Elon Musk Accused of Using SpaceX and xAI Funds to Secretly Buy Up Cybertrucks Amid Plummeting Sales
Once hailed as the symbol of the electric vehicle future, the Tesla Cybertruck is now turning into a serious headache for the American automaker. According to multiple sources, sales have fallen sharply below expectations — and Elon Musk is reportedly using his other companies to quietly “rescue” the struggling model from within.
Tech outlet Electrek reported that SpaceX and xAI – both run by Musk – have purchased hundreds of Cybertrucks in recent weeks. The official explanation is that these vehicles will replace existing gasoline-powered fleets in order to align with Musk’s clean-energy goals. However, analysts believe the move may actually be an effort to reduce unsold inventory and artificially boost Tesla’s sales numbers.
Thousands of Unsold Cybertrucks Pile Up in Austin
When it debuted, Tesla projected annual sales of up to 300,000 Cybertrucks. In reality, the company has sold only about 5,000 units in the first quarter of 2025. Reports from U.S. media suggest that thousands of unsold Cybertrucks are sitting idle at Tesla’s Austin, Texas, factory — even after repeated price cuts.
The Cybertrucks bought by SpaceX and xAI have been transported to locations such as Starbase in Boca Chica, the Starlink plant in Bastrop, and several xAI facilities.
Footage from the NASASpaceflight YouTube channel shows convoys of Cybertrucks arriving at Starbase over recent days. Another clip hints that the vehicles may be used to replace older company cars or distributed among staff.
Temporary Fix or Financial Window Dressing?
The decision to buy Tesla’s unsold inventory through Musk’s own companies has split public opinion. Supporters argue that it’s a pragmatic step toward electrifying Musk’s corporate fleets. Critics, however, claim it’s nothing more than an accounting maneuver designed to inflate sales figures and ease pressure from investors and markets.
For now, the “Cybertruck bailout” by SpaceX and xAI helps reduce Tesla’s warehouse backlog and keep production lines running. But the bigger question remains:
Can this internal buyback truly revive Tesla’s struggling EV lineup — or is it merely buying time for a product that’s rapidly losing its spark?
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