Tesla is reportedly sitting on $800 million worth of Cybertrucks that, according to some reports,‘nobody wants.’
It’s been a pretty rough stretch for the electric vehicle giant. While the brand helped Elon Musk rise to the top as the richest man in the world, Tesla’s fortunes have taken a dramatic downturn this year.
Since Musk stepped into a new political position as head of the Department of Government Efficiency (DOGE), he’s been tied up trying to cut $2 trillion from the federal budget. That shift in focus may be costing Tesla big time.