04 Jun 2025

Electric Pickups Got Huge Hype And Preorders - But So Far Have Failed To Win Over Truck Buyers

AutoNews reports on June 4, 2025 Tesla's Cybertruck sales decline, unsold inventory, and its impact on the electric vehicle market. Key points from the article include:

• Tesla's Cybertruck sales have experienced a significant decline, with only 2,000 units sold in April 2025.
• Over 10,000 unsold Cybertrucks are currently in inventory, worth an estimated $808 million.
• Production at Tesla's Texas Gigafactory has been reduced due to sluggish demand and high inventory levels.
• The Cybertruck's reputation for quality has been tarnished by numerous recalls, negatively impacting customer trust and resale value.

In the broader electric truck market, key competitors include:

• Ford: The F-150 Lightning offers impressive range, towing capacity, and performance.
• Rivian: The R1T features innovative design and capabilities, securing investments from Amazon and Ford
• Chevrolet: The Silverado EV is expected to provide a competitive range, towing capacity, and advanced features.

These companies are actively competing in the growing electric truck market, pushing innovation and sustainability as more consumers embrace electrification.

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