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Posted by jdenquin 10/25/2024

Tesla's Cybertruck is outselling almost every other EV in the US(www.businessinsider.com)
121 points | 393 commentspage 2
Terr_ 10/25/2024|
This kind of summary is tricky because the answer can depend on the bucketing that occurs from the spread of models or manufacturers.

The linked Kelly Blue Book report tables are probably more-useful, and state that in Q3, 4.8% of the vehicles sold were Cybertrucks.

I'm not familiar with pickup-truck-adjacent vehicles, but I notice the "Ford F-150 Lightning" was 2.1%, and the "GMC Hummer Truck / SUV" was 1.2%.

tedd4u 10/27/2024||
It's impressive. But to be fair, a totally novel item should be expected to have pent up demand that smooths out over time. The F-150 was introduced 49 years ago so demand has smoothed already.
NewJazz 10/27/2024||
GM has Silverado and Sierra EV trucks on the same platform as the Hummer.
Spivak 10/25/2024||
I think the take-away from this is that EV market in the US is a long-ways away from economy cars when the #3 selling car is $100k.

You can't even find middling used EVs for sub $20k. They're all just Chevy Bolts people were desperate to unload.

HWR_14 10/25/2024||
I thought the Bolt had a good reputation. What's wrong with them?
jeffbee 10/25/2024|||
Arguably their lack of extremely fast DC charging. But many of them got brand new replacement batteries, and the last wave off-lease have low miles. Looking at a wholesale price index, it seems that Bolt EUVs are $22-23k, which is similar to the prices of Model 3 (24-28k, but they don't separate standard and long range; the Bolt had only 1 variant).
throwaway48476 10/27/2024||||
I found the bolt to be very cramped.
efields 10/25/2024|||
No L2 charging for one.
wffurr 10/25/2024||
What do you mean? All Bolts support level 2 charging via the standard J1772 adapter up to 7.2 kW or 11.8 kW depending on model year.

Level 3 charging aka DC fast charging was an option on them, so not all have the extra pins needed for a CCS charger.

I'm pretty happy with my 2017 Bolt which has the DC fast charging option. I wish it had distance-keeping cruise control; it's frustrating because it has the cameras and will even report following distance on the dash, but doesn't have the adaptive cruise feature for whatever reason. I also wish it charged a bit faster; 50 kW max is a little slow for road trips.

Next car is probably a 2022 Hyundai Ioniq 5, which has has both features and is also pretty reasonable. Prices on the used models are slowly coming down.

bluGill 10/25/2024||
New cars have always been expensive. The average car is 12 years old in the US, not many EVs were available in 2012, but a lot of used cars are older than that. Give it time and EVs will drop in price. Though with charging standards changing it will be a while just because some cars will not be chargeable.
GMoromisato 10/25/2024||
Anecdata, but in the Bay Area I see a Cybertruck almost every time I go out. At the beginning of the year it was once per month. Now there are two or three Cybertruck owners in my immediate neighborhood.

I don't like the look, personally, but my kids love it.

NewJazz 10/27/2024||
I was at a park. Ct pulled up to a stop sign. Kid playing drops their toy, runs into the field toward the truck, and says in awe "Cybertruuuuuck!".

People buy them as big toys.

insane_dreamer 10/29/2024|||
PNW here, I see a Rivian (or multiple) every time I go out -- only very rarely a Cybertruck.

Don't know which part of the country is buying the cybertrucks but I don't think it's here.

Rivian now has dedicated charging stations now out in wilderness-type places (i.e., at the entrance to national parks).

inferiorhuman 10/25/2024||
Sure, I'm in the Bay Area too. I see Rivians daily. Had an F-150 lightning pull up next to me yesterday. Every once in a while I'll see a Luicd whatever. Can't remember the last time I've seen a Cybertruck (on the road or broken down). In the past week I've seen a couple Hummer EVs. Hell I've seen more running Vinfasts than running Cybertrucks.
GMoromisato 10/26/2024||
I see Rivians daily too. Might have seen an F150 Lightning, but I can’t tell them apart from any other truck, honestly.
inferiorhuman 10/27/2024||
Well they literally say "Lightning" on the side so it's pretty easy to tell when parks right next to you.
mark242 10/25/2024||
16 thousand Cybertrucks sold in Q3.

To compare, 3.9 million cars sold in Q3.

someluccc 10/25/2024|
It sells for $100k. Bet all $100k cars move volume
grecy 10/27/2024||
> It sells for $100k.

That was just the top of the line Founders Edition, which is no longer for sale.

It's $80k now, and more like $70k for businesses (with tax incentives)

gmerc 10/27/2024||
This clearly has nothing to do with running down the preorder list which has now been exhausted and had a less than 10% claim rate.

Those numbers are going to crater hard in the coming months

iknowstuff 10/29/2024|
same thing was said about model 3 and model y. won’t happen.
nimbius 10/25/2024||
The reason theyre selling is likely due to a US small business tax loophole that allows you to write off things like range rovers and escalades as a business expense. coupled with US electric vehicle incentives state and federal, and its a pretty sweet deal on the most electric SUV per weight and length you can buy.

Honestly I fully expect to see these things crisping in the sunlit parking lot of a predatory auto lender in about five years, or rolling through the rough part of town on an 84 month co-signed auto loan with liability insurance only, wagon wheels, a lord beerus wrap and aftermarket stereo.

Like Range Rovers and Hummers they will be gobbled up by people who (with petite-bourgeoise socialism) can afford to buy the vehicle, but not maintain it. And if Youtube is any judge of build quality, this vehicle will start to fall apart the minute it exits the factory floor.

vitaflo 10/25/2024||
Literally every cybertruck I see has been fully wrapped with some business logo on it. I’m not sure I’ve yet seem one that wasn’t bought as a tax write off.
meowster 10/27/2024||
Literally every cybertruck I see has not had any business logo whatsoever on them.
ThrowawayTestr 10/25/2024||
How is buying a company vehicle a "tax loophole"?
mrguyorama 10/25/2024|||
Because you buy it as a "company vehicle" but 98% of it's miles are driven for your personal use. Whether the tax code considers that a loophole doesn't matter. It's a loophole to give a personal item the tax treatment of a business asset.

You wanted to buy the vehicle anyway, you were going to buy it anyway, but for some absurd reason you get to count a personal vehicle against your company's tax liability.

JohnFen 10/25/2024||
The IRS considers that tax evasion rather than a loophole, though. Unlike using a loophole, it's actually illegal. That said, you're right -- the practice isn't that rare and that's how it's done.
quickthrowman 10/26/2024|||
The business spends pretax dollars to pay the car payments instead of post tax W2 income or dividends/other cash disbursements that are taxed and then you can depreciate the company car against future income.
potato3732842 10/27/2024||
So? Businesses spend pre-tax dollars on most things they buy.

Most companies literally don't have the margins to be solvent if all their purchasing activity is subject to 20%+ tax.

NewJazz 10/27/2024|||
I think the implication is that the small business owners use this tax structure, but then use the car as a personal vehicle rather than a business vehicle.
quickthrowman 10/27/2024|||
This thread is discussing how business owners use tax loopholes to buy personal vehicles as company assets to avoid paying with their personal post-tax money.

It’s obvious that most businesses can’t survive if their revenue is hit with income tax before expenses are paid, that’s why revenue is not taxed as income.

jordanpg 10/25/2024||
I would love to see the party registration breakdown of these recent buys.

It would be wonderful irony if suddenly buying EVs has become trendy among the right-leaning crowd.

trkaqn 10/27/2024|
I think it is trendy: Tucker Carlson has been promoting this truck on his YouTube channel in at least two 1 hour videos.
pvaldes 10/27/2024||
It is a big step from his humble origins promoting tanning balls machines.
roland35 10/25/2024||
Shocking if true! I see way more model ys, mustang Mach es, rivians, ev6s, well pretty much everything than cybertrucks...
jerlam 10/25/2024||
All those vehicles have been selling for much longer (and the CT does not outsell the Y). The CT is the third-best selling vehicle for a single quarter, has only been on the market for a year, and production was pretty low for the first few months. The Mach-e has been on the market for over four years.
panick21_ 10/25/2024||
Does the concept of time exists?
stonethrowaway 10/26/2024||
Not on the internet.
spacechild1 10/27/2024||
This serioualy reminds me of the Simpsons episode where Homer gets to design a car. I don't understand how anyone can drive this thing unironically.
rightbyte 10/28/2024|
I believe the guys that secretely want a F150 and remove the catalysator are the target demographic.

Musks resent policial turns fits the Cybertruck image too.

formvoltron 10/25/2024|
Cybertruck reminds me of the Moon Patrol buggy.
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