Comment by palmotea

Comment by palmotea 3 days ago

5 replies

> 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 3 days ago

It 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 3 days ago

    Tesla 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 3 days ago

      Hard to imagine it being profitable given the very low utilization of the production line and associated tooling.

      • malshe 3 days ago

        I 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