Tesla Sitting On Thousands Of Unsold Cybertrucks As It Stops Accepting Its Own Cars As Trade-Ins - Jalopnik
Tesla Sitting On Thousands Of Unsold Cybertrucks As It Stops Accepting Its Own Cars As Trade-Ins - Jalopnik
I will feel a lot better when their stock price goes much, much, much lower. Sure they are down 40+% in the past 3 months, but they were WAY too high prior to that.
Their P/E should be in the single digits if they were like most American companies. Until I see that, I'll know that they are nothing but a fucking chud memestock.
What's going to be really funny, is when it becomes worthless.
See, most of Elon's money is in Tesla Stock, stock that he manipulated by telling tall tales of colonizing Mars.
In order to buy Twitter he had to take out a loan for the money and use his Tesla stock as collateral. Now, the thing about that is, the stock is only able to serve this purpose because it's worth so much. If it wasn't, then Elon basically defaults on the loan.
This means he will no longer own Twitter, his bank will.
He'll be forced to sell SpaceX to cover the loans.
They're still up 25% year on year.
That was an insane rally and crash though.
Yeah, if you compare their P/E ratio to any other car company....it was and is just nuts. They are in the triple digits last I checked, while many car companies are in the single digits/low double digits.
It's gotten a tad bit closer to reality, but still needs adjustment, IMHO. I think the price of the stock should be at about 1/10th of what it is at now...I think a lot of it has to do with people buying into Musk's bullshit and whole lotta stans in the day trader manosphere.
But it has a real Gamestop vibe to me....
If you were foolish enough to buy a Tesla, and too dumb to get rid of it already, make another poor decision and go to https://stealmytesla.com/ for the final solution to your problem.
I'm imagining situations like that episode of Seinfeld with the BO car. He couldn't even get people to steal that thing.
So much crazy shit has happened this year that for an honest second, I was dead set in believing this was real. I feel like there are some people that are this desperate. But unfortunately I'm cursed with the power of reading for more than 10 seconds.
What a time to be alive
The swastikar idiots need to be called out constantly. They know exactly what they are doing. There are no coincidences. These are the willing participants in the far right agenda….
I imagine Trump will buy the useless cyberdumpsters and give them to cops to use. They are such badly engineered and frequently broken POS's I wouldnt even mind. Let "law enforcement" deal with them.
That would just make it so minorities will be driven around in that death box.
You got me there.
god i hope every cop cuts themselves on the edges
Minor correction; trump won't buy them, the American taxpayer will buy them.
I wonder if the cybertruck will be the Delorian of the future.
Well no, it won't because people actually like the Delorian due to it being redeemed by one of the greatest time travel movies ever made.
We can make it happen with the Cyber truck!
BACK TO THE FÜHRER starring Kid Rock as Marty and Musk as the Doc and the truck doesn't make it.
Here me out. What if they remaster back to the future and the plutonium guys at the beginning drive a cybertruck instead of the white truck?
Was the delorian hated? Why?
Looper, right? /s
Probably not, the Delorean was pretty cool even when it was new, I believe.
Also, a Cybertruck is massively complex, so keeping an old one running would be difficult.
Pretty sure there's probably a Killswitch built in so that it won't run past a certain date without giving Tesla more money, so once the company tanks they'll all be dead in the water.
More probably the Edsel or Yugo, but with the quality of a Lada.
Well, the production of the cybertruck certianly smashed the delorean.
Womp womp. Glued together piece of scrap plastic
Expect another round of " incendiary device" burned down our "trucks".
Insurance investigators may yet bring us some justice.
There was Dealership near me that had a bunch of their teslas keyed and damaged and smashed. Curious. Now that dealership can claim insurance money on the cars he can’t sell!
Maybe but it is up 17% right now. Are investors really this stupid?
This relates to the "zigzagging spikyness" you often see with the stock market. Each time a stock falls, many people are going to ask themselves "Hey, do I think that other people are wrong about this property being worthless? Maybe this is a good chance to buy, before they bounce back."
There's a mental appeal to the middle, it's just a question of what the correct "middle" is. That's also why many investors were cautioning people against selling during Trump's week-long tariffs (of course, if you believe the USA is on its last legs, that may be a good idea). You're probably seeing those purchases from those that feel the Tesla Takedowns will run out of steam, which is why it's important to keep them up.
How do you think previous recessions happened? They are gambling with other people their money.
Are these pieces of junk for sale anywhere outside of Trumpistan? I travel all over the EU for work constantly and I’ve never see one over here, ever.
Cybertrucks aren't street legal in stock configuration in Czechia, however I've seen one idiot on Facebook who bought one and paid about the same as the car on top of it to make it street legal. It looks even dumber lol.
I've never seen one in Australia. They don't meet the ADR (Australian Design Rules) so they literally cannot be sold except for use on private land - a farmer could drive one around their field if they so desired. When asked about international sales Musk said he didn't want to design it for a global market because that would "make the design worse" which is really saying something.
This article is from last year but still applicable. Given sales and events since then I think the title can be updated from "any time soon" to "ever", and that warms my heart a little. https://www.drive.com.au/news/why-tesla-cybertruck-not-coming-australia/
So glad we don't have the cyberfuck in Australia, the stupid massive pickups are bad enough.
EU banned them from the streets, as they arnt safe i believe, it doesnt follow thier regulations.
Well, not banned explicitly, they just didn't pass the safety regulations all vehicles must adhere to. Main issue is pedestrian safety, due to the sharp edges of the panels.
The UK won't allow them at all. Recently, someone imported one elsewhere in Europe. When they brought it to the UK, it got seized as dangerous. Even though it wasn't even UK registered. I believe several other countries view it in the same light.
I'd actually be surprised if they even fit on a lot of European roads.
I’d actually be surprised if they even fit on a lot of European roads.
Tbf that applies to a lot of the newer SUVs.
I see entirely too many of these pieces of shit in Vancouver.
They are all over the place in Norway.
Saw one in Canada
In a few decades we'll get a new Back to the Future movie.
Doc, you made a time machine, out of a cybertruck?
If this baby hits 88mph you're gonna see some serious shit...fall off.
lol
lmfao even!
The potential for multiple insurance scams is huge. I've seen 3 in the wild and no fucking thanks.
We could convert them into recycling bins.
<giggle>
Imagine fire bombing Teslas and keying them just because you don't like Musk. How sad and cult-like is that. Domestic terrorism must be worth the 20 year sentence just to hurt Musk indirectly but at the same time, most likely harming your fellow Democrats who drive the ELECTRIC VEHICLE. The man who helped popularize the EVs is now your enemy. The same EVs that Biden pushed a mandate for.
That is a cult. There can be 2 different cults, ya know. The one you're in, and the one you despise.
Imagine being such a bootlicker billionaire fascist worshipper that you can’t understand what is happening.
e: Quick trip through your comment history shows this is all you do. Defend trump’s actions. Probably if I dug back far enough you’d be attacking the push for EV, but it’s amusing watching you defend them now. Blocked.
Imagine selling EV's to a group of people then surprised Pikachu facing when you turn your back on them and tell them they are infected by empathy and a "woke mind virus."
Imagine being so full of yourself that you Nazi salute away your entire international sales because guess what, the rest of the world doesn't think it's funny either.
Imagine.
I surprised you didn't bring up trans athletes to defend your opinion
You’re gay but not in the fun way.
Cry more.
Love to see it! Good time to post my recent Tesla story: family member passed away a year ago and I got their car - older Tesla Model S that was in mint condition and had free charging for life. So I had a free car and could essentially drive it for free (ignoring insurance). Lot of nice features on it, but was clear that Tesla doesn't do the basics of car building very well. Bit noisy, a rattle here and there, exterior trim pieces that are a little loose, and window seals that drip when you go through the car wash. Not even going to go into their software, which is pretty shitty. Basically a lot of things that look nice at first glance, but kinda janky when you look more closely. Nuts that that was a $100k car when purchased new - doesn't seem to fit with reality. Anywho, I listed it for a while on Craigslist because I wanted off of the Tesla rollercoaster (for loads of reasons - Elmo, future stability of Tesla which is unknown, and having the weight around my neck of a car that I might not ever be able to get rid of in the future). Played the Craigslist game for a little while and then decided because of the tariffs coming to just go the trade-in route. Went in and traded it for a Mach E, which so far, I'm liking. Seems like a better-made car all around, is just as fast as the Tesla, and has more bells and whistles for half the price. The Ford dealership was starting to look like a Tesla dealership - the salesman said that loads of people were doing the same thing I was, including him - he had one but still had a loan to pay off but he wanted to swap his as well. He said he didn't want my car but was willing to take the trade in to make the sale, so worked out for me. What was also great is that the Hands Off protest was happening the same day right in front of the dealership (Tesla was a block up), so we listened to the sweet sounds of shouts and car horns while we did paperwork. Good stuff.
Should also note that with the exception of the Cyberdumpster owners (probably beyond help), just remember that there are lots of Teslas on the road and each of those drivers have a different story. I'm all for civil disobedience (it's definitely needed right now), but many of those owners just aren't in a position to sell/burn/destroy/dump their Tesla. Cars are expensive, and now more than ever, we're probably going to need to drive them as long as possible to get our money's worth out of them. I was in a lucky situation with mine so I could get rid of it, but just have compassion for those who can't.
Oh, I’d like to hear more about the Mach-e. I’ve only seen a few, but they look decent enough.
Go test drive one. Just don't bring your checkbook.
Congrats on getting the Tesla off your hands! You also make an excellent point about empathy.
I was part of the Tesla Takedown and can confirm there were a lot of tesla drivers honking and supporting us. 100% of the cyber-dump-truck drivers were hateful.
It was clear who fElon was when the Cybercucks were actually for sale (for those that didn’t already know, or suspect he was a lying assmonkey years before).
We had a single CyberTruck honk at us Saturday. It was a surprise to be sure.
Don't vandalize Tesla drivers' cars, they're self-vandalizing. I hate redundancy.
Has any other car manufacturer ever had a similar policy of not accepting their own vehicles as trade-ins?
No other major manufacturers sell directly to customers so no. Dealerships don't care as long as you're buying something. Many cars they take as trade wind up going straight to auction.
What is that trade-in? You give your old car to get a discount for a new? How does it work? Why does it work? I do I understood this completely wrong?
That's exactly how it works, and the dealer usually gives you a decent deal on the trade in, to make a sale.
It saves a huge amount of hassle for the buyer.
That's right. Where I am it's a tax scam to support dealerships.
If you trade in a $10k car on a $20k one, you pay sales tax on $10k. If you sell your car to someone else for $10k and then buy the $20k car, you pay sales tax on $20k and the new owner of your car pays sales tax on $10k.
Works just like that. Dealer takes your trade-in, usually paying you a decent amount less than you could get selling it yourself (this is a spot where you have rk make a time value for money decision). You apply that cash to your new car you're buying from them.
The dealer (if they are good) cleans and fixes any issues with the trade-in and either sends it to auction or sells it on their own lot.
Did you think people threw thier cars out when they bought a new one?
No. Dealerships might have said "we have too many EVs right now" to you if you came in with your Nissan Leaf when there was an over-supply. But the idea that the entire manufacturer is blanket not accepting their own car, that new.
Many Cybertruck owners reported trying to trade-in the truck for a new vehicle
It only came out in November 2023! They're already trying to trade it in? Seems like that's it's own sign of problems.
Some owners who have had their trucks in service for extended periods of time
NOVEMBER 2023!!! Nobody has had a one of these dumpsters for an extended period of time!
It only came out in 2023, and it's already been recalled 8 times.
Nobody has had a one of these dumpsters for an extended period of time!
I mean, yeah, okay, but even a few weeks is an "extended period of time" for a brand new car to be in service.
It's pretty common for wealthy people to trade in their car every year or two, keeping in mind that a cyber truck is 80k+ the demographic is people who can afford to always have a new car.
Thats hilarious
Nobody has had a one of these dumpsters for an extended period of time!
Multiple milliseconds in some cases.
I'm pretty sure I watched a very persuasive infomercial from our president on why we should buy them.
This is obviously due to the liberal media brainwashing consumers not to buy them.
OR...
It's produced by a Nazi.
It could be that this vehicle has averaged a major recall every 60 days since release.
Gas pedal detaches itself for spontaneous fully automated joy rides.
It looks like what happened if oops all polygons fucked a roll of tinfoil.
It rusts, the panels fly off, and if you take it through a car wash it'll total it.
It hasn't lived up to any of the hype or range estimates stated.
The trailer hitch is held on by the polycarbonate (plastic that went to college) frame, so enjoy causing a massive traffic fatality while towing (even within the recommended towing capacity specs).
It's 14 times more dangerous than the Ford Pinto which was on the market 3x longer and became synonymous with explosions.
Lastly, it's become a way of explicitly telling the world I have a $100,000 truck and a $10 brain.
He's not a Nazi, he's just a far-right, authoritarian, ethnonationalist, pretending to be a champion of the working class.
Wow. Post-production quality control. Such dedication.
I bet detachable gas pedals make them easier to replace.
Probably saved a lot of money in design by not having to pay a bunch of liberal artists.
Those are sacrificial anodes. They're supposed to rust. The panels are ablative hull armor designed to mitigate damage to the unibody and distract rival drivers, thereby assisting in escape. It's nice of them to incentivize water conservation.
Gotta keep the other car companies guessing.
That's a randomized defensive countermeasure.
No risk. No reward. Being this awesome comes at the risk of being a danger to oneself and others. That's a sacrifice many drivers are willing to make.
The dancers at the club really like it. I think one of them is falling for me.
(Just guessing that's how that conversation goes)
You forgot that it looks so much like a dumpster raccoons will try to break into it
plastic that went to college
Thanks, I'm really appreciating the afterlife
despite claiming
I claim myself the Glorious Leader of the Solar System. I tried to demand the Sun to fry a little less but... I'll try again later.
JAFFA KREE!
I'm no scientist, but I hear Fauci is. ..bet it's his fault.
They haven't moved for months at the Gilroy Ca dealership. There's been a line of about 20. That I bet have gone fully dead from their hazard lights going off endlessly. I wouldn't touch those with a 20ft pole. If I ever get an EV I'll just get the Mustang. Since I own a Mustang. Keep it in the family.
Have they tried covering them in garlic?
Garlic is always the answer.
To cover the stench?
If I ever get an EV I’ll just get the Mustang.
That's not a real Mustang, is it?
No. Not at all. But it’s not a bad vehicle either.
I saw one yesterday in the wild. It's unusual for where I live, we're not rich here, and being a blue state, we're not stupid, either.
Surprisingly, it still had all of it's body panels intact.
I want to hear a documentary, narrated by David Attenborough, about the wild Cybertrucks.
“As the Cybertruck sleeps, it is blissfully unaware of the approaching storm. If the thunder doesn’t wake it soon enough, it may succumb to its greatest existential threat: wetness. In the bushes, a Patriot rattles a paint can.”
Unfortunately, you'll need to settle for Whistlin Diesel for now.
Although, it was pretty entertaining in a Jackassian Park kind of way.
The whole internet seems happy about the "people" burning Teslas in protest. I am pretty sure they were all insured and given the terrible sales figures... please guess who is benefitting the most of that burning?
It's kinda dumb that people are burning EVs... vandalize them all you want but burning that gigantic battery can't be good...
Insurance isn't going to pay out it's $700 billion market cap. If this keeps up, Tesla the company won't exist any longer.
Having to make a ton of insurance claims is not a good thing.
Eventually you become uninsurable, which is a lot harder to overcome than a sales slump.
This comment has no logic... yes, maybe Tesla itself is not at a loss due to vandalism here but insurance companies would drop either Tesla (the company) as a client or deny insurance to people buying Swasticars which would make the sales slump into a sales halt
This is really bad for Tesla either way if you are willing to look 1 mm beyond
You are right, but there probably is a "safe" number of Teslas that can burn, before insurance companies drop Tesla (or increase insurance prices to make it unprofitable).
Insurance frauds, if not caught, tend to be profitable.
Edit: I just want to add that I do not have any personal experience with insurance frauds... It's just my little conspiracy theory... I won't respond anymore, must go and make my first tinfoil cap.
Insurance companies? You realize insurance isn't free right?
I mean Tesla. Just imagine, you have a lot of unsold cars and no hope that people will rush to buy them. If you lower the price, you will admit to shareholders that it's not going well and maybe your company is not worth more than the next eight biggest car manufacturers combined... So you can't lower the price, at least not enough to sell all those cars, they all take space, need some maintenance, slowly rust and lose value... Or they can just burn, and you can claim that it was all because of those far left terr... Right, someone mentioned that insurance doesn't cover terrorism, so it's all because of those damn leftist hooligans. You would probably sold all of them, but they were destroyed. Pinky promise.
Insurance fraud is really hard to hide, that's the first thing insurance companies investigate, particularly if the claimant is a car dealership. This has been a popular criminal activity for decades, my uncle used to pull this scam with his motorcycle club, they all got caught.
Insurance companies raised rates on teslas
Vehicles so shit even the manufacturer doesn't want them
My wife and I are in the market for a 3rd car because our oldest is driving to community college most days, leaving us down to one car between us. She wants an EV, so we've been shopping the local used lots. They all have DOZENS of Teslas, and they're very eager to sell them.
Definitely sucks for the people who thought they were doing the right thing by going electric and ended up driving Swasticars.
I know there's an argument that those folks should have known what they were in for by the time the Cybertruck in 2023, but some people just don't pay much attention to current events.
I drive a Subaru and couldn't tell you who the CEO is, although in retrospect perhaps I should have done more research before buying. But even without looking I can guess that it's some shitty billionaire who donated heavily to both the GOP and DNC. Subaru itself has a history that involves... Being a Japanese manufacturer during WW2.
You could also look at the Nazi Henry Ford and all of those gigantic pickup trucks clogging the US while also buying fossil fuels. It helps that Henry Ford is long dead, but are they really that much better than Cybertrucks?
I mean morally. Objectively, Cybertrucks are just badly designed and manufactured vehicles but that's separate from my point. Although if I may also rant- we already know that he used the Boring company to purposely sabotage high-speed rail projects in the US. We know that he bought Twitter not to make it profitable, but to gain power over social media. When you look at Tesla- the QC issues, the labor relations issues, the missed deadlines, the proprietary charging connector, the complete mess of a car the Cybertruck is, and how he is now very actively supporting a president who seems to be trying to destroy EV's and prop up fossil fuels... Was Elon EVER actually trying to push EV's, or was he actively trying to sabotage them? I know this is borderline conspiratorial thinking, but a lot of his madness seems to make a lot more sense in that context.
You can't participate in the capitalist system and have clean hands. It's moral compromises all the way down.
While the Texas Plate 'HAIT 88' seems like it's fake, I feel that is implied by driving a Cyber Truck. He didn't need to go through the trouble paying extra for that.
Genius. All of the expensive metals, sitting in a movable brick that is easy to break apart (actually doing the breaking apart just by driving it). Now, if the tariffs raise the prices for importing steel, tesla can offer the cybertrucks to companies to melt down and make a ton of money. 5D Jenga move.
/s
