Tesla's Cybertruck Sales Miss Projections, Shares Drop Sharply
In July 2026, Tesla faced a significant setback as the Cybertruck underperformed expectations. The vehicle sold only one-sixth of Elon Musk’s projected annual target and experienced steep declines in sales over consecutive years. Bloomberg compared its performance to that of Ford's Edsel—a historic commercial failure—highlighting the Cybertruck as potentially the biggest automotive flop. Tesla shares fell 17.8% during a week ending July 24, marking their worst weekly drop since 2022 and reaching an 11-month low at $313.03 per share. The Q2 earnings report revealed adjusted EPS of $0.33, below the consensus estimate of $0.5367, alongside a negative free cash flow of -$1.09 billion. The stock's decline was exacerbated by rising operating expenses and capital expenditures for AI projects like Optimus and Cybercab.
Tickers: $TSLA
Topics: Cybertruck EV Sales Stock Price Drop Tesla