Elon Musk’s 250,000 Cybertruck Goal Falls Well Short: New Data Shows Only 13% of Goal Sold Annually

10/8/2026
Impact: -70
Consumer Cyclical

Tesla Inc's Cybertruck, launched in 2023, has significantly underperformed against Elon Musk's goal of selling 250,000 units annually, with current sales estimated at only 28,000 to 32,000 units, representing about 13% of the target. In the third quarter, Tesla sold approximately 8,295 units across its 'Other Models' category, which includes the Cybertruck, reflecting a 48% year-over-year decline. Despite a production capacity of 125,000 units at its Texas facility, demand remains low, exacerbated by upcoming competition from Ford's Fathom EV truck, which is priced significantly lower than the Cybertruck's starting price of $74,990.

AI summary, not financial advice

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