Summary
- Tesla Cybertruck sales are on the rise, making it the third best-selling electric vehicle in the US
- The 16,692 deliveries of the Cybertruck more than doubled the total number of trucks on the road
- Tesla aims to reach an annual sales target of 150,000 Cybertrucks, currently at around 67,000 per year
- The Cybertruck outperformed other electric trucks such as the Ford F-150 Lightning, Chevrolet Silverado EV, and Rivian R1T
- Overall, Tesla accounted for 48% of the US’s 2nd quarter BEV sales, with Ford and Chevrolet following closely behind in sales volume
Article
The Tesla Cybertruck has been gaining popularity and sales in the United States, becoming the 3rd best-selling electric vehicle with 16,692 deliveries in the most recent quarter. This number more than doubled the existing Cybertrucks on the road, bringing the year-to-date total to 28,250. Although this figure falls short of Elon Musk’s initial target of 150,000 sales per year, it still represents a significant achievement for the unique electric truck. As production ramps up gradually, the Cybertruck is expected to continue its growth in sales.
As Tesla invites reservation holders to complete their orders for the lower-cost Cybertruck trim, it suggests that the company is progressing through its reservation list. The base price for the Cybertruck is currently listed at $99,990 on the website, indicating that the lower-cost options are reserved for existing reservation holders. Despite the potential burn-through of reservations, Tesla’s Cybertruck continues to outperform other electric trucks on the market, with significantly higher delivery numbers compared to competitors such as the Ford F-150 Lightning, Chevrolet Silverado EV, and Rivian R1T.
In the broader context of the electric vehicle market in the United States, Tesla remains a dominant player, accounting for 48% of the total BEV sales in the second quarter of 2024. With 166,923 deliveries, Tesla has solidified its position as a leader in the industry. However, the brand’s market share dipped below 50% for the first time in a while, indicating a more competitive landscape with other automakers like Ford and Chevrolet gaining ground in EV sales. Despite the overall growth in EV sales, hydrogen fuel cell vehicles, once touted as a competitor to EVs, saw minimal sales in the third quarter with only a few units sold.
Alongside Tesla’s success, Ford emerged as the second best-selling brand for EVs in the third quarter of 2024, with 23,509 deliveries, while Chevrolet ranked third with 19,933 deliveries. The EV market is expanding, but Tesla’s presence continues to make a significant impact on the industry. As the transition to electric vehicles accelerates, automakers are ramping up production and introducing new models to meet the growing demand for sustainable transportation options. With advancements in technology and increasing consumer interest in EVs, the future of electric mobility looks promising.
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