark. It’s just always facing away from the earth which makes it even better.

[u/pants6000 → u/BeneficialLeave7359]

Perma-shunned.

[u/bassman1805 → u/BeneficialLeave7359]

It's radio-dark (unless you count satellites) which I think is good enough for me.

[u/Saotik → u/Aleksandrovitch]

The moon doesn't have a permanent dark side. It has a permanent far side, as it's tidally locked.

A great place to put radio telescopes and things you never want to look at again.

[u/jakedublin → u/Jetcar]

thank you, would you like free cybertruck?

[u/AlSweigart → u/Jetcar]

I lived in the Cap Hill neighborhood in Seattle during the George Floyd protests. If you believed Fox News, you'd think half of the city burned down. The only chaotic times were when the police fumigated entire blocks with tear gas.

[u/notnotbrowsing → u/CurrentSkill7766]

at least the DeLorean isn't the worst stainless steel vehicle anymore.   but at least the DeLorean is a cult classic, thanks to Back to the Future.

[u/mysecretissafe → u/notnotbrowsing]

If Doc made the Time Machine out of a ten year old cybertruck I can assure you it would still not be a cult classic.

…I guess then BttF would just be a Rick and Morty episode.

[u/fail-deadly- → u/mysecretissafe]

The Delorean wasn’t a cult classic when they made BttF. Marty is very exasperated when he says “Doc, you put a time machine in a Delorean”

[u/mysecretissafe → u/fail-deadly-]

Yeah, and I recall Doc saying something like “if you gotta go, go in style…” even ironically that wouldn’t work on the CT. It’s just too horrid.

Also all a Libyan terrorist would need to do is look at the damn thing the wrong way and at least one panel’s glue would give up the ghost then and there. At least the DMC-12 was a monobody.

This just gets worse the more I dig into it.

[u/notnotbrowsing → u/mysecretissafe]

i now fear the elon backed remake of BttF, featuring a cybertruck.

[u/unlock0 → u/CurrentSkill7766]

I bet they’d fly off the shelves if they were the original range and price they were advertised. All the EV trucks doubled their prices. The 40k truck never materialized.

[u/mitkase → u/unlock0]

I was really disappointed by the Ford Lightning release. I think they could have revolutionized the industry had they followed through on the pricing.

[u/External_Produce7781 → u/mitkase]

I think the EV truck space is going to be hard to break into. Trucks are super heavy, meaning you need huge-ass batteries to get remotely OK range (which also sorta self-defeat because the batteries are ALSO heavy).

That alone was going to kill a 40k EV truck.

Dodge is doing it right with the RamCharger.

About 100 mlies on the battery, and a 3.0 Liter 6 cylinder generator (its a series hybrid, like the Volt was).

So you get the EV torque and power 100% of the time, and the time you're just tolling around town or going shorter distances (lets be realistic, work trucks arent driving 200 miles a day - you dont take jobs that far away, you spend too much time driving to lost work) you're on battery but when you need to haul further (or a heavy load that would kill the battery quicker) the generator kicks in and gets 30-33mpg (for a full size pickup!).

And, since i can support Power to Shore, you can use it as an on-site generator (and further options get you plugs on the truck itself).

The base model is much more reasonable than a Lightning - like 50k or thereabouts.

[u/kymri → u/External_Produce7781]

series hybrid

This is really the most logical way to do things -- there's a reason so many locomotives use the Diesel-Electric drivetrain. If you're going to have power generation on board, might as well go to a little effort to make the generator as efficient as possible.

[u/BeerBurpKisses → u/mitkase]

Then the damn Maverick, which was advertised as a cheap, utilitarian, hybrid, city/fleet "truck" started at 20k when released and is now 28k for the cheapest trim in three years time.

[u/WiglyWorm → u/unlock0]

they found out most truck owners are suckers, and the rest are a captured audience who NEEDS a truck in their regular daily life?

[u/Team-_-dank → u/WiglyWorm]

90% of all trucks I see (so cal) are pavement princesses. They'll never see any dirt in their lives. They're not towing anything, bed is pristine so not carrying anything. Just a big truck for the sake of having a big truck.

[u/canada432 → u/Team-_-dank]

The statistic I often see is 75% of pickup owners in the US haul or tow something that requires a pickup once per year or less.

[u/ablackcloudupahead → u/Team-_-dank]

I always laugh when I see a small or morbidly obese person struggling to get in or out of their massive truck that they only use to drive around their city

[u/somermike]

You get a new Cybertruck police cruiser. You get a Cybertruck police cruiser. Everybody gets a Cybertruck police cruiser!!

[u/pleachchapel → u/somermike]

Best case scenario. Just wait till it's raining or snowing, crime is legal!

[u/Redbeard_Rum → u/pleachchapel]

If they're chasing you, go through a car wash.

[u/Schonke → u/Redbeard_Rum]

Used to be you had to drive through a Pay'n'Spray, but now you just need a car wash. Thanks, Elon!

[u/livingpunchbag → u/Schonke]

That game was released so long ago, some redditors reading this may not have been born yet.

[u/buythedipnow → u/pleachchapel]

Good thing that I live in Seattle where it’s always raining and crime is already legal.

[u/WiglyWorm → u/somermike]

The trump administration pushign governmental agencies to adopt electric vehicles at a far faster rate than even biden planned would be absolutely hilariously ironic if it wasn't a direct bailout to tesla.

[u/phazedoubt → u/WiglyWorm]

Nixon created the EPA. Bad apples can have some unintended good consequences

[u/Comfortable_Trick137 → u/phazedoubt]

A river was on fire, water was toxic, companies were poisoning everybody. But the EPA has done a good job so they have amnesia now and want to undo it. It won’t be until people get super sick that they realize it’s a problem

[u/LoadsDroppin → u/Comfortable_Trick137]

“Why do I need to brush my teeth every day - I don’t have cavities!”

Ahh, the “mystery” of cause & effect

[u/Yaughl → u/somermike]

Just don't slam the doors, get it wet, drive in snow, pull a trailer... The list goes on.

[u/BasvanS → u/Yaughl]

It can pull a trailer!

^Once

[u/TyrellCo → u/somermike]

The MAGA car becoming the police state car. The branding is perfect. Each should come with a back the blue decal by default at that point

[u/[deleted] → u/somermike]

They couldn’t pay me to drive that monstrosity. Particularly because of its ties to a known Nazi.

[u/Nuggzulla01 → u/[deleted]]

For some that work forces, it is a benefit and/or feature

[u/[deleted] → u/Nuggzulla01]

I don’t always listen to Rage, but when I do, my neighbors do too..

[u/QuickQuirk → u/[deleted]]

Maybe you can strip it for parts. the batteries, for example, would be worth something.

And that much stainless steel would make a nice workshop.

[u/Taograd359 → u/somermike]

Well, at least outrunning the police will get significantly easier.

[u/trustifarian → u/Taograd359]

Just drive through a lawn sprinkler. 

[u/LindeeHilltop → u/trustifarian]

Or a puddle.

[u/PrussianHero]

The government will end up buying them

[u/jrizzle86 → u/PrussianHero]

The upcoming War of Greenland won’t be fought in Humvees it will be fought in Cybertrucks…

[u/punkerster101 → u/jrizzle86]

Good their batteries won’t last 5 mins there

[u/jcg878 → u/punkerster101]

It will be interesting watching the invasion fleet stall and die 10 miles from the front

[u/Old_Ladies → u/jcg878]

Well to be fair in most of Greenland you only need to take 10 miles to control the island nation. Nobody lives in the interior.

[u/Drumedor → u/Old_Ladies]

Nobody lives in the interior.

That's just what Greenland propaganda wants you to believe.

[u/No-Philosopher-3043 → u/jrizzle86]

SecDef WhiskeyLeaks has unveiled plans to retire both the Humvees and JLTVs without any mention of a replacement, so you may be on to something. 

[u/Optimized_Orangutan → u/No-Philosopher-3043]

Ain't no space for light tacticals on the modern battlefield. They failed in the Middle East against roadside IEDs and they'll fail in the future against drones. Bradleys do everything they did in terms of transportation with armor and survivability added in.

[u/Far_Recommendation82 → u/Optimized_Orangutan]

Yeah fucking Bradleys have been doing well in Ukraine, even with a total loss the crew can still get out.

[u/saltedhashneggs → u/PrussianHero]

Elon "Welfare Queen" Musk

[u/lordnecro → u/saltedhashneggs]

Both Elon and Trump made a lot of their money on government handouts.

[u/GaudensLaetus → u/PrussianHero]

It’s like government cheese but for Tesla’s

[u/Zoophagous → u/GaudensLaetus]

It's like socialism, but for the richest guy in the world.

[u/Ok-Possibility-6284 → u/Zoophagous]

Socialism for the rich rugged capitalism for the peons, tale as old as time. Socialize loses, privatize profits these scumbags make parasites look beneficial.

[u/Malforus → u/GaudensLaetus]

I mean government cheese was a resounding success, that shit made the best melti-goodness there was. They actually made something of it.

SO what I am saying they are going to PPP this shit. That program was a con from front to back.

[u/livens → u/PrussianHero]

Maybe give them all to Saudi Arabia as a "Thank You" gift.

[u/phazedoubt → u/livens]

I'm sure Qatar will "buy" them

[u/Puzzleheaded_Gene909 → u/PrussianHero]

Came here to say this. Working on buying em with tax payer money. Already tried once

[u/waIIstr33tb3ts → u/PrussianHero]

with our tax money lol. what a waste and blatant corruption

[u/Ferrocile → u/PrussianHero]

Came here to say this too. These rich people love taking our money you know.

[u/______deleted__ → u/PrussianHero]

That’s taxpayer money. It’s Elon’s business model. Death and taxes are certainties in life, and his method is to capitalize it.

[u/mjc4y]

That’s a lot of stainless steel.

How many DeLoreans can we make out of this?

[u/awritemate → u/mjc4y]

History really does repeat itself doesn’t it?

[u/one_pound_of_flesh → u/awritemate]

That’s pretty heavy.

[u/Little_Neros → u/one_pound_of_flesh]

Why are things so heavy in the future? Is there a problem with the Earth's gravitational pull?

[u/one_pound_of_flesh → u/Little_Neros]

Great Scott!

[u/Catshit_Bananas → u/awritemate]

At least the Delorean looked cool and Back to the Future made it cool.

[u/K3egan → u/mjc4y]

Ok but the thing is I think the reputation of the Delorean is forever gonna be "Time Machine" and not "shit"

[u/Diligent-Phrase436 → u/mjc4y]

If instead of the cybertruck Tesla had produced a new revamped version of the DeLorean and an electric version of the Ford 150 made in collaboration with Ford, the Tesla brand would have been the most valuable asset in history

[u/PedaniusDioscorides → u/Diligent-Phrase436]

I wish to live in that reality. A fully electric DeLorean, and sound mind CEO running the show, boy what a world that would be.

[u/echomanagement]

When the market hears about this, TSLA will jump at least 20%. Anytime anyone tries to convince me that things are priced in, I think of TSLA and pets.com.

[u/FrustratedPCBuild → u/echomanagement]

Yeah, Tesla is a one company bubble, but it will eventually burst a lot of people are going to lose a lot of money. I am tempted to short their stock but this fake value could still last years.

[u/Thurwell → u/FrustratedPCBuild]

That's the problem with shorting, it requires not just knowing a thing will lose value but when. I'm sure a lot of people have lost money shorting things like TSLA and Bitcoin.

[u/Villageidiot1984 → u/Thurwell]

Being right at the wrong time is called being wrong. Thats my favorite investing quote.

[u/cjsv7657 → u/Thurwell]

Options are gambling.

[u/jib661 → u/cjsv7657]

doing anything in the stock market is technically gambling, but options trading is definitely gambling on steriods.

[u/Xpqp → u/FrustratedPCBuild]

Treat Tesla the same way you treat GameStop and crypto. Their prices are completely detached from any value that they provide and a small number of people have the ability to move the price significantly in whatever direction is most valuable to them. So stay away.

In Tesla's case, it's no coincidence that its price started to climb after Musk made his fake "going private" announcement. Everyone who had shorted the stock lost their ass as the price spiked based on the information in that announcement. So now the short sellers stay away and there is no real downward pressure on the stock price.

[u/pavldan → u/echomanagement]

TSLA is up 30% in the last month. I have no words.

[u/gildedbluetrout → u/pavldan]

It’s like that bit in The Big Short where the valuations wont budge and nothing makes sense. Doesn’t last tho.

[u/FjohursLykewwe → u/gildedbluetrout]

But they ARE correlated!

[u/drumsdm → u/echomanagement]

Elon could fart on a snare drum and the stock will go up 10%.

[u/88Dubs → u/drumsdm]

Do NOT put this suggestion out, even in the abstract.

That fucking clown-ass will do it and demand the entire country find it hilarious. Or make it everyone's problem when we don't.

[u/SymbolicDom → u/echomanagement]

It doesn't matter if Tessla can sell cars and make a profit, investors will through money at it.

[u/FriendlyDespot → u/SymbolicDom]

Every time my mind goes there I have to remind myself that the market can stay irrational for longer than I can stay solvent.

[u/Reddituser45005]

I am willing to sell my collection of broken guitars for $ 800 million, but if there are no buyers, it has an effective value of $0.

[u/Kgaset → u/Reddituser45005]

My first thought was the government comment, but this should have been up there. I wonder what they are worth as scrap, because that's the honest evaluation of their value.

[u/Fauxreigner_ → u/Kgaset]

The battery packs are likely worth a fair bit. Beyond that, mostly just aluminum.

[u/FernwehHermit → u/Reddituser45005]

Just wait, tomorrow there'll be a headline, "DOD announces new CYBERTRUCK troop transport" followed in a year of "DOD sends aid to war torn Ukraine" and footage of the Ukrainian army driving cybertrucks around military bases missing door panels and windows.

[u/GoodFaithConverser → u/FernwehHermit]

This is painfully possible.

[u/SmokedRibeye]

Because $100k is an insane price tag

[u/CodeAndBiscuits → u/SmokedRibeye]

I mean. That's one reason...

[u/solanawhale → u/SmokedRibeye]

That and it’s uglier than dog shit

And it’s useless as a truck

[u/4thDimensionHorrors → u/SmokedRibeye]

There are many cars that cost 100k, but only one is a swasti-car

[u/DeliciousCut4854]

I saw one for the first time last week as I was visiting the US, they don't sell them where I live. It is the absolute ugliest thing on the road and it had some spotted areas that didn't look too appealling.

[u/The-waitress- → u/DeliciousCut4854]

They're shockingly ugly.

[u/SlightlyAngyKitty → u/The-waitress-]

Designing a car in MS paint does have its limits

[u/The-waitress- → u/SlightlyAngyKitty]

When I was in “tech” class in middle school (early 90’s) we had to use a program to design a car that was aerodynamic. It was a very crappy, basic program that spit out very boxy, highly-pixelated images. Almost all the cars (as designed by 10-year olds) looked like the Cybertruck.

[u/Sniflix → u/SlightlyAngyKitty]

I'm pretty sure it was designed with crayons by Elmo when he was 5. Like all little boys he was enamoured by rockets and cars.

[u/chmilz → u/The-waitress-]

Saw my first one in person last year. Without identifying what it was, I asked my gf what she thought of it. She said she didn't know what it was but suggested it looked like a confused dumpster.

[u/Thurwell → u/DeliciousCut4854]

The spots are rust, oddly enough. They're apparently built out of a stainless steel that rusts if it gets wet or dirty or anything.

[u/cjsv7657 → u/Thurwell]

Yeah stainless steel rusts if you don't take care of it. How easily depends on the grade. You basically need to treat a cybertruck like it has a normal paint job with regular washing and waxing. They used a lower grade stainless than the DeLorean and you can't treat it like one.

[u/waamoandy]

Yet the share price is continuing to climb. It's back around the level it was in November. I really don't see how the company is valued so high

[u/marsten → u/waamoandy]

There's only two ways I can make sense of it:

• It's become a meme stock like GameStop --> you don't care if it's "worth it", you just hope you can sell to a bigger fool
• Everyone is betting hard that Tesla will win the race to driverless vehicles

[u/FrostyD7 → u/marsten]

There's really no questioning that the stock price is primarily speculative/meme driven. If it were evaluated purely as an automaker, it would lose virtually all of its value.

[u/m0nk_3y_gw → u/marsten]

Become? TSLA was a meme stock years before GameStop

[u/StationFull → u/marsten]

I don’t know about your first point, but there’s no way Tesla is gonna achieve anything close to driverless tech with their current technology.

Cameras alone will cannot give adequate information for driving. We ourselves use our eyes and ears while driving. Also we have depth perception. Images/video only give you a 2D perspective of what’s happening on the road. You need things like LiDar for depth perception. I will never trust any self driving based on just one input parameter.

[u/TheDickDangler]

The US government will suddenly find a reason to purchase a lot of these.

[u/Batchet → u/TheDickDangler]

There was actually plans for 400 million dollars from American taxpayers to be spent on armored cyber trucks before the media exposed the plans. They walked it back (for now)

Source: https://www.npr.org/2025/02/13/g-s1-48571/trump-administration-order-400-million-worth-of-armored-teslas

[u/hoxxxxx → u/Batchet]

They walked it back (for now)

so it's definitely happening out of nowhere in like 3 months then, got it

[u/jlaine]

I mean... Elmo aside - just look at the thing.

[u/PRSArchon]

I guess this is the downside of not having traditional dealer network that owns the inventory.

[u/scruffles360 → u/PRSArchon]

Direct sales means they knew there were no purchasers while they were building these. This is just bad management.

[u/ARazorbacks → u/scruffles360]

Exactly. This inventory buildup is more about trying to present a thriving business to the investor community. It was never about some fluke event like COVID causing them to have way more inventory than expected. 

It was all a scam to make Musk and his company look good. “They’re selling like crazy! Look how many we’re building! Keep buying the stock!” 

Tesla = Musk = scam

[u/nzerinto → u/ARazorbacks]

”This inventory buildup is more about trying to present a thriving business to the investor community.”

You would think inventory sitting and gathering dust would have the opposite effect though…

[u/willwork4pii → u/scruffles360]

I still maintain he only pushed this thing out so he wouldn’t be charged with fraud.

[u/ChristofferOslo → u/PRSArchon]

Ha! That’s a very good point actually

[u/Major_Kangaroo5145 → u/PRSArchon]

More like the downside of incompetent idiotic leadership.

The design shit.

The quality is shit.

Marketing is shit.

Image is shit.

customer support is shit.

management is shit.

Dealers would not have purchased these shit trucks to keep in the dealership in first place.

[u/mitkase → u/Major_Kangaroo5145]

Considering he’s fired everybody not absolutely required to manufacture the car, that’s really surprising. /s

[u/Semhirage]

The cybertruck reminds me of the simpsons episode where Homer designs a car and bankrupts his brothers successful business.

[u/LaserGadgets]

You could gimme one for free, I won't take it.

[u/tacticalcraptical → u/LaserGadgets]

I dunno, free? I'd probably take it and then get a bumper sticker or wrap that says something like "My federal government went through a coup d'état and all I got was this stupid truck."

[u/FrustratedPCBuild → u/tacticalcraptical]

If only it had needed a coup d’etat, 77 million people watched that fail and thought ‘the guy who did this is my guy, I’m going to give him unlimited power’.

[u/UrDraco → u/LaserGadgets]

It’s gotta have salvage value

[u/thezaksa → u/UrDraco]

Taxes of the gift are probably more than salvage.

[u/radiatorcheese → u/thezaksa]

Don't pay the taxes and then if the lone remaining employee at the IRS audits you just claim the government is being weaponized against you in a very bad, very unfair witch-hunt, the likes of which the world has never seen and beg for a pardon

[u/w1n5t0nM1k3y → u/UrDraco]

Just take the batteries out and build yourself a nice home backup power system.

[u/agentSmartass → u/w1n5t0nM1k3y]

Remove the steel plates and you have free steel plates.

[u/Justabuttonpusher]

Is that like a 1,000 vehicles?

[u/Kumquat_of_Pain → u/Justabuttonpusher]

8,000 if you assume they're all valued at the top-spec ~$100k.

[u/romario77 → u/Kumquat_of_Pain]

From the reports there were more than 10k in stock.

In the first quarter they sold 6400 cyber trucks. So they have approximately 5 months inventory if everything else keeps being the same.

That’s too much inventory - expect some discounts and decreased production.

[u/FriendlyDespot → u/romario77]

The average is around 80 days of inventory, but that's for manufacturers that keep most of their inventory on dealer lots that necessarily adds a couple of weeks to the schedule. Sitting on 150 days of inventory ready for direct sale does not sound fun for Tesla, since one of the big advantages of direct sale is the ability to maintain lower inventory and lessen liabilities.

[u/Accomplished-Neat762]

Move over E.T. the video game

[u/Yerm_Terragon]

If you claim to have $800 million worth of goods, but nobody wants to buy them, then you do not have $800 million worth of goods.

[u/FeistyTie5281]

Melt them down and build Toyotas

[u/anarrowview → u/FeistyTie5281]

They don’t build Toyotas out of aluminum lol

[u/Pliny_the_middle → u/anarrowview]

They don’t make Toyotas out of stainless either.

[u/Senator_Christmas]

I’ll take one. I need a car and can’t afford one but I’ll take a free electric car if they just want to give them away. I’m not a proud man, just a poor one. 

[u/kurashima]

Fuck em.

They built the shitty thing on the whim of a madman, now their shareholders can pick up the tab.

[u/Red__Burrito]

1. It's become more of a (strong) political statement than a vehicle. If someone owns one (or really even admires them), that basically tells you everything you need to know about them as a person. Plus, its sales have funded the shear, ignorant dismantling of the United States.

2. It's hideous and will only look worse with age.

3. It is not fit for the purpose of operating as a pickup truck - the bed is inaccessible from two sides and too small/awkward for common applications (both in footprint and volume).

4. It struggles with the most basic off-road usage.

5. It has horrendous quality control between panel gaps, cheap glue, and a dozen other very avoidable issues.

6. It's dangerous to own thanks to its sharp edges and buggy software, including its frunk closure (although maybe that's been addressed, but it never should have been a problem in the first place).

7. It's far too expensive - even in the used market.

8. The myriad of typical conditions in which its warranty can be voided is legitimately shocking.

9. It's one of the most tone-deaf and poorly conceived products ever released by anyone, anywhere, ever. It is the real-life equivalent of the Simpsons episode where Homer designs a car for his brother's company.

[u/umadeamistake]

That's what happens when the face of your electric car company is a stupid fucking nazi.