00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla has paused Cybertruck production for several days as its giga-oxygen factory,
00:06signaling potential demand issues. Workers were sent home for three days, but still received pay.
00:12The move suggests that Tesla may be managing inventory due to its slowing sales.
00:16In August, Tesla stopped taking orders for its least expensive Cybertruck,
00:20signaling possible demand concerns as more expensive models built up in inventory.
00:25It also introduced lease options to boost sales.
00:28The Cybertruck becomes the third best-selling electric vehicle in the third quarter,
00:32behind only Tesla's Model Y and Model 3. It also outpaced its own EV pickup competitors.
Comments