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> Why would cybertruck be cancelled? IIRC, the fully-electric F150 Lighting was canceled due to poor sales, and its sales were better than the Cybertruck's.
by palmotea 9mo ago
> Why would cybertruck be cancelled?
IIRC, the fully-electric F150 Lighting was canceled due to poor sales, and its sales were better than the Cybertruck's.
- WillPostForFood 9mo agoIt isn't just about sales, it is about margin. F150 Lightning was losing money on each unit produced - they cost about 40% more to product than they sold for. Cybertruck has a positive gross margin, so even though sales are terrible, they don't have have a pressing financial need to cancel it.
- malshe 9mo agoTesla doesn't disclose the gross margin on Cybertruck. They may say it is positive but if nobody knows what constituted those gross margins or what they amounted to, it's pretty much meaningless.
- klaff 9mo agoHard to imagine it being profitable given the very low utilization of the production line and associated tooling.
- malshe 9mo agoI agree. I am quite confident that if someone challenges them on this claim, they will say it was non-GAAP gross margin, which excluded all the crucial expenses
- groundzeros2015 9mo agois your position that large electric trucks can't succeed in the near future?