Tesla has paused Cybertruck production several days at its Giga Austin factory, signaling potential demand issues. Workers were sent home for three days but still received pay. The move suggests Tesla may be managing inventory due to slowing sales. In August, Tesla stopped taking orders for its least expensive Cybertruck, signaling possible demand concerns as more expensive models built up in inventory. It also introduced lease options to boost sales. The Cybertruck became the third-best-selling electric vehicle in the third quarter, behind only Tesla’s Model Y and Model 3. It also outpaced its EV pickup competitors.
Category
🗞
NewsTranscript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla has paused Cybertruck production for several days as its giga-oxygen factory,
00:06signaling potential demand issues. Workers were sent home for three days, but still received pay.
00:12The move suggests that Tesla may be managing inventory due to its slowing sales.
00:16In August, Tesla stopped taking orders for its least expensive Cybertruck,
00:20signaling possible demand concerns as more expensive models built up in inventory.
00:25It also introduced lease options to boost sales.
00:28The Cybertruck becomes the third best-selling electric vehicle in the third quarter,
00:32behind only Tesla's Model Y and Model 3. It also outpaced its own EV pickup competitors.