Musk's SpaceX purchases over 1,000 Cybertrucks as demand plummets: 'You have to wonder what other tricks they pull

[Yo_Mama_Been_Loggin]

Elon Musk is resorting to one of the oldest tricks in the book, robbing Peter to pay Paul, to boost demand for Cybertrucks.

What's happening?
Electrek reported on how Musk is using one of his companies, SpaceX, to help make up for a massive shortfall of a market for the controversial Cybertruck.

Tesla is facing challenges selling even 20,000 Cybertrucks annually, far below Musk's initial projections of 500,000, per Electrek's analysis. As a result, Tesla is left with large stockpiles of the vehicles even as they've heavily reduced their production.

Making a small dent in the inventory is SpaceX. The company has already bought over 1,000 Cybertrucks with room to double its fleet. An X user shared a video of a lot teeming with the vehicles.

Link to tweet

https://finance.yahoo.com/news/elon-musks-spacex-purchases-over-000500075.html

[bucolic_frolic]

1. I wonder if the flat panels will prove useful in building battleships.

Just a little collusion.

[Lochloosa]

2. Ugliest truck and company on the planet.

[durablend]

9. Dumpster on wheels

[NameAlreadyTaken]

3. A tax write-off?

[in2herbs]

4. I thought his multi-billion retirement package contained markers Tesla would have to meet in order to get paid.

So is he using our tax money to buy these "trucks" so that he can meet the markers to get his retirement package???

[sakabatou]

5. Eloon is cooking the books

[mopinko]

11. he doesnt get his $1t if he doesnt get the numbers.

he’s never gonna see that money, but he’s gonna try to fake it.

[mwmisses4289]

6. Maybe he would sell more if they weren't expensive pieces of junk.

[johnnyfins]

7. Deploreans are the ugliest, dumbest looking

vehicles on the road. I laugh at every one I see.

[Buns_of_Fire]

8. They might work as artificial reefs. nt

[edhopper]

10. With money from our

Government?

[Bluetus]

12. OK. I'll ask the dumb question.

Why does SpaceX need ANY pick-up trucks, let alone 1000?

This seems like cooking the books, but it is cooking the SpaceX books more than the Tesla books.