Gate News message, April 16 — SpaceX and other Elon Musk-led companies have been significant purchasers of Tesla’s Cybertruck, raising questions about genuine consumer demand for the electric pickup. According to S&P Global Automotive registration data, SpaceX acquired 1,279 Cybertrucks out of 7,071 registered in the U.S. during the fourth quarter of 2025, representing 18% of total registrations. Musk’s other companies, including xAI, Boring Co., and Neuralink, purchased an additional 60 units during the same period.
These purchases totaled over $100 million based on Cybertruck’s current starting price of approximately $70,000. S&P Global data shows SpaceX first registered Cybertrucks in October 2025, with purchases continuing into 2026—158 units registered in January and 67 in February. Without these internal company purchases, Cybertruck Q4 registrations would have declined 51%, according to analysis.
Tesla faces mounting pressure as the electric vehicle market intensifies. The company delivered 358,000 vehicles globally in the first quarter of 2026, falling short of market expectations of 372,000 units and marking the second consecutive quarter below Wall Street forecasts. Tesla has already been surpassed by China’s BYD as the world’s leading EV seller. The Cybertruck, launched in late 2023, was initially projected to reach 250,000 annual units by 2025, but consumer interest has weakened significantly.
The electric pickup market remains challenging overall. Ford recently converted its F-150 Lightning to a plug-in hybrid design, while Cybertruck remains the best-selling pure electric pickup in the U.S. despite a 45% sales decline in the first quarter, according to Cox Automotive data. Tesla has not indicated plans to discontinue Cybertruck production but is phasing out slower-selling Model X SUVs and Model S sedans.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Google in Talks with U.S. Department of Defense Over Gemini AI Model Usage
Gate News message, April 16 — According to The Information, Google (GOOG.O) is in discussions with the U.S. Department of Defense regarding the potential use of its Gemini AI model.
GateNews13m ago
Vertical Aerospace Completes First Piloted Transition Flight Under DOA Oversight, eVTOL Stocks Rally
Gate News message, April 16 — Vertical Aerospace (EVTL.US), a British electric vertical takeoff and landing (eVTOL) aircraft manufacturer, announced it has successfully completed its first piloted bidirectional transition flight, marking the world's first such test conducted under a Design
GateNews16m ago
Nasdaq-Listed Diginex to Acquire AI Company Resulticks for $1.5B in All-Stock Deal
Diginex plans to acquire Resulticks Global for $1.5 billion in an all-stock deal, enhancing its AI customer intelligence services. The deal, expected to finalize in 30 to 45 days, aims to leverage Resulticks' capabilities.
GateNews27m ago
Pepsi Q1 Earnings Beat Expectations, Salty Snacks Recover on Price Cuts; Announces 54th Consecutive Dividend Increase
PepsiCo's Q1 revenue reached $19.44 billion, up 8.5% year-over-year, driven by robust sales in snacks and beverages. With successful pricing strategies and new health-focused products, the company maintains its growth projections and plans significant shareholder returns.
GateNews57m ago
Bitcoin ETFs See $291 Million Outflow as Ether Gains $9 Million
Bitcoin exchange-traded funds (ETFs) opened the week with heavy outflows, reversing last week’s momentum. Ether ETFs posted modest gains, while XRP declined, and solana activity stalled.
Key Takeaways:
Bitcoin ETFs saw $291.11 million outflows led by Fidelity FBTC, signaling renewed caution.
Et
Coinpedia1h ago
HIVE Digital Raises $75M in Convertible Notes, Wins TSX Main Board Listing Approval
HIVE Digital Technologies plans to raise $75 million via private placement of convertible senior notes. Proceeds will fund GPU purchases, data center construction, and corporate needs. The company anticipates transitioning to the main TSX board by April 30, 2026.
GateNews2h ago
