Tesla broke records with its EV deliveries in Q3 2025, but the Cybertruck’s sales plummeted by 62.6%. While the U.S. EV market saw a 30% surge in sales, the Cybertruck faced production delays, quality issues, and pricing concerns, selling only 16,000 units this year, far from Elon Musk’s 250,000 goal.

Elon Musk’s SpaceX and xAI are reportedly buying unsold Cybertrucks, raising questions about Tesla’s confidence in the pickup’s future. Despite initial hype, the Cybertruck’s rollout has been plagued by production delays and quality issues, making it a commercial disappointment for Tesla.

The Cybertruck’s struggles contrast with gains from other electric pickups in Q3. Ford’s F-150 Lightning remained the top seller, with GM’s GMC Hummer EV and Sierra EV also seeing increased sales. Rivian’s R1T posted a 13.1% rise in deliveries, showing promise in the competitive e-pickup market.

Tesla’s stock performance has been mixed, with a Zacks Rank #3 (Hold). Its high forward price-to-sales ratio and value score of F raise concerns, while competitors like Ford, GM, and Rivian have more appealing valuations. Tesla’s stock has gained 8% year-to-date, outperforming some competitors.

Zacks Investment Research highlights an under-the-radar semiconductor stock poised for growth amidst surging demand for AI, ML, and IoT technologies. With global semiconductor manufacturing projected to nearly double by 2028, this company stands to benefit from the industry’s expansion. For more insights and stock recommendations, visit Zacks Investment Research.

Read more at Nasdaq: Tesla’s Cybertruck Sales Collapse in Q3: What’s Behind the Dip?