SpaceX Dominating Tesla Cybertruck Sales

If Tesla Cybertruck sales didn’t look bad before, they sure do now. Apparently, SpaceX has been buying a huge chunk of them.

There haven’t been many sales in recent months, but Musk’s companies have been buying them, especially SpaceX. According to a Bloomberg analysis, 18% of Cybertruck registrations in the 4th quarter — 1,279 of them — were for SpaceX. Other Musk companies bought 60 more of them.

I’m sure they engaged in completely competitive, fair, unbiased EV procurement processes and didn’t just buy up Cybertrucks to help Tesla with a big consumer demand problem and aging inventory.

But, hey, those Cybertruck purchases probably only cost a bit more than $100 million — what’s the big deal? I scratch your back, you scratch my back.

Bloomberg notes that Cybertruck registrations would have been down 51% in the 4th quarter if it wasn’t for those Musk company procurements.

Those other companies aren’t going to be able to buy Cybertrucks like this every quarter. We’ll see what happens in coming months….

The business news outlet also reminded us that Elon Musk originally intended to sell 250,000 Cybertrucks a year by 2025. It sold about 17,000. Is there any wonder Musk is turning his attention to totally different products — robots, robotaxis, and AI — now? Plans from a few years ago sure aren’t getting realized.

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