Here’s Why You Should Cancel Your Tesla Cybertruck Preorder

When Tesla unveiled the Cybertruck, it made waves thanks to its unconventional design. Still, the EV maker soon became overwhelmed with Cybertruck preorders. Tesla also wants to add more features to the Cybertruck before its release, such as curved and heat-treated windows.

Unfortunately, the Tesla Cybertruck has been delayed until at least 2022 despite Tesla’s promises to the contrary, Electrek reports. As a result, many would-be buyers have canceled their preorders. So, what’s going on with the Cybertruck’s release, and how can concerned customers get their deposits back?

The troubled Tesla Cybertruck

The Tesla Cybertruck is unveiled at Tesla Design Center in Hawthorne, California, on November 21, 2019
Tesla Cybertruck | FREDERIC J. BROWN/AFP via Getty Images

The Tesla Cybertruck comes in two configurations: a single-motor front-wheel-drive version and the dual-motor all-wheel-drive variation. A tri-motor AWD model is also in the works, but Car and Driver predicts one will be delayed until 2023. The single-motor version can reportedly get over 250 miles of range and reach 60 mph in 6.5 seconds.

The Cybertruck dual-motor can hit 60 mph in 4.5 seconds and boasts over 300 miles of electric range. The tri-motor version is the most powerful, with a sub-three-second 0-60 time and over 500 miles of range. Tesla also says the tri-motor will have the highest towing capacity, up to 14,000 pounds.

The single-motor can pull 7,500 pounds, while the dual-motor can tow up to 10,000 pounds. Over one million customers have enough faith in the Cybertruck’s power to buy one, the Tesla Reservation Tracker reports. Production was originally scheduled for late 2021.

Tesla hasn’t officially indicated the cause of the delay, but the industry-wide semiconductor chip shortage likely has something to do with it. If the EV maker decides to add even more features, this could also slow down production. Many consumers also worry there won’t be enough Cybertrucks to go around with so many preorders.

According to Finbold, customers have also canceled their preorders due to an Elon Musk tweet. It was far less controversial than Musk’s standard fare, stating that mining bitcoin is “a great cost to the environment.” As a result, Tesla will no longer accept bitcoin as payment for any of its vehicles.

Has the EV maker ever experienced similar delays?

The redesign of the Tesla Roadster has also been moved from 2021 to 2023. It’s slated to be the fastest model in the automaker’s lineup, reaching 60 mph in only 1.9 seconds. It will reportedly have a top speed of 250 mph. It will also be the most efficient Tesla, with 620 miles of range.

Tesla also plans to bring its own semi-truck to market, which would get 500 miles on a full charge. The automaker claims this would still be possible with a maximum payload while traveling at 60 mph. Tesla now says the Semi will be released in 2022, three years late.

Given Tesla’s track record, it’s understandable why consumers are hesitant to trust the automaker. Fortunately, the Cybertruck’s $100 reservation fee is refundable.

TeslaLounge Reddit users say it’s easy to cancel your reservation under the Manage setting on your preorder page. If you’re still holding out, TorqueNews shows you how to see when your Cybertruck might arrive.

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In addition to disappointing its fans, the Cybertruck’s late release sets it up for potential failure. The Rivian RT1 is set to debut later this year, and the Ford F-150 Lightning might be available as soon as May 2022. The GMC Hummer EV will likely debut around the same time because it will also begin production this fall.

The Tesla Cybertruck will no doubt have some heavy competition. However, if it can live up to its performance promises, a few thousand canceled preorders might not affect the electric pickup’s sales.