How Many Cybertruck Reservations Are There? Tesla Fans Predict A Staggering Total Ahead Of Launch
Portfolio Pulse from Chris Katje
Tesla's Cybertruck, set for production launch in 2023, has reportedly received nearly 2 million reservations, representing a potential value of $148.56 billion for Tesla. The reservations continue to rise, with estimates showing 1 million in 2021 and 1.5 million in November 2022. Tesla confirmed that Cybertruck production will start later this year at Gigafactory Texas. However, CEO Elon Musk has downplayed the initial financial impact of the launch.
August 22, 2023 | 10:49 pm
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NEUTRAL IMPACT
Ford's F-Series pickup truck was the top-selling vehicle in the U.S. in 2022 with 650,000 units.
While Ford's F-Series pickup truck was the top-selling vehicle in the U.S. in 2022, the news about Tesla's Cybertruck does not directly impact Ford's stock. However, the success of the Cybertruck could pose a competitive threat to Ford in the future.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
General Motors' truck models ranked second in U.S. vehicle sales in 2022.
Although General Motors' truck models were the second best-selling vehicles in the U.S. in 2022, the news about Tesla's Cybertruck does not directly impact GM's stock. However, the success of the Cybertruck could pose a competitive threat to GM in the future.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Stellantis' truck models ranked third in U.S. vehicle sales in 2022.
While Stellantis' truck models were the third best-selling vehicles in the U.S. in 2022, the news about Tesla's Cybertruck does not directly impact Stellantis' stock. However, the success of the Cybertruck could pose a competitive threat to Stellantis in the future.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Tesla's Cybertruck has nearly 2 million reservations, potentially representing a value of $148.56 billion. Production is set to start later this year.
The high number of reservations for the Cybertruck indicates strong demand for the product, which could significantly boost Tesla's revenues once production begins. This is likely to have a positive impact on Tesla's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100