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Forbes Daily Briefing

Elon’s Edsel: Tesla Cybertruck Is The Auto Industry’s Biggest Flop In Decades

Forbes Daily Briefing

Forbes

Careers, Business, News, Entrepreneurship

4.612 Ratings

🗓️ 6 April 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Elon Musk’s polygonal pickup is a polarizing sales flop that's missed the billionaire’s volume goal by a staggering 84%. And there’s no sign that things are improving.

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Transcript

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0:00.0

Here is your Forbes Daily Briefing for Sunday, April 6th.

0:04.7

Today on Forbes, Elon's Edsel, Tesla Cyber Truck is the auto industry's biggest flop in decades.

0:12.9

The list of famous auto industry flops is long and storied, topped by stinkers like Ford's Edsel and explodingoding Pinto, and General Motors' unsightly

0:22.8

Pontiac-Astech crossover SUV. Even John DeLorean's sleek stainless steel DMC-12,

0:30.0

iconic from its role in the Back to the Future films, was a sales dud that drove the company

0:34.9

to bankruptcy. Elon Musk's pet project, the dumpster-driving Tesla Cyber Truck, now tops that list.

0:43.3

After a little over a year at market, sales of the 6,600-pound vehicle, priced from $82,000

0:49.3

are laughably below what Musk predicted.

0:52.3

Its lousy reputation for quality, with eight recalls in the past 13 months,

0:57.5

the latest for body panels that fall off, and polarizing look, made it a punchline for comedians.

1:04.0

Unlike past auto-flops that just looked ridiculous or sold badly,

1:08.0

Musk's truck is also a focal point for global Tesla protests, spurred by the

1:12.4

billionaire's job-slashing Doge role and MAGA politics. Eric Noble, president of

1:18.5

consultancy Car Lab and a professor at Art Center College of Design in Pasadena, California,

1:24.0

said, quote, it's right up there with Edsel. It's a huge swing and a huge miss.

1:30.8

Judge solely on sales, Musk's cybertruck is actually doing a lot worse than Edsel,

1:36.1

a name that's become synonymous with a disastrous product misfire.

1:40.4

Ford hoped to sell 200,000 Edsols a year when it hit the market in 1958, but managed just

1:46.6

63,000.

1:48.9

Sales plunged in 1959, and the brand was dumped in 1960.

1:53.7

Musk predicted that Cybertruck might see 250,000 annual sales.

1:58.5

Tesla sold just under 40,000 in 2024, its first full year. There's no sign that

...

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