SpaceX Buys Over 1,000 Cybertrucks as Tesla Struggles With Weak Demand
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SpaceX, led by Elon Musk, purchased over 1,000 Cybertrucks from Tesla to reduce Tesla's growing inventory amid weak demand. The deal, worth $80-$160 million, highlights Tesla's struggle to meet Cybertruck expectations due to criticism over price, range, and design. Analysts suggest Tesla faces increasing competition from Chinese carmakers and changing U.S. regulations, impacting demand.
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