UGLY TRUCK LOOKS LIKE A MUTANT HUMMER
Sarah K. Burris
July 2, 2025
RAW STORY
FILE PHOTO: A Tesla Cybertruck is parked on a local Tesla dealer in Paramus, New Jersey, U.S., July 23, 2024. REUTERS/Eduardo Munoz/File Photo
After slumping in the second quarter, Tesla's Cybertruck has now reached two years of sales slump, TechCrunch senior transportation reporter Sean O'Kane wrote on Wednesday.
Tesla has struggled with sales across the board, the Washington Post reported Wednesday. However, O'Kane noted that the Cybertruck sales are particularly low.
"Tesla delivered 384,122 vehicles in the second quarter of this year, wrapping up another weak quarter for the company as it struggles to bring the pace of sales back up to 2023 levels," the report said, citing a press release from the company.
It's a 13.5% decrease from overall Tesla sales in the second quarter of 2022. The Cybertruck wasn't released until November 30, 2023, however.
"Tesla runs a real chance of underperforming its total sales figure from 2024. If that happens, it would mean Tesla’s sales will have fallen two years in a row — despite the company once promoting the ability to grow deliveries at 50% annually," O'Kane wrote.
The second quarter was slightly better than the first quarter of the year, but the first quarter was the worst ever in the past two years.
According to Musk, the bad first quarter was attributed to production lines being shut down as they launched the upgraded Model Y. That didn't happen in the second quarter, however, and sales remained in a slump.
In fact, Business Insider reported in May that some of the staffers working on the Cybertruck and Model Y were instructed to stay home, according to O'Kane.
However, Musk told Bloomberg in a May interview that sales were "strong everywhere else" except for Europe. He also confessed that Tesla “lost some sales from the left,” but claimed the company "gained some from the right."
“If Musk continues to lead and remain in the driver’s seat, we believe Tesla is on a path to an accelerated growth path over the coming years with deliveries expected to ramp in the back-half of 2025 following the Model Y refresh cycle,” Wedbush Securities analyst Dan Ives told The Washington Post.
"Hard to see the Cybertruck as anything other than a commercial failure at this point," O'Kane wrote on Bluesky.
FILE PHOTO: A Tesla Cybertruck is parked on a local Tesla dealer in Paramus, New Jersey, U.S., July 23, 2024. REUTERS/Eduardo Munoz/File Photo
After slumping in the second quarter, Tesla's Cybertruck has now reached two years of sales slump, TechCrunch senior transportation reporter Sean O'Kane wrote on Wednesday.
Tesla has struggled with sales across the board, the Washington Post reported Wednesday. However, O'Kane noted that the Cybertruck sales are particularly low.
"Tesla delivered 384,122 vehicles in the second quarter of this year, wrapping up another weak quarter for the company as it struggles to bring the pace of sales back up to 2023 levels," the report said, citing a press release from the company.
It's a 13.5% decrease from overall Tesla sales in the second quarter of 2022. The Cybertruck wasn't released until November 30, 2023, however.
"Tesla runs a real chance of underperforming its total sales figure from 2024. If that happens, it would mean Tesla’s sales will have fallen two years in a row — despite the company once promoting the ability to grow deliveries at 50% annually," O'Kane wrote.
The second quarter was slightly better than the first quarter of the year, but the first quarter was the worst ever in the past two years.
According to Musk, the bad first quarter was attributed to production lines being shut down as they launched the upgraded Model Y. That didn't happen in the second quarter, however, and sales remained in a slump.
In fact, Business Insider reported in May that some of the staffers working on the Cybertruck and Model Y were instructed to stay home, according to O'Kane.
However, Musk told Bloomberg in a May interview that sales were "strong everywhere else" except for Europe. He also confessed that Tesla “lost some sales from the left,” but claimed the company "gained some from the right."
“If Musk continues to lead and remain in the driver’s seat, we believe Tesla is on a path to an accelerated growth path over the coming years with deliveries expected to ramp in the back-half of 2025 following the Model Y refresh cycle,” Wedbush Securities analyst Dan Ives told The Washington Post.
"Hard to see the Cybertruck as anything other than a commercial failure at this point," O'Kane wrote on Bluesky.
Tesla reports lower car sales but figures better than feared
By AFP
July 2, 2025
Tesla reported lower auto sales again in the second quarter as CEO Elon Musk's political activism weighs on the company - Copyright AFP/File Alex MARTIN
John BIERS
Tesla reported another hefty drop in auto sales Wednesday, extending a difficult period amid intensifying electric vehicle competition and backlash over CEO Elon Musk’s political activities.
The EV maker reported 384,122 deliveries in the second quarter, down 13.5 percent from the year-ago period. Shares rallied after the disclosure, which was better than some leading forecasts in recent days.
The sales figures released Wednesday, which are global, reflect the more contested nature of the EV market, which Tesla once dominated, but which now also features BYD and other low-cost Chinese companies, as well as legacy western automakers like General Motors, Toyota and Volkswagen.
But Musk’s political activism on behalf of right-wing figures has also made the company a target of boycotts and demonstrations, weighing on sales. In recent days, Musk has revived a feud with US President Donald Trump, dragging Tesla shares lower on Tuesday.
The figures portend another poor round of earnings when Tesla reports results on July 23. Analysts currently project a drop of 16 percent to $1.2 billion in profits, according to S&P Capital IQ.
Tesla has faced questions about its dearth of new retail auto products to wow consumers after Musk’s futuristic Cybertruck proved polarizing.
Analysts will be looking for an update on the state of new offerings after Tesla said in April that it planned “more affordable models” in the first half of 2025. The company has begun deliveries of its revamped Model Y in some markets, according to news reports.
Tesla launched a long-discussed robotaxi venture in Austin, Texas, lending momentum to Musk’s branding of the company as at the forefront of autonomous and artificial intelligence technology.
But reports that the self-driving cars have driven recklessly have prompted oversight from US regulators.
Heading into Wednesday’s sales figure release, notes from JPMorgan Chase and Deutsche Bank had forecast bigger drops in second-quarter deliveries, citing poor figures in Europe especially.
The JPMorgan note was especially bearish, setting a December share price target of $115, down more than 60 percent from today’s levels and citing an expected drag from the elimination of US tax credits for EVs under Trump’s legislation moving through Congress.
But Wedbush’s Dan Ives said Wednesday’s “better-than-feared” report set the stage for growth.
“If Musk continues to lead and remain in the driver’s seat, we believe Tesla is on a path to an accelerated growth path over the coming years with deliveries expected to ramp in the back-half of 2025 following the Model Y refresh cycle,” Ives said.
– Political wildcard –
A wildcard remains how Musk’s shifting relationship with Trump could affect Tesla.
Musk donated more than $270 million to Trump’s 2024 campaign, barnstorming key battleground states for the Republican.
After the election, he oversaw the launch of the “Department of Government Efficiency,” a controversial initiative that eliminated thousands of government jobs that DOGE said were part of a pattern of waste, fraud and abuse.
But Musk has broken with Trump over the White House’s flagship tax and spending bill, which Musk rated as wasteful and misguided.
Musk has called the bill “utterly insane and destructive” and accused bill supporters of backing “debt slavery.”
In response, Trump has threatened to target Musk’s business empire and warned of deporting the South African-born Musk. Tesla shares fell more than five percent on Tuesday following this back and forth.
“This high-profile feud introduces political risk,” Briefing.com said in a note Tuesday.
“The personal nature of the conflict, amplified by Trump’s comments implying Tesla’s reliance on subsidies for survival, has sparked fears of broader policy shifts targeting Musk’s business empire. This political uncertainty undermines investor confidence.”
Tesla shares rose 2.8 percent early Wednesday.
By AFP
July 2, 2025
Tesla reported lower auto sales again in the second quarter as CEO Elon Musk's political activism weighs on the company - Copyright AFP/File Alex MARTIN
John BIERS
Tesla reported another hefty drop in auto sales Wednesday, extending a difficult period amid intensifying electric vehicle competition and backlash over CEO Elon Musk’s political activities.
The EV maker reported 384,122 deliveries in the second quarter, down 13.5 percent from the year-ago period. Shares rallied after the disclosure, which was better than some leading forecasts in recent days.
The sales figures released Wednesday, which are global, reflect the more contested nature of the EV market, which Tesla once dominated, but which now also features BYD and other low-cost Chinese companies, as well as legacy western automakers like General Motors, Toyota and Volkswagen.
But Musk’s political activism on behalf of right-wing figures has also made the company a target of boycotts and demonstrations, weighing on sales. In recent days, Musk has revived a feud with US President Donald Trump, dragging Tesla shares lower on Tuesday.
The figures portend another poor round of earnings when Tesla reports results on July 23. Analysts currently project a drop of 16 percent to $1.2 billion in profits, according to S&P Capital IQ.
Tesla has faced questions about its dearth of new retail auto products to wow consumers after Musk’s futuristic Cybertruck proved polarizing.
Analysts will be looking for an update on the state of new offerings after Tesla said in April that it planned “more affordable models” in the first half of 2025. The company has begun deliveries of its revamped Model Y in some markets, according to news reports.
Tesla launched a long-discussed robotaxi venture in Austin, Texas, lending momentum to Musk’s branding of the company as at the forefront of autonomous and artificial intelligence technology.
But reports that the self-driving cars have driven recklessly have prompted oversight from US regulators.
Heading into Wednesday’s sales figure release, notes from JPMorgan Chase and Deutsche Bank had forecast bigger drops in second-quarter deliveries, citing poor figures in Europe especially.
The JPMorgan note was especially bearish, setting a December share price target of $115, down more than 60 percent from today’s levels and citing an expected drag from the elimination of US tax credits for EVs under Trump’s legislation moving through Congress.
But Wedbush’s Dan Ives said Wednesday’s “better-than-feared” report set the stage for growth.
“If Musk continues to lead and remain in the driver’s seat, we believe Tesla is on a path to an accelerated growth path over the coming years with deliveries expected to ramp in the back-half of 2025 following the Model Y refresh cycle,” Ives said.
– Political wildcard –
A wildcard remains how Musk’s shifting relationship with Trump could affect Tesla.
Musk donated more than $270 million to Trump’s 2024 campaign, barnstorming key battleground states for the Republican.
After the election, he oversaw the launch of the “Department of Government Efficiency,” a controversial initiative that eliminated thousands of government jobs that DOGE said were part of a pattern of waste, fraud and abuse.
But Musk has broken with Trump over the White House’s flagship tax and spending bill, which Musk rated as wasteful and misguided.
Musk has called the bill “utterly insane and destructive” and accused bill supporters of backing “debt slavery.”
In response, Trump has threatened to target Musk’s business empire and warned of deporting the South African-born Musk. Tesla shares fell more than five percent on Tuesday following this back and forth.
“This high-profile feud introduces political risk,” Briefing.com said in a note Tuesday.
“The personal nature of the conflict, amplified by Trump’s comments implying Tesla’s reliance on subsidies for survival, has sparked fears of broader policy shifts targeting Musk’s business empire. This political uncertainty undermines investor confidence.”
Tesla shares rose 2.8 percent early Wednesday.
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