Tesla's Cybertruck Reservations Surpass 2M As Commercial Launch Draws Close
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc.'s Cybertruck reservations have surpassed 2 million as the commercial launch nears. The company missed the initial launch deadline due to the COVID-19 pandemic and other geopolitical tensions. Reservations doubled from one million in May 2021. Future Fund's Gary Black expects the Cybertruck launch to significantly boost Tesla's sales volume, similar to the Model Y EV launch.
September 16, 2023 | 8:55 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The upcoming commercial launch of Tesla's Cybertruck, with over 2 million reservations, is expected to significantly boost the company's sales volume.
The news of over 2 million reservations for Tesla's Cybertruck indicates strong consumer interest. This, coupled with Future Fund's Gary Black's prediction of a significant sales volume boost similar to the Model Y EV launch, suggests a positive short-term impact on Tesla's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100