Remember those million pre-orders Tesla allegedly had for the Cybertruck, according to CEO Elon Musk? It’s getting tougher and tougher for the company to explain where all of them went.
After putting around 50,000 Cybertrucks on the road, according to a recent recall filing, the company appears to be out of pre-orders and desperately looking to juice demand. Case in point: It’s now offering up to $10,000 off certain Cybertrucks it has in inventory.
This would be a matter for the Securities and Exchange Commission to come crashing down on them. This kind of statement is designed to manipulate the market, and in a normal world, would be heavily punished.
Which is why they’re killing it.