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BiyaPay Analyst: SpaceX makes large purchases of Tesla Cybertruck, Musk manipulates to boost the valuations of both companies
BlockBeats News, December 19 — Due to weak Cybertruck sales and rising inventory pressure, Tesla is delivering a large number of Cybertrucks to SpaceX (and xAI) under Elon Musk. SpaceX has received hundreds of units, with further increases possible; meanwhile, approximately 39,000 Cybertrucks are expected to be sold in 2024, but subsequent demand is slowing down. BiyaPay analysts believe that “internal coordination” can help smooth deliveries and sentiment in the short term, but it may also raise questions about related-party transactions, genuine end-user demand, and the sustainability of valuations. The stock price still needs to be validated through profitability and core business performance. BiyaPay supports USDT trading for US stocks, Hong Kong stocks, futures, and other assets.