Tesla Faces Billion-Dollar Losses, Cybertruck Oversupply, Customer Satisfaction Decline

Tesla is facing significant challenges across multiple fronts, including a steep decline in vehicle values, with the Model S experiencing the highest depreciation over the past year, signaling potential financial strain for the company and current owners. Its ambitious Cybertruck has underperformed dramatically, with over 10,000 units reportedly unsold and an estimated $800 million in inventory, while emerging competitors like the Jeff Bezos-backed Slate are capturing consumer interest with more affordable electric trucks. Additionally, Tesla's brand reputation is suffering, partly due to CEO Elon Musk's political activities and distractions, which have alienated customers and prompted Tesla's board to seek new leadership amid plunging profits and revenue declines. The company's product lineup is increasingly viewed as outdated, lacking a competitively priced model and failing to meet market demands, contributing to Tesla's shrinking market value and consumer dissatisfaction. Moreover, sustainability perceptions have worsened, particularly in Norway, where Tesla ranked near the bottom for social and economic sustainability, affected by ongoing controversies surrounding Musk and broader company challenges. Overall, Tesla's current predicament reflects a complex mix of innovation management issues, market competition, leadership concerns, and reputational damage.