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Discussion Starter · #1 · (Edited by Moderator)
Exclusive: Tesla Cybertruck reaches 1.5 million pre-orders – Can it live up to the hype?
Fred Lambert
Nov 22, 2022




Tesla Cybertruck is getting closer to production, and as the automaker’s first new model in three years, the company badly needs it to gain its momentum back.

But can the electric pickup truck live up to Elon Musk’s hype and the 1.5 million pre-orders?

Musk has been hyping the Cybertruck as not only Tesla’s best vehicle yet but as possibly the best product ever.

The CEO is known for his use of hyperbole, but he has some credibility when it comes to Tesla’s vehicle programs since each model has raised the bar in one way or the other in the auto industry.

While the launch of the vehicle in 2019 wasn’t without issue or criticism, with the unbreakable window demonstration failing and the polarizing design of the truck, the hype around it has been quite successful.

Musk announced that Tesla received over 250,000 reservations for the Cybertruck within a week of unveiling the vehicle.

Generally, Tesla receives a lot of reservations early after an unveiling, and then it tapers off – but that wasn’t the case with the Cybertruck.

Even throughout the pandemic, sources told us that some Tesla stores were getting hundreds of Cybertruck reservations per week, and Cybertruck pre-orders even helped boost sales.
By 2021, a crowdsourced Cybertruck reservation tally was putting the pre-orders at over 1 million units.
Now in 2022, the same tally put Tesla Cybertruck reservations at over 1.5 million units.
That’s unprecedented demand – though to be fair, Tesla is only asking for a $100 refundable deposit per reservation, which is not the strongest show of interest. But even if the actual order take rate ends up being relatively low, this is still extremely strong demand.

Lately, we have reported on several moves by Tesla showing progress in bringing the electric truck pickup truck to production at Gigafactory Texas. The company says that it is on track for starting production in mid-2023.

Electrek’s Take
I’m leaning toward yes. No matter what you think of Elon Musk or Tesla as a company, the automaker’s vehicle programs themselves have never disappointed.

Its latest, the Model Y, is on its way to becoming the best-selling car in the whole world.
Will the production Tesla Cybertruck live up to all the hype?

If Tesla would deliver the Cybertruck at the price point and with the specs originally announced in 2019, I think it would undoubtedly beat the Model Y.



However, I think it’s clear that’s not going to happen at this point. Tesla might stick to roughly similar specs, but the price would have to be likely 10-20% higher due to inflation over the last three years.
I think the price range of the Cybertruck will be closer to $50,000-$90,000, and Tesla will – as always – start with deliveries of the higher-end versions.

Even with the higher price, I think the program should be highly successful as long as the specs are similar. I get the brutalist appeal of the stainless steel, paintless body of the truck. Combined with the utility of the vehicle, I think a lot of people will see the Cybertruck rise on the top of their list for a new truck.

Tesla is putting all its top people on it, including David Zhang, Tesla’s longtime Model S and Model X program manager. Zhang also led the Model Y program for a year and did the same for the Cybertruck until the design was locked and going to production.

When it comes to the actual vehicles, I have never been disappointed by Tesla, and I don’t expect the Cybertruck to break the streak.

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This thing is too damn ugly to appeal to most buyers. I predict that initial sales will be brisk while the Tesla fans clamor to buy it. That will probably last a few months. After that, sales will fall dramatically.
 

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This thing is too damn ugly to appeal to most buyers. I predict that initial sales will be brisk while the Tesla fans clamor to buy it. That will probably last a few months. After that, sales will fall dramatically.
It's more of a look at me vehicle for those that are into that. Once it becomes commonplace It better have some high tech took keep it desirable.
 

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Its latest, the Model Y, is on its way to becoming the best-selling car in the whole world.
Let this quote sink in for a moment, haters.

This above achievement from a start-up not yet 20 years old. AND it’s an EV. Truly incredible! As is the below Wiki grab.

On January 10, 2020, Tesla become the most valuable American automaker to ever exist, with a market capitalization of US$86 billion.[178] On July 1, 2020, Tesla reached a market capitalization of US$206 billion, surpassing Toyota's US$202 billion to become the world's largest automaker by market capitalization.[179]
(tempting to ask) .. GM who?
 

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Discussion Starter · #10 ·
You would have to wait years for one, Tesla can only produce 750,000 Cybertrucks a year max on the production line in Texas.

Can't see it with world entering a global recession in 2023, there will be a lot of people out of work, cutting back with higher interest rates.
 

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They will sell everyone they can build. Not even a question. How fast can they ramp up production is the only thing.
 

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You mean sales will be limited by supply, not demand. Gotcha, not hard to understand. 🙄
It’s a new line building a vehicle they haven’t done before. That’s going to be there greatest limiting factor vs supply.
 

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Doesn't every manufacturer sell every vehicle they build... or is there a holding lot of brand new 1965 Rivieras still out there? :rolleyes:
Ask VW with the high day count for ID4s.
 
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It’s a new line building a vehicle they haven’t done before. That’s going to be there greatest limiting factor vs supply.
What we are seeing is truly remarkable. You couldn’t make it up! Or believe it, even as a B-grade movie plot. And clearly the residue of denial remains.

Only five years separate Tesla’s birth and GM’s rebirth.

In 2008 GM resumed operations as an existing automotive design & manufacturing powerhouse. In 2003 Tesla was formed from literally nothing, beginning with 2 staff.

The comparison couldn’t be more stark. From nothing, a company has turned the industry upside down, and has forced GM to turn itself inside out.

One is the story of rapid expansion towards international success. Whilst the other, previously the perennial world leader, has shrunk down into regional status and now plays catch up, to a start-up!
 

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What we are seeing is truly remarkable. You couldn’t make it up! Or believe it, even as a B-grade movie plot. And clearly the residue of denial remains.

Only five years separate Tesla’s birth and GM’s rebirth.

In 2008 GM resumed operations as an existing automotive design & manufacturing powerhouse. In 2003 Tesla was formed from literally nothing, beginning with 2 staff.

The comparison couldn’t be more stark. From nothing, a company has turned the industry upside down, and has forced GM to turn itself inside out.

One is the story of rapid expansion towards international success. Whilst the other, previously the perennial world leader, has shrunk down into regional status and now plays catch up, to a start-up!
That is an interesting take. To be honest I see Tesla as an example of company that shouldn’t have gotten so big so fast if it weren’t for a heavy reliance on government money. Ol’ Elon knows how to swindle the tax payers and I sure don’t like it from that Charlatan.
 
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