Tesla Reportedly Has $800 Million Worth of Cybertrucks That Nobody Wants
www.vice.com/en/article/tesla-reportedly-has-80…
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So that means they have $0 of cybertrucks nobody wants?
Tesla could increase the list price by 25%, then they have cybertrucks in stock worth a billion dollar.
So genuine question: are the parts like batteries/motors safe and otherwise good enough to be used in ICE conversions? Or is there some kind of software/network boobytrap to be circumvented? The car itself is a horribly flawed surveillance box, but it seems like the flaws I've seen are mostly a sort of problem by compilation, like the finished product is worse than the sum of it's parts. Is there a chance at least that this overproduction could help provide parts for conversion vehicles?
Regardless of the arguable monetary value, capitalism as a system to allocate and distribute resources is such a scam. What a waste.
I don't disagree, but I think it's worth acknowledging that the US government could very easily regulate things so that Tesla are responsible for the financial burden they're putting on the world when they inevitably scrap these vehicles.
That doesn't address a bunch of other problems, but changing the global system of resource allocation is a hard thing, and making companies have some semblance of financial responsibility for destroying the planet is an easy thing that any government could do tomorrow. Just like how capitalism will (and did) inevitably result in child labour, but that can be (and was) outlawed directly.
I'm not trying to undermine your point about capitalism btw, just make the case that even within the constraints capitalism has, companies are getting away with an outrageous amount of destructive behavior.
That's 800 million in value. I think the cost would be considerably less. Playing with numbers.
It’s not even real value if nobody is buying it for that price. I could claim my million dollar car is sitting in my driveway but if nobody buys it for that price…
Article with basically zero content that overrides the back button? No bueno.
I’d definitely consider one if they were cheaper and Elon leaves the company.
But otherwise, hell no.
I'm just curious, but taking Elon's ahem "politics" out of it, what kind of price would you start thinking about the cybertruck? Would you choose it over another electric pickup?
“$800 million worth”?
“Nobody wants”?
Sounds like creative accounting…
They tried that in Canada and got caught. They'll get a free handy for doing it in the US under Tump though.
That’s what Trump’s big legal battle with New York was about - lying about the value of a penthouse or something.
So much of these “rich” fuckers wealth is just bullshit on paper.
I have $800M worth of lint in my belly button, apparently
Yup. Their boss controls the IRS. They'll write them off, get a bailout check, and sale the remaining trucks to the US military. Triple dip the American tax payer.
If nobody wants them, then they are worth $0.
You could definitely sell those for more than $0. The batteries alone aren't cheap.
So somewhere inbetween as the article says "more than 10,000 units" and "$800m" so they appear to be valuing them at ~$80k/unit which is ridiculously optimistic.
My guess is closer to 1/3rd of that value but nobody likes to lose half a billion in the blink of an eye
I was debating if I'd be willing to take a free cybertruck, your comment reminded me i could take it straight to the scrap yard
A while back, I read an article by a guy who had inherited a SwastiKKKar from an uncle, including free life-time charging. He didn't like the idea of driving a Tesla, but free was free.
It wasn't the reactions of others that made him throw in the towel on it, it was the poor build quality. He thought it felt cheap and rattley so he traded it in for a smokin hot Mustang. He lost a fortune over what the car was bought for, but it was free to him, so he didn't care.
Next week: US Department of Defence announces purchase of fleet of Cybertrucks.
That's just ridiculous. To spend money to remove infrastructure, out of hidden spite.
hidden?
Well barely. Their given reason is it's "not mission critical" which is a statement veeeeryyy far from "We are doing it out of spite for electric cars" or "We want our oil narrative to hold from our highest echelons of social hierarchy" or whatever other insane reason
Letting bad actors get away with excuses you are basically making up for them, is how the USA went down the toilet
Already in the works:
State Dept. Plans $400 Million Purchase of Armored Tesla Cybertrucks
You know, by stock market logic, this would mean they aren't actually worth $800m
If the stock market had anythign to do with logic Tesla wouldn't be worth more than all other car manufacturers combined
They're only worth what someone would be willing to pay for them. What's the scrap value on a cybertruck?
Simple economy actually. Supply exceeds demand, value on the market is lower.
On the stock market, you can do all kinds of fuckery to gain from this.
The photograph that says it all. Let's remember Elon Musk for the Nazi that he is.
This photo is taken out of context, though. I mean, he slapped his chest before the salute, and he did it twice in a row... Ah shit nevermind, he's a Nazi.
The hand on his heart really does make you think twice about the meaning though, just like it did with that other guy.
he doesnt look commited to it though, because hes doing the lip sucking thing that children do when they are unsure if they will get a bad reaction from it.
If nobody wants them... they are not worth that amount. simple economics.
supply and demand...
I know i would get made fun of for this but a good price is a good price. I would pay $15,000 for one. I think most people would.
Edit 2 min later - I thought better of it. No i still wouldn't want it. I wouldn't trust Tesla not to hack it at some point and take it over.
You could rip the batteries out of them and use them for a solar setup. The rest could be sold for scrap.
Probably an unpopular opinion, but I'd love to take that as a project vehicle.
Batteries for home setup (on TOU plan, so it'd be nice to charge when rates are low and discharge when high).
Then slap an combustion engine in there that just acts as a power plant for the electric motors. It'd probably be biting off more than I can chew, but it sounds like a hell of a learning opportunity and tickles my engineering/tinker brain's fancy.
Of course, after blowing something up, I'd probably focus on dissecting the drive train and using them motors for something else. I'm suddenly curious what the suspension set up is like. If they've got some crazy high tech mag-ride system, I'll bet that could be repurposed for another vehicle (pending Tesla proprietary protocols for connecting to ECU).
But now I'm rambling. The thoughts of what I could do with those parts though.
Ninjaedit: just took a look as some of the pondering above. I forgot how silly the interiors look, so def wouldn't bother with attempting it as a project car.
There are a lot of videos of the frame cracking from mild outdoor use, which instantly totals the whole vehicle.
I would pay $15,000 for one.
I would pay $15k for a better vehicle. I'm not getting in The Truck That Kills You Instantly.
I would totally take one for 15k (only if its used, never from tesla itself) take the batteries out, sell those and put the frame on a truck and drive it out to an event or protest and let people smash whats left. Let people rent a sledge hammer for a bit and vent, would be a fun and very public statement. Once thats done sell it as scrap. The batteries should alone should cover the next one.
yeah, for $15k USD I could buy an old Ranger or B3000 and have 5-10 years worth of fuel
cyber truck is a hard sell
This is exactly right. They're worthless if nobody is willing to pay what's being asked.
So what they're "worth" is nothing.
"nobody wants" or 60% of Americans can't afford basic living expenses?
Why not both nobody wants them and 60% of Americans can't afford basic living expenses?
For all we know lots of people want them but can't afford them.
Paints two completely different scenarios from the same objective base observation that there are X amount of unsold Cybertrucks.
Why is that all you know and why are you lumping us in with you?
They've got ~60% more inventory than sales (6k sold).
For comparison Rivian has 400% more sales than inventory. (14k sold).
This should be plenty of data to conclude how popular the Cybertruck actually is.
Are you comparing the same time frames? Because Rivian's sales are down 36% for Q1 2025.
I guess no one wants them either, or would a headline about Rivian invoke some other reason?
That's my point.
Rivian didn't over produce, and notably, didn't go all in with the new authoritarian regime. Also, a 36% decrease in sales is much less than having $800 million (in MSRP) sitting in lots. The R1T is a very successful vehicle if you compare it to the Swastitruck.
Even if I could afford one, or want one, which I don't for many reasons, the vehicle is so ginormous that it would be the biggest pain in the ass in the world to drive around my city. Parallel parking? Forget it. Narrow side streets that are the width of a car, but somehow you need to let someone come down directly towards you and it's not a one way? Bumpy roads full of potholes or worn down to the original brick roads, with the vehicle that's tires wear out faster than any other due to the sheer weight?
I think you get the idea
so ginormous
Tell me about it. The Cybertruck is an inch and some change longer and 8" wider than my ratty full size 1990's pickup, yet somehow manages to have only slightly over half the usable cargo volume -- 42.80 cubic feet vs. 70.7. And I'm being extremely charitable by treating the Cybertruck's bed area as if it were cubic starting from its tallest point by the back glass, when in fact it's wedge shaped.
It also weighs 3269 pounds more (in its lightest configuration) and as we all know by now the Cybertruck's towing and trailer tongue weight ratings are outright lies. Whereas millions of people have successfully lugged a combined total of billions of tons worth of boats, bikes, lawn mowers, and RV's with GM and Ford pickups over the decades.
Even for the use case for someone who "needs" a truck, the Wankpanzer is a moronic choice.
Correction. They are worthless. lol.
I'd buy them for their scrap metal and batteries if they were cheap enough for me to not feel guilty about giving money to tesla
Wait, now it's only $700 million. $400 million. $34 million... And it's $6.50.
Yeah, I guess there is someone out there who would buy a fleet of dumpster cars for $6.50.
"$800m"… If nobody wants them, they're not worth anything.
it cost them something to make...they arent completely valueless
There is such a thing as the whole being less than the sum of its parts.
cost != value
Angry Labour Value Fundamentalist Noises
Try appraising real estate for a while, it's a strong lesson in: something is worth whatever somebody is willing to pay for it. Can be higher than cost, can be lower than cost, but the willing buyer is the key to the whole valuation equation.
something is worth whatever somebody is willing to pay for it
That's a naive short-term approach to valuation.
Real value has to be measured in some kind of revenue generation, or - at least - cost mitigation. Otherwise what you're describing isn't value but expense.
the willing buyer is the key to the whole valuation equation
The willing buyer is the key to perceived value. But suckering someone doesn't increase the utility of what you sold them.
But suckering someone doesn’t increase the utility of what you sold them.
No, but what someone is willing to pay is the sum total of what a business gets income from. Whether a business is delivering tangible value (say: food) or nothing of substance (say: Bitcoin) the viability of a business, it's ability to survive and thrive in the capitalist marketplace, is 100% correlated to income willingly given vs cost of obtaining that income, and 0% correlated to "actual value delivered."
What shocks me about much of the U.S. economy is how much is spent on marketing, promotion, advertising, and sales. 0% value derived from such activity, but frequently over half the cost of things that are purchased in the U.S. is sunk in promotion.
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Can someone explain how the demographic of people who loved to park their gas guzzlers to purposefully block tesla charging stations are now Musk fanboys all of a sudden?
There is only one single core belief in fascism. There must be an “in” group that the state protects, and an “out” group that the state oppresses. There are zero other rules. This means that the definition of the in group is completely arbitrary and fluid based on what helps the strongman at the top. If you ever question the definition of the in group, you are automatically part of the out group.
In fascism, there are no opinions. There is only loyalty to the one on top of the hierarchy. When they are told to hate EVs, they hate EVs. When they are told to love them the next day, they love them.
Gee, that's too bad. I do Nazi the problem.
They have a lot of problems ..... they're about this high .... raises right hand up on the air palm down
Is that price at full retail price or cost of parts. Either way, sounds like someone misjudged the market by a lot and needs to be ejected from their CEO role.
I am expecting them to end up as ICE technicals, used to hunt down dissidents like...*checks notes*...American citizens, children, and the elderly.
So your saying one will be able to avoid ICE by simply escaping on days when its raining?
My pet conspiracy theory has been that Elmo was hoping Trump would mandate that everything gov related has to drive Teslas.
$800 million worth is giving a lot of value to something they can barely give away. Maybe $800K worth of material after the cost of dismantling.
They really should use the number of units. If Musk cranks the price from 80k to 120k, they suddenly have $1.2B sitting there? It's the same 10,000 ugly-ass pieces of shit.
The $800m figure is only useful for figuring out how much Tesla was expecting to make out of it. When you factor in the development and manufacturing costs, they're hemorrhaging money.
$800 million according to labor theory of value. 0$ million according to subjective theory of value
Actually saw a Tesla with a Trump/Vance sticker on it today. I was already at 92% hate for Tesla. Thanks for making that 100% today stranger.
I actually saw the opposite last week. It was a Tesla but on the back was a sticker that looked like this:
So you're against Elon but still buys his dumpster car?
It's like you hate Belgium, so you go on holiday in Belgium but you put a "fuck Belgium" sticker on your suitcase. Why TF would you go there if you hate it. Why TF would you buy a nazi car when you're against nazis.
The sticker is just so they hope their swasticar isn't vandalized. You're a fucking nazi when you support nazis. This include buying their cars.
Or you bought his car before you saw him for what he is. Tesla's have been around for almost 2 decades now.
When you didn't see the giant red flags from the moment he became known, you're either dumb of ignorant AF of both. The infinite stream of bullshit and lies, all the scams left in his pathway of destruction, the toxicity towards anyone who dares to call him out for what he is.
When one say "oh I didn't know he was crazy" it says more about them than Elon.
We've heard all these things many times before. "Yeah I voted for Hitler, but I didn't think he was this crazy." "I voted for Trump because I didn't think he was this crazy."
These are just dumb excuses for what is actually is said: "I didn't know it would affect me too." The red flags are all over and have been for ever. How blind can one be?
$800 Million Worth of Cybertrucks
Cybertrucks aren't worth the glass of the molotovs that ignite them.
Worth and cost are not synonyms.
It’s funny. They target people who burned the trucks, but insurance claims are probably their best chance to get paid for the trucks.
I want to drive one into a brick wall. Not with me in it or anything. I figure I could do it just by setting it to auto-drive into a painting of a tunnel Looney Tunes style.
Strip out the bad stuff and drop them in the ocean and they can become reefs for fishies and their buddies?
Strip out the bad stuff
What's left after that?
Not even the body shell is not any good?
If not for the battery with a disturbing history of exploding, it would be the vehicle's worst feature.
So throw the windows in? The rest is rusty metal and plastics that become microplastics
maybe they should try making their cars not ugly as sin
The main flaw of that thing is its bad engineering. The design was meant to be polarising and if it was actually a good car, it would work in its favour.
They are also larger then expected or needed. The one I see at work just barely fits in the parking spaces, width wise.
But that goes for pretty much any pickup truck. The whole category is an affront to common sense.
I think its crazy that they made $800 mil worth of these cars. Who the hell thought they would sell well?
That's 80,000 vehicles. The production capacity is 250k. Ford sold 460,000 F-150s last year.
Chrysler had an inventory of over 1 million last year, they've ran through that by March.
I always thought he was making them as a limited high-end run. It's neither of those things.
Oh its gonna be limited thats for sure. But yeah I had very similar thoughts as well. Theres one cyberfuck in my town and every time I see it I can’t help but think what a fucking goober one must be to buy it
They had a ridiculous number of people putting in a deposit to reserve one, about two million reservations according to this: https://insideevs.com/news/687142/tesla-cybertruck-2-million-reservations-crowdsourced-data/
I guess they came to their senses.
I wonder if people don't want the truck because of its design or the association with Elon more.
Those are 2 excellent reasons to hate it.
I actually really like the look of it. It's so ugly.
Also paint. I hate seeing paint chips on my car. I know I can wrap but that's an extra expense to eat.
I just can't see myself buying a new Tesla due to the damage Elon has caused. It's a shame because my current Tesla is a wonderful car, in my opinion.
I'm forced to say that some of the wraps and textures added to the vehicles do make them look cool again.
But I feel like that's equivalent to saying "Once you drown the turd in whipped cream and cherries, it looks edible." I mean, fuck, I suppose so. But I know what's underneath so I'm not touching that spoon.
Yeah I kinda like that brutalist look. Shame it's impractically large, poorly built, dangerous, and produced by a nazi wanker.
It's a novelty vehicle.
It's too big for many people. It's not as functional (in terms of towing and hauling) as a regular pickup. People who buy pickups for business uses are, for the most part, are going to be very nervous about buying an electric vehicle from a relatively new manufacturer.
Even if you put aside the issues with Elon: The issue with the Cybertruck is that Elon never understood it was a novelty vehicle. The traditional auto manufacturers make these novelty vehicles from time to time, but the difference is that they understand what they're building and know they're only going to sell 10,000 or something per year, and probably for a short run.
Elon's so far up his own ass that he doesn't understand why everyone isn't buying one.
Does it really matter? It's a shit looking vehicle that can't drive in the rain if you don't switch to carwash? Mode? I think?
The vehicle has so many design oddities, so many manufacturing problems, and it's associated to one of the least liked billionaires in recent memory, so much so that people in the general public go out of their way to vandalize the vehicle whenever the opportunity presents itself.
What's to like about it? Even if you don't hate Elon, and don't hate the look/design, the"truck" is a meme at best and a gigantic waste of resources.
Cybertrucks are just sitting around, waiting for someone to officially label them the DeLorean of the 21st century.
Hey! You take that back! DeLoreans were always cool cars. Their demise wasn't due to lack of popularity, the company just had problems getting established, and ultimately didn't survive its initial growth phase.
Nobody despised the DeLorean, or it's owner. They just ran out of money, and he tried a desperate Hail Mary play, that didn't work.
Their demise was absolutely due to lack of popularity. In December '81 they had produced 7,000 units and sold 3,000. I'd argue that they failed for the same reason Fiero did -- they looked like a sports car but were not. Top speed was 110mph. 0-60 time was 10.5 seconds. It had a V-6 that put out 130hp in a car with a curb wt of 2700 lbs. 0-60 time was measured at 10.5 seconds. To put that in perspective, about the same as a 99 Ford F-350 Super Duty Crew Cab 4x4 Dually or 73 LTD Brougham. There are virtually no modern cars that run 0-60 that slow. A 2024 5.3l Suburban has a time of 7.0
In addition, they had numerous quality control problems. This in a car that retailed for $25k or the rough equivalent of $86,000 in today's dollars. While it's probably true that nobody despised the car, it was not a good car. They were definitely cool sitting in a parking lot but getting spanked by a 1980 Chevy Citation (0-60 10.3) is not a good look
The cybertruck is on a different scale of unpopularity.
Nobody threw Molotov cocktails at Delorians. (Edit: or even DeLoreans)
Holy moly those specs are remarkably similar to my 1st generation Prius.
Now compare the gas mileage lol
Edit - Was actually curious:
Vehicle | City | Highway | Combined |
---|---|---|---|
DeLorean | 17 | 23 | 19 |
Prius | 42 | 41 | 42 |
I actually expected the DeLorean to be worse
Me too. That's comparable to my dad's old 4 cylinder Toyota Pickup (mid-80's, so similar era). Smaller engine
and wayyyy less power so I would've expected the pickup to get worse than the Delorean.
I'm not saying you are wrong in anything you state, and you make good points.
And yes you are probably right that the shortcomings compared to what was promised is the main reason sales didn't go as expected.
But I think you don't see it the same way as barneypiccolo you responded to.
Wasn't the DeLorean design pretty iconic from the beginning? The fact that there are still more than 2/3rds of the cars built on the road today 44 years later does speak volumes to its favor regarding popularity IMO. Those were not cars that were bought, found insufficient and then scrapped. But instead have been maintained despite DeLorean hasn't been around to supply spare parts.
Also the fact that the car had such a central role in the Movie Back to the Future, because it was simply such a cool car despite it's flaws, what other car could they have used for similar effect?
Imagine trying to do that with the Cybertruck! The Cinema would most like burst out in laughter from claiming doing anything with a Cybertruck would be to do it in "Style" as Emmet Brown expressed it regarding the DeLrean. It would clearly be seen as a fat joke on how stupid the car is and looks.
So no the car wasn't popular enough in sales for the number of cars DeLorean built, but it was never an unpopular atrocity like the Cybertruck is.
Edit PS:
they had produced 7,000 units and sold 3,000
That's not true:
https://en.wikipedia.org/wiki/DMC_DeLorean
total production reached an estimated 9,000 units
And allegedly they needed to sell about 2000 cars remaining to continue.
Their demise wasn’t due to lack of popularity, the company just had problems getting established, and ultimately didn’t survive its initial growth phase.
Hm, I thought their demise was due to them arbitrarily going back in time.
I'd fucking love to have a DeLorean; they're bad cars but that's where the similarities to the Cybertruck end. They're just cool.
Yeah and at least they're creator had a cool story.
Yeah, he was a larger than life character, and the end of the company was spectacular. Most companies end with a whimper, his ended with an explosion.
I have a little personal anecdote about the end of DeLorean Motor Cars. At the end, I was living in Cleveland, OH, where DeLorean's brother had a Cadillac dealership, which also sold DeLoreans, of course.
When the company crashed, the government, or the bank, or the court, or somebody, was coming to take all the cars that were sitting in the factory parking lot in Detroit. The local news caught a helicopter shot of a long line of DeLoreans driving out of the lot, and down the road in a long line. They didn't bother to follow them.
A few days later, it was reported that all the surplus DeLoreans were missing, and DeLorean was hiding them somewhere, and they showed the footage of the cars driving off.
A few days after that, I was taking one of my favorite shortcuts through Lakewood, the suburb where DeLorean Cadillac was located. My shortcut was a small road/alley, with far less traffic and lights, which went behind the businesses along the main road.
One of those businesses was DeLorean Cadillac, with a big parking lot behind the dealership. I'd passed that lot many times, and it was always a mix of Caddys and DeLoreans, but this time I saw that it was FULL of nothing but DeLoreans, packed in like sardines. I had no doubt that these were the missing DeLoreans that the authorities were searching for.
So, of course I notified the authorities where they could find the cars, right? Fuck NO. DeLorean didn't seem like a bad guy, just a major dreamer who got desperate. I always kind of admired him. So I kept my mouth shut, and made the authorities find the cars without my help.
Tesla stock is up 21% in the last week. What is going on?!
Who knows / cares- it's a meme stock. Has about as much relation to Tesla's ability to sell cars as the price of any cryptocurrency has to its ability to be used as actual currency.
Speculators/inside traders betting on (more) favourable rule changes or a fat govt supply contract perhaps
I pay one thousand dollars cold hard cash for a new cybertruck
You couldn't pay me enough to take one those monstrosities.
If they came with the software tools and keys necessary to rip out all their bullshit and install my own OS then I'd consider takin one for free.
Even removing the software, you'd still have something most of the world considers not fit for the road. You'd have to replace almost all of it and at that point you're just building a new car from scratch.
Strip out the batteries and motors, hook them up to some after market controllers, slap them in a classic car, and now we're cooking.
To salvage the materials and resell them or build something else from it?
I hadn’t thought about it that much, but I might put in in the yard with that camper top thing and maybe use it for a backup electricity maybe get a rooftop solar panel I have no idea.
(Edit: I mean a cool solar panel on my house that charges the Tesla truck during the day and using the Tesla to run the washing machine and dryer at night) like a thingee to store power and have a cool camper in the driveway.. if I got a new truck for 1k I would do the other stuff lol)
Elon underestimated how willing people were to buy a truck from a nazi.
Even people who would buy from Nazi's still want a functional car.
These things randomly stop working, break if you drive it into a half a foot of water, have rear view mirror housings which bust off when you try to pull down the sun visor, have a single ethernet cable routing all the controls and devices so that if the connection breaks anywhere everything stops working suddenly, a shelf underneath the headlight which accrues dirt or snow as you drive until it is not serving its purpose, exterior panels which just fall the fuck off, and hardly get any mileage.
The only people who buy these are those incapable of the barest reasoning.
11,000 manufactured Ewaste never to be sold
As I wash out the plastic yougurt pots, that's what gets me the most. We're fucked and it's not Mrs Smith at number 47 using plastic straws that's causing this
How abut: The truck is just plain ugly.
It looks like a refuse bin. Square back, low opening front.
When I worked in a lime quarry, we used a bin something like that shape to put all the crap and garbage in The a-frame had a bar across the top and the kiln truck picked it up worth its hoist and loaded it on the back, and hauled away the load to the dump.
Just send them to Africa with the next batch of hats and t-shirts of whoever doesn't win the NBA finals
If Chevy had released this truck it would have been ended up like the HHR but worse.
It’s not even good at being a truck, aside from the other shit.
All those retailer investors are going to get fucked so hard. They don’t even know they’re getting fed lies and end up bailing out the original investors who actually have money.
If the talk about Cybertrucks actually rusting in the rain is true, they will be worth less and less and less...
Time to play…”WHO DO YA BAIL OUT! HUBBA-HUBBA-HUBBA, MONEY-MONEY-MONEY…WHO DO YA BAIL OOOOOUUUUUUUUT?!”
I think a few hours with a torch and they would make fantastic dumpsters. Imagine if you could crab walk a self moving dumpster? Genius
If he drops the price to about $8k and includes lifetime fast charging, I'd consider one. Of course, for $8k, there are plenty of much nicer used trucks available on the market, though.
Lifetime anyfeature is only of value as long as the company still honors it. Will Tesla still be in business in a decade? Seems doubtful.
Idunno, they seem like they'd be perpetual rotten fruit magnets. Like you'd have to hose them down a lot
And they actually have truck functions that trucks should have. And they aren’t completely useless if the iPad in the cab decides to not work
You hate to see it, whomp whomp
And retail investors continue to bail out the investors with money who are actually making money. Watch out for that rug!
How is that $800 million WORTH? Is it a figure of speech?
Yes it's a common phrase. If an apple costs $2, and you have 10 apples, then you have $20 worth of apples.
I wouldn’t take one even if if was free
I would, you get $1.25per kilo of stainless steel and $3.15 for aluminium at the local scrap metal merchant
Sure. Same. I could just throw a tarp over it on my way to the scrap yard, to protect my reputation.
Brave to assume it would make that distance drive, better hope there's no slight incline as that would invalidate the warranty
I would take a few of the batteries. For free of course.
Hell yeah if I could get a free cybertruck I'd have lots of fun salvaging the motors, batteries, sensors, etc.!
Who would you throw them at
What? Are you asking what I would do with them? I would build a battery bank and start collecting solar panels.
This is very doable without needing an EV battery. Solar panels and lithium batteries have never been so cheap - tho I'm not in America, maybe tariffs effect this in the US. I have a 500w panel, victron shunt, controller, etc, 200ah lithium battery - the whole build cost maybe £800 a couple of years ago and the cost has dropped a fair bit since. I live in a small space and my needs are few - laptop, lights, phone, heater, etc. This does the job fine for me but it wouldn't be hard to scale up.
I mean, if they are gonna get rid of it, I will take one for free. Free EV is a free EV if it breaks down 5 days later then I am in the same situation I was before getting the truck.
Just use it for the batteries and parts
Battery would be grand for a household solar install. Seats would be nice on the porch. The frunk can hold a lot of chicken feed, and the cabin would make a fine henhouse for a small flock.
This is the only situation I would support some backwoods jackass converting something to diesel and "rolling coal" in it.
I know it will never happen, but I would find in genuinely hilarious.
I would love for Tesla to have its management evaluated and filtered for Nazis. Then, when an independent company has removed and listed those nazis out, then I could consider buying from them.
Yet the stock is shooting up. Markets are completely fake and broken, it's just a matter of time till it all crashes down like a giant Ponzi scheme.
So they have $0 worth of Cybertrucks and a heap of scrap metal that doesn't own up to the balance sheet accounting.
Guess there are less assholes with a spare $72k than I thought.
Most of the ones in my area prefer to "roll coal" and to have their pavement princesses lifted in a way that I don't think can be done with a cybertwuk.
Guess they're not really worth $800 million dollars, then, are they?
It's probably the cost to produce them. That's real countable money.
I think you mean thats the price they'd need to sell at for Tesla/Musk to cover production costs, cover the sunk costs of already made capital investments (Mexico Gigafactory, etc), cover the ongoing costs of 'Full Self Drive' development, cover the debt of the company, cover a significant chunk of Musk's personal debt from his leveraged buyout of Twitter (he had to finance that), and/or also some actual profit margin, go toward future stock buybacks, etc etc...
The article says, and cites, that there are over 10k unsold CyberTrucks.
10k * 80k = 800m
80k being the MSRP for the base model.
(In the case of Tesla, they own and directly operate their own dealerships, unlike most other car dealerships which are owned independently... thus the MSRP just literally is the only price you can buy them at. Tesla also makes you sign contracts when you buy a CyberTruck that more or less make it legally near impossible to resell your purchased CT second hand.)
MSRP != Cost to Produce.
If that were the case... basically all companies that sell physical things... would be Non Profits.
If you have access to Tesla's internal accounting and finance numbers that can actually show a CyberTruck's actual cost to produce, not only would I personally love to see that, but so would the government of Canada, I suspect, as they are currently investigating Tesla for essentially accounting fraud.
If something can't actually sell at MSRP...
... analagously, if a house sits on market for 6, 9, 12 months, and can't sell at a too high price...
Then the person trying to sell the thing has not recieved any real countable money; the price is likely wildly unrealistic.
The Cybertruck, a once massively hyped vehicle
It was never 'massively' hyped...no one I know thought this thing looked cool, would actually be usable as a truck or be worth the money they asked for it..hundreds of contractors, didn't give two shots about this..media hyped it, nothing more. Sure it was talked about, but mostly how stupid it looks. that's not hype.
"hype" is literally media attention
hype
1)
: publicity
especially : promotional publicity of an extravagant or contrived kind
all the hype before the boxing match
Merriam Webster
Back before people knew all that much about it, back when Elon Musk was the guy who made Tesla and SpaceX and this super smart guy (as opposed to being the guy who bought them and then fucked up the engineering), I knew some people who were excited about it. It was supposed to be a working truck but electric, bring all the better-than-other-cars stuff that the Roadster and Model S had, it was supposed to have solar panels and electrical outlets and super-strong construction so you could use it to survive the zombie apocalypse.
I think that was before the inflection point, back when the genuine success Tesla had had made Musk's personal brand of bullshit believable. I remember when people started getting a good look at all the concept and actual prototypes, that made it look like a dumpster without the storage space, was when the shine came off the rose. But I definitely do remember people who were excited about it back in the beginning.
I also remember seeing articles about how the design was meant to be very simple because it was going to be cost effective, and that they were experimenting with a manufacturing technique that would work better on Mars
Yea nope.
Instead now Slate Auto seems to be going for the cost effective minimalistic truck
https://techcrunch.com/2025/05/12/slate-auto-crosses-100000-refundable-reservations-in-two-weeks/
While Hyundai has put out some actual retro futuristic models
https://www.hyundai.com/worldwide/en/brand-journal/heritage/heritage-series-grandeur
https://www.hyundai.com/worldwide/en/brand-journal/heritage/heritage-series-pony
Yeah. In retrospect, it's easy to pick out what stuff is just Elon Musk making up bullshit because it would be awesome. And, with the cybertruck, he finally got to inject that into the engineering process as a dominant factor as he'd been trying to do for so long with the cars. And look at the result...
I like the Slate. Maybe a touch longer in the hood than I'd like. But nice none the less.
Hyundai is finally starting to win me over, I've so long overlooked them from their old reputation, but they've been putting out some good cars for a bit now.
The Cybertruck has always been a vehicle designed by a childish mind for equally puerile customers. Now it's also a strong indicator that you might be a bit of a Nazi if you own one.
So yeah, I don't expect it to sell too well, as most motorists are adults who tend to dislike Nazis, or would prefer it if they didn't have to worry constantly about their vehicle being defaced by non-Nazi adults.
Made by and for douchebags. Honestly if they actually wanted to make a little truck that was an EV I would have been all over it. Just something small to haul some dirt or lumber for home projects. I don't want a giant f150, I want some danger ranger size or smaller for light projects. I think that could have been very popular.
Telo truck looks promising and has some ex original Tesla talent.
If it turns out to be real, that would be the easiest buy I've ever had with a car. But with a design supposedly about practicality, why do they have to go with the iPad car controls? Hopefully that trend dies out soon and we can have buttons again.
I can't see myself spending money on anything beyond a smartphone with a touchscreen for everything, and seeing it in this makes me more skeptical about the product as a whole.
I’ve seen fundraisers where they let people pay a few bucks to smash a scrap car with a sledge for a few minutes. Maybe they can get a little return by doing that
when they drop to like $10k maybe.
You value yourself at negative 10k? If they paid me 100m, I would at least think about it before declining to buy one.
Pff. If they pay me 100m to get one, i'd take the money, buy the car, and sell the car for part. It's made of stainless steel, people, that gonna worth some money in the scrapyard.
I think my number is only as high as it would take for me to build and pay off a place to hide it in and forget about it.
Good.
I would consider picking one up for cheap to tear apart and use as parts for an EV conversion for my old jeep.
Well, depending on how locked down the software is. Probably would prefer to have no infotainment system, just a pedal.
So then they have $0 worth of cybertrucks.
I was gonna say. Doesn't seem right that they can just add up the MSRP like that and claim it's millions worth of something if nobody's buying. Plus, I'd wager the manufacturing cost of all that is significantly lower.
I wish the article would tell us how many units instead, for this very reason.
Last I remember they sold for $80k, plus that makes the math trivial, so... 10000 vehicles?
Wow that has so much more impact to me, I can really visualise the endless parking lots full of them.
That's literally in the second sentence of the article.
Just looked again and you're right lmao. I did read it, but somehow missed it.
No, we don't want the article to make us read. We want the article to grab our heads, pull our ears out and talk the information directly into our faces. You know, "tell us."
Or report their value as the scrap value or cost of materials
-$800 million those weren’t free to build.
I'd love to know how much it costs to build each cybertruck, and visualise the other revenue loss of storing these, designing the machinery to build this shit and anything other costs that were factored into sales.
The big 3 used to need to sell something like 1/2 million cars before covering R&D costs. But that was also back in the 60-70s when they sold a million cars a year and designed it all on paper.
The cyber truck’s design was so stupid that it may have approached that level of r&d costs. Since bonding and forming such thick Stainless steel isn’t trivial.
I'd be willing to pay that for a cyberdump.
Wouldn't mind the pubic lovingly trashing it either.
It even traps passengers while burning like a complimentary self-cleaning oven feature.
The disposal fee might be a bitch.
On further thought, it might not be worth it.
Id strip it for parts and convert a classic car with one if the price was right. (Free)
Just keep the windows down at all times. Then you can jump out and laugh at it when it's on fire.
Came here just to upvote you.
If no one wants them, they're not worth anything.
I guess they're worth the money spent to make them? But yeah, it's just a pile of trash. I can't believe I still see so many on the road. I do live in a reddish hell though
Cut to the Trump administration buying them all for $250,000 each.
There's always scrap metal and selling the batteries for other purposes!
And entire production lines configured to produce shit nobody wants.
Please, nobody insult the DeLorean this way.
Eat shit, nazi
he probably does eat shit too. there's probably some ultra rich bullshit delicacy that is like essence of baby turds or something that has stem cells and electrolytes.
fuck him and his digestibaby shit.
Civet coffee?
Two Elons, one truck.
]]<>[[
Back and forth forever
"OMG, I'm putting that!"
Great movie
Sell them to ocean shipping companies .... they can tie a chain around them and use them as boat anchors
They'd probably (definitely) suck at that too.
But sharks.
if nobody wants them, they're not worth $800million
Then why the hell is the stock back over $300?!?
Apparently musky boy said he was quitting DOGE.
The Boring Company is propping up the price with the sales of NotAFlameThrowers to DOGE.
Yet their stock went up 20% past week...
The stock price isn't an accurate representation of the worth of the company. It's an accurate representation of the amount of bullshit the company CEO is filled with.
The economy is based on vibes and not the true value. However that doesn't mean they aren't allowed to borrow against those vibes, to avoid taxes.
So did other stocks. The Dotard flip-flopped on tariffs again.
All those preorders cancelled bc they lied about the price and the quality doesn’t match. Tesla was doing fine until the CEO got involved. Idk why those assholes wanted to give him billions of dollars as a bonus. Just absurd.
they probably want his name to be still have some recognition, because Xitter is a very useful tool for the right to control the supporters, that is more valuable than tesla.
Tbh I'd take one for free. It might look kinda cool in my garden with plants growing out of it.
i would keep the battery, buy some solar panels, an inverter for my house, and sell the chassis as scrap metal
Ehhhh, that would require a cybertruck to look cool though.
There should be ways to elegantly conceal the obscenity of a cybertruck, if we're talking about a picturesque garden .
Hide it behind a large tree or bush?
i flipped off two of these nazi dumpsters today
Mobile dumpsters? Port o potties for the homeless? The possibilities are endless.
There’s probably a tax write off in there somewhere for Elon. Nice silver lining.
They're hideous, the places with a population that could afford them mostly view them as a social black mark, and in terms of utility - they're worse than just about any truck out there. It's not about max towing weight. It's about not being able to stack and strap a shit ton of stuff in there
No wonder they're begging police departments to buy them.
A part of me wants the police to have them so they can be a cluster fuck for them to maintain.
Unfortunately, they'll maintain it with my tax dollars.
…so almost enough trucks to supply the people affected by the recalls?
I'd pay five thousand dollars for one. Round off the sharp corners and put a Honda sign on it and BOOM I beat capitalism.
Good.
Holy shit I forgot Vice was still a thing.