Comment by annexrichmond
12 hours ago
How do you suppose Cybertruck is a failure? I see just as many of them as Rivians, while releasing over 5 years later.
12 hours ago
How do you suppose Cybertruck is a failure? I see just as many of them as Rivians, while releasing over 5 years later.
They built production capacity for 125,000-250,000 units per year. They are selling around 20,000 units per year.
It was supposed to cost $39k at the low end and have 500 miles of range at the high end. This drove the hype and high reservation numbers.
In reality it costs $79k and offers up to 325 miles of range. Doubling the price is going to significantly limit the reach of the product.
It was estimated at >200k/year, but in reality is well under 50k/year. I'd say that is a failure compared to their guidance.
They are so proud of the Cybertruck sales that they don't eevn dare to disclose sales figures. That's the sign of a market success.
Ignoring who makes it, this kind of gimmickmobile usually sells well for about a year, and then everyone who wants one has one. It was never going to be a tentpole.
Rivian is not making money on those trucks either... I wouldn't count that as a win.
I regularly see Rivians. I've never once seen a Cybertruck in real life. (Midwest USA)