Tesla issues its fourth Cybertruck recall

Tesla (TSLA) is under pressure after announcing its fourth recall of the Cybertruck. Pras Subramanian breaks down the number of Cybertrucks affected and the overall demand for the vehicle.

Read more about Cybertruck sales here.

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This post was written by Melanie Riehl

Video transcript

In the auto space as well.

Tesla hitting another speed bump with the Cyber truck.

Uh, the EVG announcing its fourth recall on the vehicle.

We also got a little bit of numbers info, right.

Yeah.

So in a re recall, there's two recall notices today.

One for, uh, the large wiper blade that everyone knew would kind of be a bit problematic because it's the biggest wiper in any commercial vehicle.

It's huge.

Uh Some, there's an error, there's an issue with power surge issues with that could malfunction.

Also, a piece of trim could come off the back of the butt of the bed.

They need to reapply that.

But in the announcement, they talk about how 11,688 vehicles were affected.

Now, what this means is basically these are the amount of, of cyber trucks that are out in the wild that they, they've been sold or in transit to customers right now.

So what we know is that they've, they've created this many vehicles, um, since, you know, December of last year, right.

So looking at back in the hand math, we're talking about around 1700 vehicles a month.

Tesla made on average.

Now, Musk said at the shareholder meeting this, this past two weeks ago, that Tesla reached a 1700 uh weekly production record on the cyber truck and on their way to 2500 a week, which it equates to around 100 and 25,000 vehicles a year, which is where they kind of wanna be.

Big question is, are there enough people to buy these things right now?

I think that they're kind of like some fulfilling orders of people that have pre orders in.

Right.

So, yes, each one's getting sold that that's not a problem when they get to 1 25 200 vehicles a year, 200,000 vehicles a year.

Do they have that demand for that?

It's a good question, especially if they keep having to take them back to the dealer to get things fixed.

No, over air updates for a broken windshield wiper.

Yes.

No, can't do that.

All right, pros.

Thank you.

Appreciate it.