• Tesla’s Cybertruck orders climb to 200,000: Musk

    The electric-car maker has a history of unveiling future products, such as the Semi, to throngs of excited customers, taking deposits and then waiting years to deliver.
    Nov. 25, 2019
    Photo: Tesla
    tesla_cybertruck_11.jpg

    (Bloomberg) — Tesla CEO Elon Musk said orders for its Cybertruck have climbed to 200,000 even after two windows unexpectedly shattered in Thursday’s big reveal.

    The electric-car maker has a history of unveiling future products to throngs of excited customers, taking deposits and then delivering years later. Two years ago, Tesla showed off a Semi truck and a next-generation Roadster sports car, but neither vehicle is in production yet. This spring, Musk unveiled the Model Y crossover; that vehicle is slated to begin production next summer.

    The orders, an increase from a 146,000 figure that Musk announced in a Tweet on Saturday, underscores the hard-to-resist nature of announcing deposits, even when they are fully refundable and may never be converted into actual sales.

    The angular, futuristic design and the shattering glass generated enormous publicity for Tesla and its truck, but shares tumbled 6.1% to $333.04 Friday, the sharpest decline in almost two months.

    Separately, Musk tweeted on Sunday that while Cybertruck would be Tesla’s last product unveil “for a while,” the company will make some unexpected technology announcements next year.

    About the Author

    Dana Hull

    Ed Ludlow

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