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Stock impact report

Tesla's Cybertruck is getting deeper discounts and production cuts [Verge, The]

CarGurus, Inc. - Class A (CARG) 
Last cargurus, inc. - class a earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.cargurus.com/investor-relations
Company Research Source: Verge, The
hefty discounts, including many for about $10,000 off, Electrek reports. Many are from the 2024 model year and include limited “Foundation Series” Cybertrucks that ended production in October, plus some lightly used “demo” ones we saw that have racked up around 300 miles on the odometer. Some Cybertruck models in stock won't be eligible for the $7,500 federal tax credit either due to their age or because the sticker price is too high. But as of this writing, interested buyers could get more than that with the available discounts, including as much as a $11,990 cut off a top Cyberbeast model that usually sells for $119,990. In January, the company offered up to $2,600 off inventory Cybertrucks. Used Cybertruck prices are also taking a hit. CarGurus currently shows the average used Cybertruck selling for about $85,000 , a steep drop from $104,300 on December 30th and $107,800 from November. Business Insider reports Tesla is also slowing down Cybertruck manufacturing at its Texas f Show less Read more
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