Tech
Trump Cybertruck
A Tesla Cybertruck with the word “Trump” sits in traffic in Washington, DC (Christopher Furlong/Getty Images)
Government efficiency

Tesla found a way to move more Cybertrucks: Sell them to the Trump administration

There’s more than one way to offload a giant stainless steel truck.

Rani Molla
2/13/25 9:09AM

The Trump administration is set to buy $400 million worth of “Armored Tesla” vehicles — later amended to “armored electric vehicles” — this year, according to State Department documents. That’s good news for Tesla, which has struggled to sell as many cars as it would have liked.

Last year the company had more than a million reservations for the Cybertruck, which came out in the beginning of 2024, but few of those turned into sales. CEO Elon Musk hopes to sell up to 500,000 a year; last year Tesla sold fewer than 40,000 Cybertrucks in the US. That was enough to make it the bestselling electric pickup in America, but that’s a low bar considering relatively few people buy electric pickups (regular pickup sales were in the millions). Additionally, Q4 Cybertruck sales were down 22% from Q3, suggesting sales momentum didn’t pick up later in the year.

Enter the US government, where CEO Elon Musk has cozied up to President Trump. The billionaire is in charge of cutting costs in the US government, but apparently not when it comes to paying himself and his companies.

Let’s do some rough math: let’s assume that $400 million would buy 4,000 $100,000 Cybertrucks. (The base model is around $80,000, and we’ll assume the armoring and add-ons would take it up $20,000.) We’re also assuming the money goes to Tesla as was initially stated, and to Cybertrucks, which are much more apt for armor than, say, a Model 3.

That’s 10% of last year’s total Cybertruck sales in one fell swoop! That’s also more Cybertrucks than the company sold in the US in all of January — the month it became eligible for the $7,500 federal credit — according to data from Wards Auto. Tesla sales, which the company had said would “return to growth” after falling last year, aren’t looking great so far in 2025, as they’ve been dropping around the world.

More Tech

See all Tech
Congress Considers Bill To Force Sale Of TikTok

By some measures, TikTok has grown bigger than Facebook or Instagram in the US

Oracle’s potential TikTok takeover is a big deal to US competitors like Meta and Snap.

Rani Molla9/17/25
tech
Jon Keegan
9/17/25

Nvidia, Microsoft, OpenAI, CoreWeave pledge $42 billion investment in UK AI projects during Trump’s visit

Nvidia, Microsoft, and CoreWeave announced pledges to invest tens of billions to build out the UK’s AI infrastructure.

Coinciding with President Trump’s visit to the UK, the companies announced new data centers, hundreds of thousands of Nvidia Blackwell GPUs, and support for the UK’s sovereign AI programs.

Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman are joining Trump for the visit.

Nvidia, CoreWeave, and UK AI infrastructure startup Nscale announced plans to roll out 120,000 Blackwell GPUs in UK data centers, including OpenAI’s “Stargate UK” data center project.

Part of the UK’s sovereign AI initiatives include the development of the country’s own “UK-LLM” and “Isambard-AI,” the UK’s most powerful supercomputer, which uses Nvidia’s Blackwell GPUs.

Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman are joining Trump for the visit.

Nvidia, CoreWeave, and UK AI infrastructure startup Nscale announced plans to roll out 120,000 Blackwell GPUs in UK data centers, including OpenAI’s “Stargate UK” data center project.

Part of the UK’s sovereign AI initiatives include the development of the country’s own “UK-LLM” and “Isambard-AI,” the UK’s most powerful supercomputer, which uses Nvidia’s Blackwell GPUs.

tech
Rani Molla
9/17/25

Amazon launches AI chatbot to help create and distribute ads and ad agency investors don’t care

Amazon has launched a “creative partner” AI chatbot to help small businesses create ads and distribute them. The tool, currently in beta, helps users create the ads themselves, including video, with text prompts and then can place them across Amazon’s ad inventory, including outside websites and platforms Amazon has deals with, including Netflix.

Typically an announcement like this one pummels big advertising firms, whose livelihoods may or may not be threatened by the tech, but today Omnicom, Interpublic, WPP aren’t sinking on the news.

But perhaps the continuous stream of AI ad tool announcements from tech giants like Google, Amazon, and Meta is already baked into ad agencies’ stock prices. The ad agencies listed above are all down for the year.

Or perhaps these tools really are only for small businesses that can’t afford to work with big ad agencies.

“We’re not talking about professional marketers. These are customers that really need our help growing their business,” Jay Richman, Amazon’s vice president of product and technology, told The Wall Street Journal. Meta CEO Mark Zuckerberg, whose company expects to fully automate ad creation next year, said something similar on the company’s latest earnings call.

Typically an announcement like this one pummels big advertising firms, whose livelihoods may or may not be threatened by the tech, but today Omnicom, Interpublic, WPP aren’t sinking on the news.

But perhaps the continuous stream of AI ad tool announcements from tech giants like Google, Amazon, and Meta is already baked into ad agencies’ stock prices. The ad agencies listed above are all down for the year.

Or perhaps these tools really are only for small businesses that can’t afford to work with big ad agencies.

“We’re not talking about professional marketers. These are customers that really need our help growing their business,” Jay Richman, Amazon’s vice president of product and technology, told The Wall Street Journal. Meta CEO Mark Zuckerberg, whose company expects to fully automate ad creation next year, said something similar on the company’s latest earnings call.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.