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

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.

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