On December 19, due to weak Cybertruck sales and rising inventory pressure, Tesla is delivering a large number of Cybertrucks to SpaceX (and xAI) under Musk's umbrella. SpaceX has already received hundreds of vehicles, and more may be delivered in the future. The Cybertruck is expected to sell about 39,000 units in 2024, but demand is expected to slow down in the future.
BiyaPay analysts believe that while "internal synergy" may help smooth delivery and sentiment in the short term, it could also raise questions about related-party transactions, genuine end-user demand, and the sustainability of valuations. The stock price still needs to be validated by earnings and core business performance. BiyaPay supports USDT trading in US stocks, Hong Kong stocks, and futures.
