Guess they’re not really worth $800 million dollars, then, are they?
It’s probably the cost to produce them. That’s real countable money.
I think you mean thats the price they’d need to sell at for Tesla/Musk to cover production costs, cover the sunk costs of already made capital investments (Mexico Gigafactory, etc), cover the ongoing costs of ‘Full Self Drive’ development, cover the debt of the company, cover a significant chunk of Musk’s personal debt from his leveraged buyout of Twitter (he had to finance that), and/or also some actual profit margin, go toward future stock buybacks, etc etc…
The article says, and cites, that there are over 10k unsold CyberTrucks.
10k * 80k = 800m
80k being the MSRP for the base model.
(In the case of Tesla, they own and directly operate their own dealerships, unlike most other car dealerships which are owned independently… thus the MSRP just literally is the only price you can buy them at. Tesla also makes you sign contracts when you buy a CyberTruck that more or less make it legally near impossible to resell your purchased CT second hand.)
MSRP != Cost to Produce.
If that were the case… basically all companies that sell physical things… would be Non Profits.
If you have access to Tesla’s internal accounting and finance numbers that can actually show a CyberTruck’s actual cost to produce, not only would I personally love to see that, but so would the government of Canada, I suspect, as they are currently investigating Tesla for essentially accounting fraud.
If something can’t actually sell at MSRP…
… analagously, if a house sits on market for 6, 9, 12 months, and can’t sell at a too high price…
Then the person trying to sell the thing has not recieved any real countable money; the price is likely wildly unrealistic.
The Cybertruck, a once massively hyped vehicle
It was never ‘massively’ hyped…no one I know thought this thing looked cool, would actually be usable as a truck or be worth the money they asked for it…hundreds of contractors, didn’t give two shots about this…media hyped it, nothing more. Sure it was talked about, but mostly how stupid it looks. that’s not hype.
The Cybertruck has always been a vehicle designed by a childish mind for equally puerile customers. Now it’s also a strong indicator that you might be a bit of a Nazi if you own one.
So yeah, I don’t expect it to sell too well, as most motorists are adults who tend to dislike Nazis, or would prefer it if they didn’t have to worry constantly about their vehicle being defaced by non-Nazi adults.
I’ve seen fundraisers where they let people pay a few bucks to smash a scrap car with a sledge for a few minutes. Maybe they can get a little return by doing that
I’ll take off them off your hands Elon. $20 for the lot.
It’s all computer!
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