Elon Musk's 'Off The Hook' Cybertruck Demand Comment Proven Right As Reservations Soar To Over 1.9M In A Year
Portfolio Pulse from Shanthi Rexaline
Tesla's Cybertruck reservations have reached over 1.9 million, potentially earning the company around $194 million in preorder revenue. However, not all preorders may translate into confirmed purchases. Tesla CEO Elon Musk has stated that deliveries will begin later this year, but has not committed to a firm date. The company is currently working on the exterior dimensions of the electric pickup truck. Future Fund's Gary Black, who is bullish on the Cybertruck, believes it will boost demand for all Tesla vehicles.
July 22, 2023 | 3:57 am
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Tesla's Cybertruck reservations have reached over 1.9 million, potentially earning the company around $194 million in preorder revenue. However, not all preorders may translate into confirmed purchases. Tesla CEO Elon Musk has stated that deliveries will begin later this year, but has not committed to a firm date.
The high number of Cybertruck reservations indicates strong demand for the product, which could potentially boost Tesla's revenue significantly. However, the fact that not all preorders may translate into confirmed purchases introduces some uncertainty. The company's stock price may be positively impacted in the short term due to the anticipation of the Cybertruck deliveries.
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