Tesla Cybertruck Story: Million Orders No Production
Producing the Cybertruck successfully might generate over $80 billion in income for Tesla.
Thursday, November 25, 2021 | Chimniii Desk
Key Highlights
- Tesla now has a backlog of over 1.2 million Cybertrucks worth more than $80 billion, Electrek reported.
- However, the figures are crowdsourced from a Cybertruck forum and have not been confirmed by the corporation.
- The truck's popularity, on the other hand, has not decreased.
- Musk announced 250,000 reservations within a week of the truck's debut in 2019.
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Tesla now has a backlog of over 1.2 million Cybertrucks worth more than $80 billion, Electrek reported. However, the figures are crowdsourced from a Cybertruck forum and have not been confirmed by the corporation.
In the midst of Tesla stock's meteoric rise and its CEO, Elon Musk, becoming the world's wealthiest person by a country mile, little attention has been devoted to the Cybertruck. Plans for its production have been consistently advanced.
Musk grumbled in July about the "thousands of parts and procedures" required to achieve the desired scale of production. Four months later, it appears as though the issues have not been resolved. The truck's popularity, on the other hand, has not decreased.
Musk announced 250,000 reservations within a week of the truck's debut in 2019. Although Tesla did not provide any additional information following the tweet, a Cybertruck forum has been crowdsourcing reservation figures, with the most recent update pegged at 1.27 million. Additionally, the publicly accessible information reveals which versions customers selected when reserving their pickup.
The dual-motor configuration garnered the most reservations (47%), followed closely by the tri-motor configuration (45 percent). 70% of people appear to have opted for full-self driving (FSD), which comes at an additional cost. Calculating the money generated by Tesla when it launches the Cybertruck, the figure comes to roughly $80.7 billion. That is roughly Ethiopia's GDP.
One probable reason for the continued high level of interest is because electric vehicles are still in their infancy. People are intrigued by them, and the Cybertruck checks all the boxes for a sci-fi-inspired or reliable pickup truck. Additionally, it is unnecessary to state that you have reserved your Cybertruck when all that is required is a $100 non-refundable deposit!
Cybertruck's genuine clients will appear only once manufacturing begins and customers are required to pay for their deliveries. Musk and Tesla's time is running out as newcomers like as Rivian have ramped up the pace and begun deliveries.
Unless Musk and Tesla investors are content with walking away from a $80 billion investment, the Cybertruck had better arrive in 2022.
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