Tesla Cybertruck Orders Roll In: Majority Buyers Flocking To This Option, Public Tracker Reveals
Portfolio Pulse from Anan Ashraf
A public tracker shows that over 65% of Tesla Inc's Cybertruck orders are for the all-wheel-drive (AWD) version, despite the Cybertruck's range being less than initially announced. The AWD is currently the more affordable model available, with the rear-wheel drive (RWD) version not available until 2025. The majority of orders are from California, Texas, and Florida. Tesla began Cybertruck deliveries in late November at its Texas gigafactory.
December 27, 2023 | 12:39 pm
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POSITIVE IMPACT
Tesla's Cybertruck AWD version is the most popular among pre-orders, indicating strong consumer interest despite a lower than advertised range.
The high percentage of pre-orders for the AWD version of the Cybertruck suggests a positive consumer response, which could lead to increased sales and revenue for Tesla. The preference for the AWD model over the more expensive Cyberbeast may indicate a broader market appeal due to its affordability. The strong order numbers from key states like California, Texas, and Florida also underscore the regional demand for Tesla's products. This news is likely to be viewed positively by investors, potentially leading to a short-term uptick in TSLA's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100