Cybertruck, the best selling electric pickup truck

Cybertruck, best selling electric pickup truck in just two quarters. First delivery on Thursday, November 30, 2023, my 85th. birthday present.

The Tesla Cybertruck is becoming the U.S. best-selling all-electric pickup truck. Because the manufacturer does not report the results of individual models, we can’t say for sure, but some data indicates that the Cybertruck won in the second quarter of 2024.

Tesla Cybertruck Is Becoming The U.S.' Best-Selling Electric Pickup.

While people worry about PE ratios, margins, competition, Delaware judges, and whatnot, I believe the core issue is cashflow. While Tesla is mostly a tech company, unlike pure software, Tesla is very capital intensive, which just got worse with the brute force compute required for AI, the core driver of Tesla’s future businesses. Unlike X, which had to get new funding, Tesla is able to fund from free cashflow. And if the stock price goes crazy enough, it can resort to secondary issues like it did in 2020 with little if any real stock dilution.

The Captain

3 Likes