Tesla’s Cybertruck polarizes with its futuristic design. Nevertheless, analyst Dan Ives of Wedbush Securities estimates that more than half a million people have already pre-ordered the Cybertruck.
- Analyst currently expects 650,000 Cybertruck pre-orders
- Production is scheduled to start at the end of 2021
- It is still unclear where the Cybertrucks are produced – but there are speculations
The Tesla Cybertruck has been making impressive reservations since day one
Tesla’s Cybertruck attracted a lot of attention at its launch in autumn 2019, especially because of its futuristic design. Since the day of the truck presentation, interested parties have been able to pre-order a Cybertruck for a deposit of 100 US dollars – and this offer is apparently being taken up enthusiastically. Tesla customers were enthusiastic about the model, and Tesla boss Elon Musk reported 250,000 reservations just one week after the unveiling of the Cybertruck. Interested parties can choose between three versions: The first variant has an engine and a range of 250 miles, and with a price of around 40,000 US dollars it is the cheapest version. In terms of price, the twin-engined model is in the middle for at least 49,000 US dollars and a range of more than 300 miles. Buyers can drive the furthest, more than 500 miles, with the three-engined model, which is available from a price of 69,000 US dollars.
Wedbush analyst already expects 650,000 pre-orders
The Wedbush analyst Dan Ives has now announced in a study that according to his estimates 650,000 Cybertrucks have already been pre-ordered – even though the production start is scheduled for the end of 2021 at the earliest. The large number of pre-orders is not unusual for the e-car manufacturer, and many pre-orders were also received for the Tesla Model 3. The analyst from Wedbush Securities adds that Tesla should deliver 175,000 to 200,000 cybertrucks in its first full year of delivery, i.e. 2022, in order to sufficiently satisfy the demand.
When and where will Tesla’s Cybertruck be produced?
Originally, production of the two cheaper single- and twin-engined models was to start at the end of 2021. However, after the first 250,000 pre-orders had been received, Musk reported an adjustment of the schedule, as the cheapest model was unexpectedly ordered the least frequently: Only 17 percent of the interested parties decided on the cheapest option. Accordingly, the more expensive versions with two and three engines will go into production from the end of 2021, while production of the less expensive version is not expected to start until the end of 2022.
According to Ives, it will also be all the more interesting where the Cybertruck will eventually be produced. Austin in Texas is apparently at the forefront of the race, but Tesla’s plant in Tulsa, Oklahoma, could also become the production site of the Cybertruck in his opinion.
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