The highly anticipated commercial launch of Tesla’s Cybertruck could happen soon as reservations for the electric pick-up truck have exceeded two million, according to a crowd-sourced online reservation tracker. Initially announced by Tesla CEO Elon Musk in late 2019, the Cybertruck faced delays due to the COVID-19 pandemic and other economic uncertainties. However, the number of reservations has continued to grow steadily.
Benzinga reported in May 2021 that reservations had reached one million units, and the number has now doubled in a little over a year. Tesla fans and enthusiasts have been fueling the hype surrounding the Cybertruck, with many sharing videos of the vehicle spotted in different locations.
Gary Black, an investor at Future Fund, believes that the Cybertruck’s launch will not only boost sales for Tesla’s other vehicles but also increase the company’s overall volume significantly. He draws a parallel with the launch of the Model Y EV, which led to a substantial increase in sales volume from 2020 to 2021.
Despite its delays and the challenges of the pandemic, the Cybertruck continues to generate excitement and anticipation in the market. Tesla’s stock price ended Friday’s session down slightly, indicating that investors are monitoring the progress of the Cybertruck closely.
The Cybertruck’s popularity and the growing number of reservations highlight the strong demand for electric pick-up trucks and Tesla’s innovative offerings in the market. As the commercial launch approaches, potential customers and the automotive industry as a whole eagerly await the arrival of this unique electric vehicle.
– Benzinga: [insert URL for original source here]
– Image Source: Shutterstock (arda savasciogullari)