Key Takeaways
1. Tesla has recalled all Cybertrucks made between November 13, 2023, and February 27, 2025, due to safety issues with the cantrail trim detaching while driving.
2. A total of 46,096 Cybertrucks have been delivered, which is much lower than the expected 500,000 annual deliveries projected by CEO Elon Musk.
3. The recent recall indicates ongoing sales challenges for the Cybertruck, despite qualifying for a $7,500 federal tax credit.
4. Tesla has tried various incentives, including free wraps and lower financing rates, to boost Cybertruck sales without significant success.
5. The future may improve for Tesla with the upcoming launch of the more affordable rear-wheel drive version of the Cybertruck, starting at $61,000.
Tesla has issued a recall for all Cybertrucks manufactured between November 13, 2023, and February 27, 2025. The problem involves the cantrail trim detaching from the electric vehicle while driving, which could create safety issues, especially at higher speeds. Since this isn’t something that can be fixed with an over-the-air software update, Tesla is urging all owners of the 46,096 units already delivered to visit a Tesla service center for a complimentary replacement of the defective part.
Sales Insights
Tesla hasn’t been detailing its vehicle sales by individual model for some time, but this recall has shed some light on how well the Cybertruck is doing. After over 15 months in production, the company has managed to recall only about 46,000 units, which is significantly lower than CEO Elon Musk’s forecast of 500,000 deliveries annually.
Sales Challenges
A more concerning aspect is that the Cybertruck qualifying for the $7,500 federal tax credit this quarter has not resulted in increased sales. Tesla has also experimented with various incentives, like free wraps, supercharger access, and lower financing rates to attract buyers.
Future Prospects
Nonetheless, Tesla might see a positive change later this year when it launches the rear-wheel drive (RWD) version of the Cybertruck. This more affordable model is priced starting at $61,000.
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