Home » Tesla Sold Nearly 1-in-5 Cybertrucks In Q4 To Companies Owned By Elon Musk

Tesla Sold Nearly 1-in-5 Cybertrucks In Q4 To Companies Owned By Elon Musk

Indianapolis February 28, 2025: Tesla Cybertruck Display At A Dealership. Tesla Offers The Cybertruck With Driving Range Of Up To 334 Miles. My:2025

The Tesla Cybertruck was supposed to be a big seller when it went on sale a few years back, according to CEO Elon Musk. The space-age-designed, stainless-steel-bodied electric pickup garnered an incredible 200,000 refundable pre-orders within the first five days of its unveiling in late 2019, with that number reportedly growing to over 1.2 million pre-orders by mid-2021.

After repeated delays, the Cybertruck finally went into production in late 2023, and sales haven’t exactly kept up with expectations. It was the fifth-best-selling EV in America in 2024, garnering nearly 39,000 sales, according to Cox Automotive estimates. In 2025, that number plunged by nearly 50% in 2025 to just over 20,000 units.

Vidframe Min Top
Vidframe Min Bottom

Those figures fall far short of Musk’s predictions. In late 2023, right before the Cybertruck went on sale, he told investors the Cybertruck would be selling at more than ten times what it actually did in 2025:

“If you say, ‘well, where will things end up?’ I think we’ll end up with roughly a quarter-million Cybertrucks a year. And I don’t think we’re going to reach that output rate next year. I think we’ll probably reach it sometime in 2025. That’s my best guess.”

Cybertruck 91
Source: Jason Torchinsky

Apparently, things are even worse than they seem for Cybertruck sales. According to sales data from S&P Global Mobility seen by Bloomberg, it seems nearly 20% of the Cybertrucks sold through the last three months of 2025 were simply sold to other companies also controlled by Musk. From the report:

SpaceX, the Musk-led rocket and satellite maker, accounted for 1,279 — or more than 18% — of the 7,071 Cybertrucks registered in the US during the fourth quarter, according to registration data that S&P Global Mobility provided to Bloomberg News. The billionaire’s other ventures acquired another 60 vehicles during those months.

That means almost one in every five Cybertrucks registered during the period were delivered from one part of Musk’s sprawling business empire to another. And the purchases, likely exceeding $100 million in value, have continued into this year.

In addition to SpaceX, Bloomberg says Cybertrucks were also sold to xAi, the Boring Company, and Neuralink, all also Musk-led companies. While it’s not clear whether these companies needed these trucks, I can sort of see why SpaceX and the Boring Co. would have some uses for them. But xAi and Neuralink? I can’t imagine those examples are doing anything more than just sitting in parking lots or being driven back and forth to work by employees.

Cybertruck 38
Source: Jason Torchinsky

There are a few reasons why Cybertruck sales haven’t reached the heights Tesla expected. For one, it came out two years later than it was originally supposed to, at a price more than double than originally promised (the first Cybertrucks were nearly $100,000, versus a promised sub-$40,000 base price). Pair that with the truck’s polarizing design and Musk’s divisive involvement in federal government affairs last year, and it’s easy to see why some buyers might’ve been turned off.

There’s also the greater flattening of EV sales as a whole in America, in part due to the $7,500 federal tax credit ending back in September. It’s not like the Cybertruck is the only electric truck that’s suffering. Sales of what was formerly the most popular battery-powered pickup, the F-150 Lightning, fell by 60 percent in Q4 before Ford took it out of production permanently in December. Meanwhile, the Chevy Silverado EV, its closest competitor, managed to scrape up just 2,756 sales through the entirety of 2025. Sales of the Rivian R1T fell by 33% in 2025 to just 7,416 units, according to Cox Automotive.

Musk essentially just moving his products from one of his companies to another to possibly inflate sales numbers is objectively pretty funny, and comes at a time when Tesla isn’t doing as well as it used to. The company’s sales peaked in 2023 at 1.81 million deliveries, then fell to 1.78 million in 2024 and 1.63 million in 2025. It’s been overtaken by Chinese carmaker BYD as the world’s largest carmaker, and while sales were up slightly in the first quarter of 2026, they still fell short of analyst expectations.

Cybertruck 99
Source: Jason Torchinsky

How does Tesla plan to turn things around? If you believe Musk, it’ll be humanoid robots and autonomous robotaxis that will push the company’s value to the next level. But, as Bloomberg points out, those things are still years away from becoming profitable arms of the business. So in the near term, Tesla still needs to sell cars. In addition to swapping Cybertrucks between Musk-led companies, the CEO also proposed targeting more fleet sales:

“There’s obviously a market there for cargo delivery,” he said in January during a Tesla earnings call. “There’s a lot of cargo that needs to move locally within a city, and an autonomous Cybertruck could be very useful for that.”

To boost sales in other parts of the lineup, Tesla revealed cheaper versions of the aging Model 3 and Model Y back in October. And according to another report released last week, the company is looking into building an entry-level, $25,000 EV that Musk himself once called “silly” and “pointless,” reportedly due to the lagging adoption of autonomous vehicles in some worldwide markets.

Tesla Cybercab Large
Source: Tesla

Seeing as how affordability is at the front of everyone’s minds these days, introducing a back-to-basics, entry-level car that people can actually afford seems like a smart move. But Tesla is known for reversing plans and years-long delays (that Roadster is coming any day now), so it’s tough to say right now whether the company can jumpstart sales in a meaningful way.

Top graphic image: DepositPhotos.com

 

 

 

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Greg
Member
Greg
1 month ago

I guess its the most effective way to make the over production of this not such a loss. If they need cars for employees might as well do this. I don’t understand how this was mass produced before the roadster, even one that under performed from promises, but still had the looks.

This was never going to be a mass market car, and its been nothing but an egg on Tesla’s face. Oh well. Let the tax avoidance continue.

Stef Schrader
Member
Stef Schrader
1 month ago

lol, lmao even

Ben
Member
Ben
1 month ago

Musk looked at the AI industry passing the same dollar around to 5 different companies and calling it $5 in revenue and figured he could do the same thing with Cybertrucks.

Andy Individual
Andy Individual
1 month ago

Well wrap me surprised…

Pappa P
Pappa P
1 month ago

If you believe the figures, the world is 7% white.
Musk has told the other 93% that he doesn’t want our business, and he repeats that sentiment daily to his millions of followers.
We hear you loud and clear, and we won’t be able to unhear what we have heard.
I was a long time Tesla supporter, but after showing his cards, Musk will never see a penny of my money.
This man threw his whole brand into the gutter just so he could promote the hate that is in his heart to the entire world.
Hope it was all worth it.

Phonebem
Member
Phonebem
1 month ago
Reply to  Pappa P

I hear you. I was also a proponent of Tesla for what they’ve done for mainstreaming renewables. I’m willing to give credit where it’s due (charging infrastructure, making EV’s broadly appealing, etc.) but his spending roughly two years calling myself and my wife (both federal employees) lazy parasites who don’t deserve any comfort or happiness have more than soured that goodwill. I’m to the point that I’d rather burn a dollar than give it to any company associated with Musk.

Mike Vaivada
Mike Vaivada
1 month ago
Reply to  Pappa P

That hate was always there even before he started Tesla for anyone willing to just scratch a bit below the surface and look at his family history.

Pappa P
Pappa P
1 month ago
Reply to  Mike Vaivada

It’s true. As we often do, we had to swallow up some uncomfortable truths for the benefit of the greater good.
When Musk brought his dark side to the forefront, he left us no choice but to renounce our support.

VictoriousSandwich
VictoriousSandwich
1 month ago
Reply to  Pappa P

Yeh at this point there’s plenty of solid EV competitors if a person wants one I can’t in good conscience support this company (even by buying a used product) and get kind of pissed when I see someone with a brand new Tesla these days.

Martian
Martian
1 month ago
Reply to  Pappa P

I’m authentically curious about what you’re referring to. I don’t pay much attention to Musky the over promising squirrel, so I’m eager to know what you’re basing your sentiment on. Do tell!

Pappa P
Pappa P
1 month ago
Reply to  Martian

Many white South Africans fled South Africa after the era of white supremacist apartheid ended.
Musk was one of them.
Those who support the white supremacist movement in South Africa have claimed that the end of apartheid has resulted in a “white genocide” in the country. The notion being that South Africa was better off under white supremacist rule.
In America, Musk was one of the people running the country when Trump was elected for the current term. He used his position to confront the current South African government on behalf of white supremacists.
He produces daily posts about this “white genocide.” The claims lack substance, and are largely based on propaganda and lies.
It’s similar to when slavery ended in the US, and shortly after groups of men formed a militia to attack and lynch black people, because they saw the freedom of black people as a form of white oppression.
On top of all of that, Musk is very vocal about his disdain for non-white immigrants, a sentiment which it seems really brought Trump and himself together. ICE would have never existed without Musk’s influence.
Late deliveries and over-promising on products don’t really bother me, but they definitely leave him open to criticism.
It’s the proliferation of hate which I oppose.

RidesBicyclesButLovesCars
Member
RidesBicyclesButLovesCars
1 month ago

I don’t expect the Cybercab to sell to well either. Why would someone buy a car just to let Tesla control almost every aspect of it? Tesla is shifting the financial risk of operating a taxi fleet away from itself. If the cabs are successful, Tesla could pull the same tricks as Uber, Lyft and Turo by keeping a larger slice of the fares for themselves.

Vetatur Fumare
Member
Vetatur Fumare
1 month ago

Yeah, why would anyone believe that the terms and conditions would remain the same throughout ownership?

Phil
Phil
1 month ago

Well, good news for humanity I guess. The varietal of dipshit who gravitates toward this abomination is smaller than I thought, and all tapped out.

Horizontally Opposed
Member
Horizontally Opposed
1 month ago

I am legit wondering if sense will walk back into the Tesla HQ at some point and they take the platform already developed and turn it into a usable, sellable truck. My bet is a no since Elon needs to first acknowledge it’s a failed product.

Vanagan
Member
Vanagan
1 month ago

My take is, that I honestly like the products besides this truck, and feel for any engineer who just wants to make a car and get it out the door, but until they have a change of leadership (which won’t happen without a collapse) they will never get the chance to live in a company that doesn’t react vs plan.

*Jason*
*Jason*
1 month ago

Turning it into a usable, sellable truck would basically require a fresh redesign.

BOSdriver
BOSdriver
1 month ago

Truck, maybe. True, full size EV SUV, yes.

SlowCarFast
Member
SlowCarFast
1 month ago

This is the car sales version of shell bidding: Blatantly deceptive and somehow the stockholders are fine with it.

Dodsworth
Member
Dodsworth
1 month ago

The world will be a better place without that hideous lump. I don’t care for the Cybertruck either.

Hoonicus
Hoonicus
1 month ago

Get Your Ass To Mars” 

David Hollenshead
David Hollenshead
1 month ago
Reply to  Hoonicus

We could send fEloin Musk & Fascist Donald Trump to Mars, who cars that we don’t have adequate radiation shielding or life support systems yet for a six month trip…

Cheap Bastard
Member
Cheap Bastard
1 month ago

“But xAi and Neuralink? I can’t imagine those examples are doing anything more than just sitting in parking lots or being driven back and forth to work by employees.”

My imagination makes them criminally insane AI beta platforms that escape the parking lot to autonomously hunt cyclists, pedestrians, children and pets.

Dave M.
Dave M.
1 month ago

That’s a shame. 10 years ago Tesla was cutting edge. Now they just make mediocre EVs with considerably sketchy build quality.

Paul E
Member
Paul E
1 month ago

Elon is well on his way to making another post from The Onion come true–in this case, the one where his neighbors are complaining about all the dead Cybertrucks parked on his front lawn….

https://theonion.com/elon-musk-s-neighbors-fed-up-with-eyesore-yard-covered-1851446594/

Last edited 1 month ago by Paul E
Jay Vette
Member
Jay Vette
1 month ago

Elon and our president are the epitomes of “too big to fail”. You’ve never seen either them fall down any stairs because if they ever did, they’d defy gravity and fall up them

Njd
Member
Njd
1 month ago

The quarter million a year idea was always crazy, but it’s especially nuts considering that the iteration of the cyberpunk/vaporwave aesthetic fad this was designed within was pretty much over by the time the thing was announced!

Hotdoughnutsnow
Hotdoughnutsnow
1 month ago

I think we’ll end up with roughly a quarter-million Cybertrucks a year”

I would have walked out at that moment. Shame on anyone who bought into that delusion.

Peter Spinale
Peter Spinale
1 month ago

Have you heard about MLM?? Same level of trust belief delusion..

3WiperB
Member
3WiperB
1 month ago

Remember when getting a company car was a huge perk?

Stef Schrader
Member
Stef Schrader
1 month ago
Reply to  3WiperB

“Are there company shoes? I’d rather walk.”

DONALD FOLEY
Member
DONALD FOLEY
1 month ago
Reply to  Stef Schrader

Floresheim.

Stef Schrader
Member
Stef Schrader
1 month ago
Reply to  DONALD FOLEY

ooooof lolololololol

Space
Space
1 month ago

OK, but which sucker got stuck with the other 80% of CyBerTruKs?

James McHenry
Member
James McHenry
1 month ago
Reply to  Space

People who believed the PrOpaGanDa?

V10omous
Member
V10omous
1 month ago

“There’s a lot of cargo that needs to move locally within a city, and an autonomous Cybertruck could be very useful for that.”

This isn’t actually wrong, but surely a vehicle that was optimized for the task would better fit the bill. Thinking of you, Rivian Amazon van.

Max Headbolts
Member
Max Headbolts
1 month ago
Reply to  V10omous

Yeah the CyberTruck is not built for this use case, and is either too small, or too large to fill this need. For something like a grocery or food delivery vehicle, it’s too tall, and hard to navigate tight city spaces. For last mile delivery it’s too small to carry enough cargo to make it worthwhile.

Njd
Member
Njd
1 month ago
Reply to  Max Headbolts

The only common use cases I can think of for something with that kind of storage volume are things like medical couriers, pastry deliveries, floral deliveries, and similar. But those all need climate controlled cargo space and they certainly don’t need a near 6 figure vehicle to do it.

Chris D
Chris D
1 month ago
Reply to  Njd

A minivan would be much more practical for those use cases.
An well-designed electric minivan about the size of the original Previa would be versatile and would probably sell rather well – much better than this joke of a pickup truck.

DialMforMiata
Member
DialMforMiata
1 month ago
Reply to  Max Headbolts

Plus it actively tries to injure you when you use the bed.

Paul E
Member
Paul E
1 month ago
Reply to  DialMforMiata

The bed is “interactive”.

Peter Spinale
Peter Spinale
1 month ago
Reply to  Max Headbolts

That’s the amazing part, the weirdo designed a “truck” that’s too small to truck, and too large to car, and not even minivan. It’s actually impressive to create a vehicle with no redeeming qualities.

TheDrunkenWrench
Member
TheDrunkenWrench
1 month ago
Reply to  V10omous

The actual running gear of the CT would lend itself very well to a box van. The DBW steering means any seating position or just fully autonomous.

Phonebem
Member
Phonebem
1 month ago

That’s the thing that I find so uniquely aggrivating about the CT. There are things that are actually pretty clever or actually good (credit where it’s due) about the mechanicals but the truck is so utterly compromized because it “had” to look the way it does.

Last edited 1 month ago by Phonebem
V10omous
Member
V10omous
1 month ago

A company willing to be a little less “based” and a little more ruthless in seeking new markets would probably have engineered a van or SUV body for the CT frame already.

TheDrunkenWrench
Member
TheDrunkenWrench
1 month ago
Reply to  V10omous

The CyberTruck is just into Looksmaxxing, you wouldn’t understand because you’re a beta sigma jestergooning cuck. Or whatever the hell buzzwords those “Alpha Bros” use.

Phonebem
Member
Phonebem
1 month ago
Stef Schrader
Member
Stef Schrader
1 month ago
Reply to  Phonebem

Gosh, these are so cathartic.

The worst vehicle I’ve ever driven is also the worst vehicle Mr. Regular has ever driven. Aside from an unnecessary stray thrown at Fisher-Price (maker of the Puffalumps), it’s perfect.

Phonebem
Member
Phonebem
1 month ago
Reply to  Stef Schrader

Yeah, they were something of a return to classic form for Mr. Regular.

Stef Schrader
Member
Stef Schrader
1 month ago
Reply to  Phonebem

Fisher-Price would never, though. Not the maker of my round, soft, cheerful, lightweight stuffed-animal buddies. Also, my Power Wheels 911 actually has a volume knob for the radio. I’m just saying!

(Definitely a return to form, even if Fluffy Bunny may want to fight him for a lack of respect on FP’s name.)

Phonebem
Member
Phonebem
1 month ago
Reply to  Stef Schrader

I’ll apologize to Fluffy Bunny on behalf of Mr. Regular. There was no call for FB to be catching strays…

Stef Schrader
Member
Stef Schrader
1 month ago
Reply to  Phonebem

Oh, no worries, Fluffy wasn’t fond of the Cybertruck, either. Those rough edges would be hell on vintage parachute material.

Phonebem
Member
Phonebem
1 month ago
Reply to  Stef Schrader

I see that, it would kind of be the definition of an existential threat.

Last edited 1 month ago by Phonebem
Rod Millington
Rod Millington
1 month ago
Reply to  Phonebem

Second one doesn’t work at work (yay restricted mode), but the Cybertruck one brings me back to the heady days of his Hayabusa review

Phonebem
Member
Phonebem
1 month ago
Reply to  Rod Millington

https://youtu.be/txb79zMKFv4?si=4F3lDtLXughAGcM-

In case the link still doesn’t work, it’s the most recent vid on the channel. I honestly can’t remember Mr. Regular going that hard on a vehicle.

Alter Id
Alter Id
1 month ago

El Clavicamino!

4moremazdas
Member
4moremazdas
1 month ago
Reply to  V10omous

The big problem I see with it is he’s leaning more on it from an “autonomous” point of view where he sees Tesla’s autopilot as the main benefit and the CT is just the only Tesla that could carry cargo.

But cargo deliveries within a city are basically the worst case scenario for autonomous driving. The routes are constantly changing, there are a ton of unpredictable variables, and you still need someone on board to unload the cargo at the right place, so there’s no labor savings even if you can get the autonomy to work.

Tesla has some great tech, to be sure, but if you’re constantly trying to sell it on the autonomy bit you’re not going to get far.

Phonebem
Member
Phonebem
1 month ago
Reply to  4moremazdas

and you still need someone on board to unload the cargo at the right place, so there’s no labor savings even if you can get the autonomy to work.

I see a perfect use case for the Tesla robot, nothing could possibly go wrong… /s

Cerberus
Member
Cerberus
1 month ago
Reply to  4moremazdas

CTs also can’t carry a lot of cargo.

SlowCarFast
Member
SlowCarFast
1 month ago
Reply to  V10omous

Ergonomics is not Elon’s concern. Repetitive stress injuries? Workman’s comp? Those are for sissies!

JP15
Member
JP15
1 month ago
Reply to  V10omous

Side note, but the Rivian Amazon vans make me smile every time I see one (which is a few times a today in my neighborhood). I love their happy little “faces” and they seem like such a well-engineered vehicle for their intended purpose.

Shrink down the dimensions a bit, and it’s what the new USPS mail trucks should have been instead of that Oshkosh monstrosity.

Arch Duke Maxyenko
Member
Arch Duke Maxyenko
1 month ago

It’s like the AI bubble economy, just money being shuffled around 4 companies and stock prices going up.

Huja Shaw
Member
Huja Shaw
1 month ago

If you take a dollar from your left pocket and put it in your right pocket, you don’t suddenly have two dollars.

Phonebem
Member
Phonebem
1 month ago
Reply to  Huja Shaw

But according to the markets, you do. Line must go up!

NC Miata NA
Member
NC Miata NA
1 month ago
Reply to  Huja Shaw

But if you take a dollar from your left pocket, put it in your right pocket, and you make an AI bot that says you have $5 in your pockets then your company is worth $42 billion.

4moremazdas
Member
4moremazdas
1 month ago
Reply to  Huja Shaw

You do if your accountant is creative enough!

Hangover Grenade
Hangover Grenade
1 month ago
Reply to  Huja Shaw

Only if you’re poor. If you’re already rich, you’re leveraging assets!

Lincoln Clown CaR
Member
Lincoln Clown CaR
1 month ago
Reply to  Huja Shaw

What if your right pocket loans it back to the left one?

*Jason*
*Jason*
1 month ago

You just described the Social Security Trust Fund

Rod Millington
Rod Millington
1 month ago

Looking at you AllBirds.

Phonebem
Member
Phonebem
1 month ago
Reply to  Rod Millington

Thanks to today’s episode of The Distraction podcast, I get that reference!

4jim
4jim
1 month ago

Is this related to the political action committees buying loads of politicians’ books to make them “best sellers”??

Space
Space
1 month ago
Reply to  4jim

That’s not creative enough. You gotta place your people in the companies and change “best selling list” into “what I like list”. For example the New York Times list is not 100% based on sale #’s.

Ranwhenparked
Member
Ranwhenparked
1 month ago
Reply to  4jim

Or publishers giving multimillion dollar advances to politicians to write books that immediately get dumped into Ollie’s discount stores

4jim
4jim
1 month ago
Reply to  Ranwhenparked

I miss living near an Ollie’s

Ranwhenparked
Member
Ranwhenparked
1 month ago
Reply to  4jim

Best place for books, honestly

Also carpet/flooring remnants, if you have a small space to do

Cerberus
Member
Cerberus
1 month ago
Reply to  4jim

I was thinking Scientologists buying Dianetics to keep it in the best seller list.

Terry Mahoney
Terry Mahoney
1 month ago

Can’t these just go away already. And take Trump’s Himmler while we’re at it. Goose stepping POS.

Even my teenage kids know these rolling dumpsters are ugly. They call them out every time we see one. And I didn’t even have to point out how garbage they are. When you’ve lost the kids, you’re product is doomed. They ridicule them. They’re not cool. And that doesn’t bode well.

Last edited 1 month ago by Terry Mahoney
Phonebem
Member
Phonebem
1 month ago
Reply to  Terry Mahoney

Have you seen the two most recent Regular Car Reviews? Something tells me you’d be amused…
https://youtu.be/L3oO510dyVI?si=EmrJeWjHSwyXgZi6
https://youtu.be/txb79zMKFv4?si=Go6Yq79LZHmvzN3w

Ranwhenparked
Member
Ranwhenparked
1 month ago

Clearly this means a rental car company is the logical next acquisition for Musk, because those are rookie numbers. Could easily get that to 40% or more that way

Phonebem
Member
Phonebem
1 month ago
Reply to  Ranwhenparked

Honestly, I’m kind of surprised he hasn’t already done this. It would be a convenient way to “unload” unsold stock or use as an excuse to juice sales numbers. Line must go up!

Last edited 1 month ago by Phonebem
SoCoFoMoCo
Member
SoCoFoMoCo
1 month ago
Reply to  Ranwhenparked

That already failed. Remember when Hertz bought 20,000 Teslas and then dumped them all within a year?

Ranwhenparked
Member
Ranwhenparked
1 month ago
Reply to  SoCoFoMoCo

If Musk buys them and rebrands as Xertz they’ll have no choice

SoCoFoMoCo
Member
SoCoFoMoCo
1 month ago
Reply to  Ranwhenparked

Genius!

Cerberus
Member
Cerberus
1 month ago
Reply to  Ranwhenparked

Is there some old sci-fi or outdated comedy that had a jokey rental company name he could use? That I can’t think of one off hand probably means it isn’t meme-y enough for him, but if he finds out about one, that could be the next step.

Ranwhenparked
Member
Ranwhenparked
1 month ago
Reply to  Cerberus

Well, I mean, the recurring villains in The Orville worship an extraterrestrial deity called Avis, the running joke is their god is a 21st century car rental company. Not sure if Elon is a Seth MacFarlane fan though

Last edited 1 month ago by Ranwhenparked
DialMforMiata
Member
DialMforMiata
1 month ago

The failure of the Cybertruck gives me at least a modicum of hope that our nation actually still has a maximum threshold for performative dipshittery.

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