By Al Root
Turns out, used Cybertrucks are hot.
Tesla recently added pre-owned Cybertrucks to its website. It took about a day for them to be snapped up by buyers. Exactly how many and how fast is hard to say. Tesla didn't respond to a request for comment about its pre-owned Cybertruck inventory.
Fast selling is a bit of good news for the troubled truck. Tesla has sold about 63,000 Cybertrucks in the U.S. since its launch in November 2023. There is no other way to characterize that other than as a disappointment.
Tesla took in hundreds of thousands of pre-orders for new trucks. CEO Elon Musk had plans to sell some 200,000 per year. Sales just haven't materialized, though. U.S. Cybertruck sales in 2025 were about 20,000 units, down almost 50% year over year.
The truck has turned out to be a niche vehicle. Of course, price plays a role. The midtier trim starts at about $80,000. The "Cyberbeast" version starts at about $100,000. That's expensive.
That is one reason Cybertruck pre-owned inventory sold out fast. Buyers wanted a deal. Another reason is volume, which is likely small. There aren't all that many Cybertrucks coming off initial leases yet.
Tesla stock was down 1.3% in premarket trading Wednesday at $418.31, while S&P 500 and Dow Jones Industrial Average futures were down 0.1% and 0.4%, respectively.
Cybertruck news isn't likely to materially move the stock. Investors are focused on AI these days. They want to see more AI-trained Tesla robo-taxis on the road. Tesla launched a robo-taxi service in Austin, Texas, about a year ago. Expansion has been slower than expected. A handful of robo-taxis are operating in four cities.
Still, investors hope that self-driving cabs will unlock a new era of earnings growth for Tesla. That makes Tesla's purpose-built robo-taxi, the Cybercab, the most important model at the company right now.
Write to Al Root at allen.root@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
June 03, 2026 07:09 ET (11:09 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
