Tesla Faces Major Cybertruck Inventory Crisis Amid Sales Struggles

FREMONT, Calif. — Tesla is grappling with an inventory crisis as it holds nearly $200 million worth of unsold Cybertrucks, exacerbating challenges for the electric vehicle manufacturer more than a year after the truck’s production began.

As of early April 2025, the company has approximately 2,400 new Cybertrucks sitting unsold in its inventory. This situation arises despite initial claims of over a million reservations made for the vehicle. An unexpected decline in demand has forced Tesla to slow production to manage ongoing inventory pressures.

The Cybertruck, unveiled in 2019 with a promised starting price of $39,900, launched various editions, with early models now priced significantly higher. The base model is currently retailing around $60,990, while the specialized Foundation Series versions reach closer to $100,000. These price hikes, coupled with quality control issues, have contributed to decreasing consumer trust.

Last year, Tesla attributed lower delivery numbers to several factors, including production ramp efficiencies and the unavailability of a federal tax credit valued at $7,500. However, this year’s lack of excuses has raised concerns over the vehicle’s marketability.

“Tesla has sold only 47,000 Cybertrucks total, far from the 250,000 units per year that Musk projected. The market for the Cybertruck is proving to be notably challenging,” said Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management.

The situation has worsened with Tesla recently placing a hold on trade-ins for the Cybertruck. Many owners have reported being unable to trade in their vehicles for other Tesla models, resulting in frustration and a push to explore Lemon Law claims instead.

Sales issues have further compounded with a significant decline in used Cybertruck prices. Official reports indicate values have plummeted 55% year over year, with a 6% drop within the last month alone. This rapid depreciation has made potential buyers wary of investment into used models.

Adding to Tesla’s troubles, the company has faced a series of recalls, including a recent one affecting nearly all units sold due to a stainless steel trim issue. These calls to action by the National Highway Traffic Safety Administration highlight ongoing product reliability concerns, further diminishing consumer confidence.

The market response has been cautious, as even other dealerships are hesitant to acquire used Cybertrucks, often offering significantly lower prices amid fears of further declines in resale value.

In light of this crisis, analysts speculate that substantial price cuts may be forthcoming as Tesla seeks to bolster sales while managing its Foundations Series inventory. Some industry experts anticipate the introduction of a rear-wheel drive variant at a reduced cost could shift market dynamics in favor of the Cybertruck.

While these challenges loom, there remain questions about the future trajectory of the Cybertruck program. Despite skepticism, there are indications that improved designs or mid-cycle updates could alter consumer reception in 2026.