#419 How the Cybertruck Became a $10B Failure
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#419 How the Cybertruck Became a $10B Failure
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Tesla Cybertruck, documenting its journey from an anticipated revolutionary vehicle to a significant financial and manufacturing failure. It recounts the vehicle's November 2019 unveiling, where CEO Elon Musk promised features like bulletproof glass and a low starting price, generating over 250,000 reservations despite a live on-stage mishap involving the glass shattering. However, the transcript details years of production delays exacerbated by the COVID-19 pandemic and difficulties manufacturing the promised stainless steel, allowing competitors like Ford and Rivian to capture the electric pickup market lead. Finally, the source highlights the drastically increased final prices and major quality issues, including a high-profile accelerator pedal recall caused by workers using soap as lubricant, which ultimately led to massive reservation cancellations, plummeting sales, and an estimated $10 billion loss for Tesla.