SpaceX (PC:SPXEX) has reportedly bought a large number of Cybertrucks from EV maker Tesla (TSLA), according to Electrek. More specifically, the space company may have spent tens of millions of dollars on these vehicles and could eventually buy more than 2,000 Cybertrucks as part of a longer-term plan. Interestingly, the Cybertruck was originally expected to be a high-production vehicle.
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Indeed, Elon Musk had predicted that Tesla could eventually make around 250,000 Cybertrucks per year, while some optimistic analysts even projected up to 500,000 units annually. However, in reality, Tesla only sold about 39,000 in 2024. In addition, reports say that sales haven’t improved in 2025, and unsold inventory is building up. As a result, analysts now expect the Cybertruck to remain a low-volume product in 2026, with flat or only slightly higher sales than in 2025.
Although there is nothing illegal about SpaceX buying the Cybertrucks, investors might question whether it’s a smart use of money and whether the trucks will actually be put to good use. Nevertheless, this is unlikely to derail the enthusiasm surrounding a potential SpaceX IPO in 2026, which experts say could end up being the biggest IPO ever based on the amount of money it will raise.
What Is the Prediction for TSLA Stock?
Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 12 Buys, 12 Holds, and nine Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $383.83 per share implies 21.3% downside risk.
