Tesla is facing a growing problem with Cybertruck inventory, holding nearly 2,400 new units worth around $200 million, according to Electrek. The truck remains extremely difficult to sell a year and a half into production. The company paused Cybertruck deliveries in March due to an anticipated recall over a trim issue. The company is not accepting Cybertrucks as trade-ins and is directing some owners with service issues to resolve their cases through the Lemon Law process. Used Cybertruck prices have dropped 55% year over year, and 6% just in the past month, with dealers hesitant to buy them due to uncertain resale value.
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00:00It's Benzinga bringing Wall Street to Main Street. Tesla's facing a growing problem with
00:04Cybertruck inventory, holding nearly 2,400 new units worth around $200 million according to
00:09Electrek. The truck remains extremely difficult to sell a year and a half into production.
00:13Company paused Cybertruck deliveries in March due to an anticipated recall over a trim issue.
00:19Company is not accepting Cybertrucks as trade-ins and is directing some owners with service issues
00:24to resolve their cases through the Lemon Law process.
00:27Used Cybertruck prices have dropped 55% year-over-year and 6% just in the past month.
00:33The dealer is hesitant to buy them due to a certain resale value.
00:37For all things money, visit Benzinga.com.