SpaceX appears to have been Tesla’s largest identifiable institutional Cybertruck customer in Q4 2025, buying 1,279 units and accounting for more than 18% of all US Cybertruck registrations during the period, according to S&P Global Mobility data reported by Bloomberg.
Tesla registered 7,071 Cybertrucks in the US from October through December, meaning SpaceX alone absorbed nearly one in five units. Other Elo Musk-controlled ventures acquired another 60 Cybertrucks, bringing combined Musk-company purchases to 1,339 units, or roughly 19% of the quarter’s US registrations.
The disclosure also helps explain why visual evidence of Cybertrucks piling up at SpaceX sites had become a recurring datapoint before the registration figures landed. A NASA Spaceflight documentary showed dozens of Cybertrucks at company facilities, and Tesla’s dedicated Cybertruck account joked on X that the site “Should be called Cyberbase tbh.”
The Q4 internal-buying pattern preceded the Cybertruck’s weakest quarter since deliveries began in November 2023. Cox Automotive data showed Tesla sold 3,519 Cybertrucks in the US in Q1 2026, down 45.1% from 6,406 units a year earlier and below the 4,140 units sold in Q4 2025.
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Tesla sold just over 20,300 Cybertrucks in the US in 2025, down 48.1% from the prior year. That annual volume was only 8.1% of the 250,000-unit annual production run Musk forecast when he unveiled the Cybertruck in 2019.
Tesla’s broader Q1 delivery report looked stronger on the surface but still missed expectations. The company delivered 358,023 vehicles globally and produced 408,386 vehicles in Q1 2026, while Tesla’s own published analyst consensus had expected 365,645 deliveries.
The management has tried to shift the Cybertruck narrative toward autonomy and commercial fleets, saying the company plans to transition to a fully autonomous Cybertruck line. Musk has also continued promoting the vehicle, calling it “the best vehicle Tesla has ever made so far,” while teasing that “something way cooler than a minivan is coming” after a user asked whether Tesla would build one.
This comes on the heels of reports that SpaceX is targeting the biggest IPO yet in history.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
One Response
Elon creates his own fabricated success as per usual. So much hype and internal moving of the chess pieces to appear successful all the time. The vehicles are amazing in and of themselves though. That should be good enough, one would think. However, they are proprietary like Macs and iPhones (I own with love and hate). We are tired of these ties too. We are all getting tired of the manipulation thank you very much.