Tesla Cybertruck Sales Saw A Sharp Dive In The First Quarter [Forbes]
Tesla, Inc. (TSLA)
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Source: Forbes
Tesla's stock has slid steadily this year, hurt by declining sales and widespread protests over CEO Elon Musk's leadership of President Trump's DOGE initiative, which is making haphazard staffing and budget cuts to federal agencies. The electric vehicle maker's sharp-edged Cybertruck is also sliding, posting sharply lower sales in the year's first quarter. The Austin-based company delivered just 6,406 Cybertrucks this year through March, according to Cox Automotive . That's more than double its volume in the year-earlier period, when it was slowly starting to make the hard-to-build model. But the quarterly figure was less than half of what it sold in either the third or fourth quarter of 2024–14,416 and 12,991 units, respectively–as its production ramped up. Musk had previously forecast that annual sales of the electric pickup might average 250,000 a year, though it delivered only about 39,000 last year. A combination of multiple recalls–including one last month to fix stainless
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