Tesla is facing significant challenges with its Cybertruck, highlighted by unsold vehicles accumulating in a Detroit suburb due to local code violations. The company has reported over 10,000 Cybertrucks, worth about $800 million, remaining unsold, leading to production slowdowns and relocating workers. This decline in demand is attributed to backlash against CEO Elon Musk and rising competition from cheaper alternatives. The Cybertruck's failing popularity has sparked anti-Tesla sentiment, resulting in mockery and vandalism of the vehicles, as well as a drop in used vehicle prices, rendering them poor investments.
Tesla's Cybertruck demand has sharply plummeted, leading to issues with unsold inventory piling up and production halts, reflecting the growing anti-Tesla sentiment.
Local officials are enforcing storage codes as thousands of unsold Cybertrucks sit in a vacant lot, highlighting the vehicle's struggles in the market.
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