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Tesla Stock Rises Despite Cybertruck Sales Decline, Musk’s Internal Transfers Raise Eyebrows

Tesla Stock Rises Despite Cybertruck Sales Decline, Musk’s Internal Transfers Raise Eyebrows

Author:

Global Cryptocurrency

Published:

2025-10-15 17:05:02

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BTCCSquare news:

Tesla shares edged higher Wednesday despite lackluster Cybertruck sales, with investors seemingly unfazed by the electric pickup's underwhelming performance. Third-quarter deliveries plummeted 63% year-over-year to just 5,385 units—a stark contrast to the 14,000 sold during the same period in 2024.

The automaker's overall sales benefited from expiring federal EV tax credits on Model 3 and Model Y vehicles. However, reports suggest Elon Musk is artificially inflating Cybertruck metrics by transferring unsold inventory to his private ventures SpaceX and xAI—a MOVE critics describe as 'selling to himself.'

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