Gary Zhou 
Key Points
- 😲 Tesla Cybertruck orders have reached 1.9 million.
- 🚚 People are still placing deposits for the Cybertruck despite the long wait time.
- 🛏️ The Cybertruck is designed uniquely with four doors over a six-foot bed, fitting into a 20-foot garage.
- 🚀 Demand for the Cybertruck is extremely high, with unique technology attracting customers.
- 💰 The 1.9 million orders amount to over $194 million in pre-order revenue.
- 🏭 Tesla will face challenges in ramping up production to meet the high demand.
Orders for Tesla’s Cybertruck have surged past 1.9 million, with CEO Elon Musk describing the demand as “so off the hook, you can’t even see the hook.” Despite the extended waiting period of four to five years, people are still placing deposits for the unique all-electric pickup. The Cybertruck’s distinctive design, boasting four doors over a six-foot bed that fits into a 20-foot garage, has garnered significant interest and excitement.
Demand is evident for the truck, and Musk said during the Call on Wednesday that:
“Demand is so far off the hook, you can’t even see the hook.”
Musk believes the truck’s offerings are so unique that people simply won’t be able to stay away from it:
“I do want to emphasize that the Cybertruck has a lot of new technology in it, like a lot. It doesn’t look like — it doesn’t look like any other vehicle because it is not like any other vehicle.”
As of now, the Cybertruck has reached 1,943,876 reservations, as of 2:30 PM EST on Friday, July 21. This equates to over $194 million in pre-order revenue for the pickup.
This is according to a crowd-sourced data tracker. It is important to note the tracker may not be the best way to capture the accurate number of pre-orders because the $100 pre-order deposit isn’t much to blink an eye at for many, but it is all we have to go off of currently.
This 1.9 million order number is nearly double what the reservation count was a little over two years ago. In May 2021, we reported the vehicle had finally eclipsed 1 million pre-orders, roughly 18 months after the truck was unveiled.
Cybertruck production will have some serious ramping to do to get all of the reservation holders their vehicles in a reasonable amount of time. Musk said the production ramp “will move as fast as the slowest and least likely elements of the entire supply chain and internal production. So, I wouldn’t expect — I hope it’s smooth.”
Tesla did not reveal any additional details regarding pricing or configurations during the call on Wednesday, but did state that it still is on track to deliver the vehicle by the end of the year.
