Tesla's Cybertruck, Model 3 Program Manager Exits Amid Sluggish Sales: 'Hardest Decisions Of My Life' - Tesla (NASDAQ:TSLA)
TeslaTesla(US:TSLA) Benzinga·2025-11-10 05:36

Core Insights - Tesla's Cybertruck is facing poor sales, leading to the departure of Siddhant Awasthi, the Program Manager for Cybertruck and Model 3, after eight years with the company [2][3] Group 1: Management Changes - Siddhant Awasthi announced his departure from Tesla, citing it as one of the hardest decisions of his life [2] - Awasthi contributed to significant projects including Giga Shanghai and the development of the Cybertruck [2] Group 2: Sales Performance - Tesla is projected to sell only 20,000 to 25,000 units of the Cybertruck annually, significantly lower than the planned capacity of 250,000 units [3] - SpaceX and xAI have stepped in to purchase hundreds of Cybertruck units amid the sales struggles [3] Group 3: Market Trends - Elon Musk's pay package was approved by over 75% of shareholders during the annual meeting [4] - Demand for electric pickup trucks in the U.S. may be declining, as Ford plans to scrap production of the F-150 Lightning, the best-selling electric pickup [4] Group 4: Company Metrics - Tesla scores well on Momentum and Quality metrics, with satisfactory Growth but poor Value [5] - The company shows a favorable price trend in the Short, Medium, and Long term [5]