RELATED: Tesla lost the most share last year in EV-stronghold California Electric vehicles enjoyed a record-breaking third quarter in 2025 followed by an expected fourth-quarter decline blamed on the revocation of government-based sales incentives. Those incentives included a $7,500 tax credit that applied to vehicles including the Cybertruck, according to USA Today. The long-awaited Cybertruck debuted to considerable hype in 2023 — four years after the vehicle was introduced as a prototype. Its release was delayed on more than one occasion. The vehicle has also faced several recalls since it rolled off the assembly lines. Those defects included a faulty exterior trim panel that forced 46,000 models to be taken off the road in 2025, according to the New York Times. That was the Cybertruck’s eighth recall. The polarizing vehicle with its unconventional design has become an effigy for political dissidents who take exception to Musk’s right-wing activism. Police said a Cybertruck was vandalized with a spray-painted swastika in Lower Manhattan in March. Weeks later, a Cybertruck was similarly trashed in Brooklyn.