Latest news with #CybertruckOwnersClub
Yahoo
23-05-2025
- Automotive
- Yahoo
Used Cybertruck prices plunging to 'insane' levels, report says
Tesla's much-hyped Cybertruck is turning into a financial disaster for owners as prices drop sharply for second-hand examples on the US used car market, US electric transport website Electrek reports. After a year of refusing trade-ins, the EV giant has begun offering deals on used Cybertrucks, but owners are aghast then they hear how little money is on the table. Tesla is offering just $65,000 for a $100,000 electric truck bought in 2024 with 10,000 kilometres (6,000 miles) on the odometer. This was according to an owner who shared the information with the Cybertruck Owners Club, the website said. Another buyer has covered 51,499 kilometres (32,000 miles) in his Cybertruck and received an offer of $60,500. This equates to a loss of 39.5% over the purchase price. The pick-up already faced criticism for its futuristic stainless-steel-clad body, which some owners say is prone to rust spots. The trucks have also been recalled for minor problems several times and Tesla has dropped plans to offer a useful range extender. Meanwhile Tesla owners have become worried about attracting vandalism after a string of cars in several countries were damaged and set on fire in protest against Tesla boss Elon Musk's support for far-right politics, massive accumulated wealth and sharing of misinformation. Electrek, which first reported the trade-in offers, described the devaluation as "insane" and said the Cybertruck has been "a commercial flop". The low trade-in value appeared to reflect a glut in supply of the vehicle, with Tesla's Cybertruck inventory reportedly reaching a record high of 10,000 units this month. Tesla was reportedly having to offer heavy discounts to shift them. At one point, Tesla boasted having over one million reservations for the electric pick-up truck, but only about 40,000 people ended up converting their reservations into orders, said the report. Data from which tracks listings in the US, suggests Tesla has unsold Cybertrucks worth around 800 million dollars. The Cybertruck was first revealed in 2021 but production only began in November 2023, with customer deliveries following later that month. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
21-04-2025
- Automotive
- Forbes
Tesla Cybertruck Suffers Boycotts, Recalls, Vandalism And Now Rust?
Tesla's Cybertrucks are in the news, or should we say, in the wars, for a whole number of reasons. Sales started to plummet globally and potential buyers started to boycott the trucks mainly in response to Elon Musk's tampering with US government agencies. Across its entire lineup, Tesla reported that it delivered 336,681 units worldwide in the January–March quarter compared to sales of 387,000 over the same period last year. The brand suffered multiple cases of vandalism across the country and around the world with many owners trying to avoid such treatment by disguising their vehicles by attaching the emblems of rival carmakers. We heard earlier this month that the carmaker had issued a recall of all of its 46,000 or so Cybertrucks after body panels started delaminating due to inferior glue. Yes, the glue they used wasn't sticky enough. Then, we heard last week that Tesla itself was even boycotting the Cybertruck. From just over a week ago, apart from the thousands of truck inventory left ignored in Tesla lots, the brand is no longer accepting its high profile trucks as trade-ins, simply because it has no value to them anymore. The brand has also recently halted sales of some models of the truck as it cannot keep up with repairs. And to add insult to injury, now a new story has surfaced on Cybertruck Owners Club showing the Cybertrucks—constructed out of stainless steel—rusting excessively in harsh cold climates. After just one year in harsh cold climates like the Colorado winter where the authorities use sodium chloride or road salts to help keep streets clear, many trucks end up covered in rust Removing even a handful of these rusted spots from the truck requires significant effort, so some owners have resorted to spray painting the car or attaching a cool body wrap to cover the exterior and try to protect the stainless steel. But according to Cyberpunks Facebook site, even this treatment does not work as it leaves hefty stains on the surface. So if you live in a cold place that uses corrosive materials like sodium chloride (salt) to treat snow, then no amount of software updates or wrapping will help you. But even if you did spend hours buffing out the rust, the same phenomenon would just happen next winter requiring the same treatment all over again. We have a feeling that the Cybertruck, which finally arrived on the scene in late 2023 as a promising challenge to the accepted norm, will go down in history as one of the biggest flops in the auto industry.
Yahoo
18-03-2025
- Automotive
- Yahoo
Tesla (TSLA) Shares Plunge 5% on Cybertruck Quality Concerns
March 18 - Tesla (TSLA, Financial) shares continued to plunge on Monday, shedding about 5% as the reports have emerged concerning quality issues with Tesla's Cybertruck pickups. Over the last few days, customers have posted incident reports on the Cybertruck Owners Club website detailing problems with metal panels detaching. Videos of the damage, particularly in cold weather, have also gone viral on social media site X. Warning! GuruFocus has detected 6 Warning Sign with BYDDY. The complaints focus on the adhesive used for securing the central trim, which is reportedly failing and causing panels to fall off. Unconfirmed reports suggest that Cybertruck sales may have been temporarily halted as part of a "containment hold", a proactive measure taken to address quality issues before further deliveries. These developments are putting Tesla under increasing scrutiny as its gap is pressuring its production and market performance and may affect future sales and customer confidence. However, the situation remains uncertain as analysts are still concerned about the outlook due to the ongoing quality issues. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
16-03-2025
- Automotive
- Yahoo
Musk forced to halt Cybertruck deliveries as parts fall off
Elon Musk's Tesla has been forced to halt sales of its electric Cybertruck pickup amid mounting concern about metal panels falling off the supposedly indestructible vehicles. Customers posting on the Cybertruck Owners Club website – as well as on Mr Musk's own X, formerly Twitter – said they had been told by agents that deliveries were on hold. Electric vehicle-enthusiast website Electrek said the decision was taken amid increasing instances of trim and panels 'flying off the supposedly 'bulletproof' electric truck.' One such problem is afflicting the pickup's cantrail, a decorative trim part that follows the edge of the Cybertruck's roof from back to front. The latest development adds to a litany of build-quality issues with the pickup, which entered production in 2023. While Tesla has made great play of the Cybertruck's ultra-high, stainless-steel exoskeleton in reducing chips, most of the visible panels are attached rather than being part of a combined body and chassis as they would be in a traditional car design. Tesla has had to issue a number of recall orders for the Cybertruck, including one last year that concerned the detachment of a cosmetic exterior panel glued on to the vehicle. Owners have reported that the issue is more acute in cold-weather conditions, suggesting that the low temperatures may be affecting the adhesive used. Other recalls have involved software fixes and an issue where the accelerator pedal could become stuck in the interior trim, potentially causing unintended acceleration. While the Cybertruck's distinctive wedge-shaped, paint-free design polarised reviewers, it initially garnered strong interest, with Mr Musk claiming that more than 1m people had reserved the Tesla has increasingly resorted to discounts to support sales amid reports of large numbers of finished vehicles awaiting a buyer. The company is also said to have rebadged high-end 'Founders Series' versions to market them as cheaper, standard models. Tesla has become a target for anti-Musk sentiment in the US and across Europe following the billionaire's emergence as Donald Trump's closest adviser, his criticism of Ukraine, and his role in pushing for deep spending cuts via his brainchild, the Department of Government Efficiency. Tesla's share price has crashed in the past few weeks amid concerns about dwindling sales, a backlash against Mr Musk's politics and wider market chaos. Mr Trump last week accused 'radical Left lunatics' of boycotting Tesla and said that people vandalising its sites would be regarded as 'domestic terrorists.' European safety regulations mean the three-tonne Cybertruck is not allowed on UK roads, with its angular design and solid front falling short of requirements for protecting pedestrians. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Telegraph
16-03-2025
- Automotive
- Telegraph
Musk forced to halt Cybertruck deliveries as parts fall off
Elon Musk's Tesla has been forced to halt sales of its electric Cybertruck pickup amid mounting concern about metal panels falling off the supposedly indestructible vehicles. Customers posting on the Cybertruck Owners Club website – as well as on Mr Musk's own X, formerly Twitter – said they had been told by agents that deliveries were on hold. Electric vehicle-enthusiast website Electrek said the decision was taken amid increasing instances of trim and panels 'flying off the supposedly 'bulletproof' electric truck.' One such problem is afflicting the pickup's cantrail, a decorative trim part that follows the edge of the Cybertruck's roof from back to front. The latest development adds to a litany of build-quality issues with the pickup, which entered production in 2023. While Tesla has made great play of the Cybertruck's ultra-high, stainless-steel exoskeleton in reducing chips, most of the visible panels are attached rather than being part of a combined body and chassis as they would be in a traditional car design. Tesla has had to issue a number of recall orders for the Cybertruck, including one last year that concerned the detachment of a cosmetic exterior panel glued on to the vehicle. Owners have reported that the issue is more acute in cold-weather conditions, suggesting that the low temperatures may be affecting the adhesive used. Other recalls have involved software fixes and an issue where the accelerator pedal could become stuck in the interior trim, potentially causing unintended acceleration. While the Cybertruck's distinctive wedge-shaped, paint-free design polarised reviewers, it initially garnered strong interest, with Mr Musk claiming that more than 1m people had reserved the vehicle. However, Tesla has increasingly resorted to discounts to support sales amid reports of large numbers of finished vehicles awaiting a buyer. The company is also said to have rebadged high-end 'Founders Series' versions to market them as cheaper, standard models. Tesla has become a target for anti-Musk sentiment in the US and across Europe following the billionaire's emergence as Donald Trump's closest adviser, his criticism of Ukraine, and his role in pushing for deep spending cuts via his brainchild, the Department of Government Efficiency. Tesla's share price has crashed in the past few weeks amid concerns about dwindling sales, a backlash against Mr Musk's politics and wider market chaos. Mr Trump last week accused 'radical Left lunatics' of boycotting Tesla and said that people vandalising its sites would be regarded as 'domestic terrorists.' European safety regulations mean the three-tonne Cybertruck is not allowed on UK roads, with its angular design and solid front falling short of requirements for protecting pedestrians.
