SpaceX Bought Nearly 1-in-5 Cybertrucks Sold in Q4 2025, Data Reveals
A new Bloomberg report reveals that one in five Tesla Cybertrucks sold are registered to Elon Musk's other companies, not external buyers. This finding casts doubt on the polarizing EV pickup's market popularity and suggests that removing these internal sales would have significantly reduced Q4 2025 registrations. The news comes amidst broader sales challenges for Tesla.
Registration data from S&P Global Mobility, reported by Bloomberg, shows that SpaceX purchased 1,279 Cybertrucks in Q4 2025, accounting for more than 18% of the 7,071 units registered in the U.S. that quarter.
Combined with 60 additional units bought by xAI, The Boring Company, and Neuralink, Musk-owned entities absorbed roughly 19% of all Cybertruck registrations between October and December.
The figures expose a sharper problem for Tesla's electric pickup. Without those inter-company purchases, Cybertruck registrations would have fallen 51% year-over-year in Q4 2025.
Industry analyst Sam Fiorani of AutoForecast Solutions told Bloomberg plainly: "Tesla is running out of buyers for the Cybertruck."
The buying pattern continued into 2026, with Musk-controlled companies acquiring 158 additional units in January and 67 in February, per Electrek's analysis.
Tesla sold just over 20,300 Cybertrucks in the full year 2025, a 48% decline from 2024 and only 8% of Musk's initial 250,000-unit annual projection. Q1 2026 deliveries hit 3,519 units, the lowest since launch, despite the February introduction of a cheaper $59,990 trim whose first deliveries are only scheduled for June.
The disclosures arrive as Tesla's board approved a new executive pay package for Musk tied to milestones including 20 million vehicle deliveries and 1 million robotaxi deployments. More context is available via Inside EVs.