CyberTruck No More Waitlist, Available for Immediate Delivery

[Donald Stanfield]

Q3 number according to KBB, CT sold 16,692 units, more than Lightning, R1T, Hummer and GMC EV trucks combined . Outsold R1T by more than 5:1. R1T sales are down by 9 %. I think CT is cannibalizing R1T as both are targeting affluent “non working “ truck market. I test drove a CT, and came away very impressed. Rides smoother and so much more maneuverable than R1T. CT will likely continue to outsell R1T by more than 5 folds with sub $ 80k, especially if $7500 tax credit applies. The problem is that affluent “lifestyle “ truck market is not that big. I think Rivian is in trouble.

Not when "full self-drive" it's pulled, as it's currently under NTSB investigation for killing people. Tesla, as a whole, is in trouble.

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[scottf200]

So... Other than range, price and payload they're spot on.
(BTW, the bed range extender is maximum kludge.

That has nothing to do with my point of it being misleading to compare the
least featured least motors version of the CT to the most featured and most motors version of the CT.

Obviously since *I* put that table together and did color formatting
I understand changes from planned 2021 deliveries to 2023 ... thus not my point.
The most popular AWD dual range option is the only thing that got better.

Of course, the range extender is a kludge. Larger batteries/kWh give you more range. 129 vs 149

 

[scottf200]

Let's see what the sustainable buying rate of the CT is now that all the pre-order folks have been worked through, then revisit your statement above.

100% on this. Maybe by next summer, we will be able to draw some conclusions.

However, the caveat is when/if the CT AWD dual gets the $7500 tax credit. That is a chunk of money off. Supposedly it the the battery cathode that is causing the issue. Lot of variations of the 4680 showing up tho and are supposed to meet the IRA requirements.

 

[Rivian Head]

What usually happens with Tesla is that they drastically lower the price of its vehicles if they have achieved cost efficiency of production or sales sag. Likely CT AWD will be sub 70k in 1-2 yrs. Smart buyers will hold out their purchase until the initial enthusiasm dies down.

 

[COdogman]

What usually happens with Tesla is that they drastically lower the price of its vehicles if they have achieved cost efficiency of production or sales sag. Likely CT AWD will be sub 70k in 1-2 yrs. Smart buyers will hold out their purchase until the initial enthusiasm dies down.

You left out the part where they announce the vehicle with a low price option, then delete that model after they get enough reservations they can use to say "look how popular" this is!

 

[Noplacelikeloam]

The CT has a big problem coming, and ironically the thing that made it, is the thing that will kill it.

Its unique until it isnt. And when it isnt, its tacky.

Remember buying those designer ripped jeans that had the same rip as the next person that bought them? Well, that is how it will feel.

Its a flawed vehicle in many ways, buts unique so who cares, until you do.

Its time is coming and it isnt aging well.

 

[scottf200]

What usually happens with Tesla is that they drastically lower the price of its vehicles if they have achieved cost efficiency of production or sales sag. Likely CT AWD will be sub 70k in 1-2 yrs. Smart buyers will hold out their purchase until the initial enthusiasm dies down.

There is an impression of sales not going great since they just announced that the CT is included on the 'free' transfer of FSD.

Sawyer Merritt: NEWS: As of today, the Cybertruck is now eligible for free FSD transfer until the end of 2024.

The Cybertruck wasn't eligible before, but Tesla changed the rules today. This means you can transfer FSD for free to a new Model S/3/X/Y or Cybertruck if you take delivery by Dec 31, 2024.
2:04 PM · Oct 21, 2024

 

[Chewy734]

Its time is coming and it isnt aging well.

But… it’s from the future… and… mars?

 

[Noplacelikeloam]

But… it’s from the future… and… mars?

Future past is still in the past.

 

[Scoiatael]

The CT should still outsell the R1T for the foreseeable future...if that means anything....

A few months ago I would have agreed with you, but I don't know anymore. All the issues with the Foundation builds have likely steered people away. Also Ford and Chevy/GMC are really trying to sell their EV trucks.

 

[Rivian Head]

“ not selling well” is relative. Will CT sell 120k units per year? Or 60,000 units?
Even at 60K units, CT is projected to outsell all other EV trucks combined. R1T may not break 15k units based on Q3 sales number. It’s easy to see that Rivian is in trouble. Down 27% is a very bad number even with its production disruption. $80k+ truck market is not that big, and the data shows CT has been dominating, outselling all other EV trucks combined. Please stick to the current or projected figure when you want to make a point. Speculation is just a speculation….

 

[KootenayEV]

“ not selling well” is relative. Will CT sell 120k units per year? Or 60,000 units?
Even at 60K units, CT is projected to outsell all other EV trucks combined. R1T may not break 15k units based on Q3 sales number. It’s easy to see that Rivian is in trouble. Down 27% is a very bad number even with its production disruption. $80k+ truck market is not that big, and the data shows CT has been dominating, outselling all other EV trucks combined. Please stick to the current or projected figure when you want to make a point. Speculation is just a speculation….

Uhhhh....

 

[Donald Stanfield]

“ not selling well” is relative. Will CT sell 120k units per year? Or 60,000 units?
Even at 60K units, CT is projected to outsell all other EV trucks combined. R1T may not break 15k units based on Q3 sales number. It’s easy to see that Rivian is in trouble. Down 27% is a very bad number even with its production disruption. $80k+ truck market is not that big, and the data shows CT has been dominating, outselling all other EV trucks combined. Please stick to the current or projected figure when you want to make a point. Speculation is just a speculation….

They made it through the list of people who wanted one, now they can't give the CT away. The sales are going to be similar to the model X or less because people don't want to drive an eyesore.

 

[TexasBob]

“ not selling well” is relative. Will CT sell 120k units per year? Or 60,000 units?
Even at 60K units, CT is projected to outsell all other EV trucks combined. R1T may not break 15k units based on Q3 sales number. It’s easy to see that Rivian is in trouble. Down 27% is a very bad number even with its production disruption. $80k+ truck market is not that big, and the data shows CT has been dominating, outselling all other EV trucks combined. Please stick to the current or projected figure when you want to make a point. Speculation is just a speculation….

R1T was never expected to be more than 30% of R1 sales. (Cf public statements by CEO/CFO.) Rivian lives or dies by the S configurations. It is in a tough spot, but the T is not super relevant to the company. I am not a shareholder, but as far as the vehicles go, there will be a buyer for the company if the fit hits the shan. This is not Fisker…

CT sales are obviously well below expectations but still well above peers at the moment. However, two week delivery times and Tesla having to pull the free FSD transfer demand lever is not where anyone thought Tesla would be less than 12 months into the production ramp.

 

[ThumprMN]

No thanks. I’m good.

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