Core Insights - Tesla's Cybertruck is experiencing declining demand, falling to third place in the electric pickup market behind Ford and General Motors [1][2] - The Cybertruck has seen its sales decline for three consecutive quarters, with only 4,306 units sold in Q2 2024 [2][9] - Ford's F-150 Lightning and GM's Hummer EV have also seen sales fluctuations, with the Hummer experiencing an increase in sales [3][9] Sales Performance - In Q2 2024, Ford led the electric pickup market, while Tesla's Cybertruck ranked fifth among all electric vehicles in the U.S. with 38,965 units sold [4] - The F-150 Lightning sold 33,510 units, ranking sixth, while the Hummer EV's sales increased to 4,508 units [4][9] - Tesla's "other" category, which includes the Cybertruck, saw a significant drop to 10,394 vehicles sold, the lowest since Q1 2023 [6] Production and Future Outlook - Tesla initially aimed for an annual production capacity of 250,000 Cybertrucks, but current sales trends suggest a potential reduction in production plans [4][7] - The company may shift focus towards better-selling vehicles and new growth initiatives, such as robotaxis [7] - Tesla's stock is currently trading at $321.65, down 15% year-to-date in 2025 [8]