Even Tesla Doesn’t Want Cybertrucks

The Cybertruck is so unpopular at this point even Tesla doesn’t want them as trade-ins. As the automaker is dealing with a huge oversupply of the all-electric pickups, it has ramped down production. But there are apparently so many used examples being traded in by owners, the company has had to cut them off entirely.

Lucid has gobbled up some of Nikola’s old assets.

Some are reveling in this news as Tesla reportedly is sitting on $200 million in unsold new Cybertruck inventory, according to Electrek. It’s almost like the weird all-electric pickup had only niche appeal, thanks in part to its design, the fact it’s an EV, and the lofty price, so it’s hit market saturation rapidly.

While some attribute the oversupply of Cybertrucks to Elon Musk’s political stances, we’re not so sure it’s a cause-and-effect relationship. After all, Dodge, Ford, GM, and other automakers have also been dealing with ballooning inventories as dealers can’t sell vehicles nearly as quickly as before.

In fact, different assembly plants have been idled, with more production stoppages planned, because consumers simply aren’t buying like they were.

We don’t know if this has affected Tesla’s willngness to accept any of its other vehicles – the automaker won’t comment on such matters. But we have heard from dealers that the market for Cybertrucks is exceptionally soft, surpassing the softened EV market in general.

One might conjecture the Cybertruck’s funky design, while original, will age like cottage cheese left on top of the furnace. That hardly surprises us since we sincerely thought at the reveal Elon Musk was just joking and the real concept was going to be rolled out at any moment.

At the same time, the Cybertruck might be a canary in the coal mine as other expensive rides with narrow appeal, like the C8 Corvette, struggle to sell. The whole industry could be entering a period of lower new vehicle sales thanks to several factors coming together.

Image via Tesla