Tesla's Cybertruck sales have experienced a sharp decline from their peak last year, with the GMC Hummer EV overtaking it in the second quarter. The Cybertruck's stay on dealership lots has stretched out, sales have slowed down, and the number of new registrations has progressively decreased each month. To combat this trend, Tesla has implemented incentive strategies, including reducing leasing fees, to give sales a boost. The drop in sales might be attributed to the Cybertruck's unconventional design, its high price point, and the intensifying competition within the market. Despite this, the Cybertruck continues to hold its own in the electric pickup truck segment.