Summary
Tesla is struggling to sell its Cybertruck, even after applying discounts of up to $6,000. Inventories are piling up in the U.S. and Canada, with demand falling short of expectations.
The 2025 model qualifies for a $7,500 tax credit, but the 2024 model—still in stock—does not. There are also concerns that the tax credit may soon be eliminated.
Tesla’s goal of producing 250,000 Cybertrucks annually seems unrealistic, and analysts suggest a cheaper single-motor version may be needed to stimulate demand.
The Cybertruck’s hype appears to be fading.
Tacoma’s gotten big, and the new Ranger too, but Ford has the (slightly homely) Maverick and Hyundai has the Santa Cruz, which is basically an Aussie-style Ute. The Ridgeline is getting bigger too, but I think its guts are still a unibody SUV/minivan frame that should be pretty easy to live with.
I’d love to never need a new car. My Tacoma is 10 years old and still going strong. But I doubt ill make it another 30 or 40 years. I’m hoping if I do need another vehicle I can be in a spot for an electric. Maybe one of those tiny electric trucks