Cybertruck Gets A Down-To-Earth Redesign As Tesla Shifts To Traditional Pickup Marketing Amid Poor Sales (UPDATED)

Benzinga
24 Apr

Editor’s Note: This piece has been revised to incorporate supporting visuals.

Tesla Inc. (NASDAQ:TSLA) has reportedly pivoted its marketing for the Cybertruck as Elon Musk's EV giant rebrands the vehicle to showcase its utilitarian quotient.

What Happened: Targeting a more traditional pick-up truck marketing approach for the vehicle, Tesla has reworked the Cybertruck's page on the official website. The website now features visuals of the Cybertruck hauling construction material and a trailer, family outings, as well as visuals of the vehicle on rugged terrains — all activities one would expect a pick-up truck owner to do, reported Business Insider on Tuesday.

Image Via Tesla

Trending: Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – with $1,000 you can invest at just $0.26/share!

This is in stark contrast to the previous strategy, which showcased the Cybertruck as a futuristic vehicle with visuals of other planets like Mars. The report mentioned how the company has moved to position the Cybertruck to be “less DeLorean, more Ford Motor Co. (NYSE:F) F-150.”

However, the shift in approach may be difficult to put into practice. "Pitching it to truck people is more about the functionality,” an anonymous Tesla salesperson told the publication.

The salesperson also shared how traditional truck customers ask about the Cybertruck's towing capabilities as well as how much it can haul in the bed. Cybertrucks have been criticized for a lack of ruggedness in the past.


Image Credit: Tesla


Tesla did not immediately respond to Benzinga’s request for comment.

See Also: Are you rich? Here’s what Americans think you need to be considered wealthy.

Why It Matters: The shift in strategy comes in as Tesla has released a cheaper version of the Cybertruck priced at $62,490 with the Federal EV credit, as the company looks to boost dwindling sales figures and appeal to a wider customer base.

Recently, Tesla properties like Superchargers as well as vehicles like the Cybertruck have been subject to vandalism in the U.S., which coincides with Musk's endorsement of right-wing political ideals and increasing involvement with the Trump administration.

Elsewhere, while Tesla still dominates the domestic U.S. EV sector, other brands are catching up with Musk's company, according to sales data, which shows an increase in adoption of EVs among drivers in the U.S.

Read Next:

  • The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. See which asset class has outpaced the S&P 500 (1995-2024) – and with near-zero correlation.
  • ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum.

Image Via Shutterstock

Send To MSN:  Send to MSN

UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.

Get the latest stock analysis from Benzinga?

    This article Cybertruck Gets A Down-To-Earth Redesign As Tesla Shifts To Traditional Pickup Marketing Amid Poor Sales (UPDATED) originally appeared on Benzinga.com

    Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

    Most Discussed

    1. 1
       
       
       
       
    2. 2
       
       
       
       
    3. 3
       
       
       
       
    4. 4
       
       
       
       
    5. 5
       
       
       
       
    6. 6
       
       
       
       
    7. 7
       
       
       
       
    8. 8
       
       
       
       
    9. 9
       
       
       
       
    10. 10