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SpaceX Bought Nearly One-Fifth of Tesla’s Q4 Cybertrucks, Data Show

The data suggest Tesla leans on inter-company buys to support reported volumes.

Overview

  • Citing Thursday’s S&P Global Mobility data reported by Bloomberg, SpaceX accounted for 1,279 of 7,071 U.S. Cybertruck registrations in Q4 2025, with another 60 tied to xAI, Neuralink, and The Boring Company.
  • Musk-affiliated firms added 225 more registrations in January and February 2026, and because these buyers are private companies, the terms are not disclosed the way a Hertz- or Uber-style fleet deal would be.
  • Analysts say Q4 Cybertruck registrations would have fallen about 51% year over year without the inter-company purchases, highlighting weak retail demand.
  • Cox Automotive estimates show U.S. Cybertruck deliveries fell to 3,519 in Q1 2026, down 45% from a year earlier and 15% from Q4 2025, marking the lowest quarter since launch.
  • Tesla introduced a lower-priced AWD Cybertruck in February at $59,990 before later listing it at $69,990, with first deliveries planned for June, making Q2 the first clear test of demand at the new price.