Tesla Inc.’s (NASDAQ:TSLA) Cybertruck vehicles are reportedly piling outside the company’s gigafactory in Texas and collecting dust, forcing the company to resort to aggressive discounting.
What Happened: According to a report by Forbes, the company’s inventory for the trucks is piling up owing to lower-than-expected sales.
Tesla’s inventory in the U.S. still has model year 2024 vehicles in addition to model year 2025 ones. The company is now offering discounts up to $6000 on model year 2024 foundation series Cybertrucks and $4000 on non-foundation series Cybertrucks in its inventory.
The Cybertruck is one of Tesla’s more premium offerings. The vehicle starts at $79,990 for the base all-wheel drive variant and at $99,990 for the more premium Cyberbeast variant.
According to data from automotive research firm Kelley Blue …
