Skip to main content

More Cybertruck news is burbling out as Tesla’s “first release candidates” began production last week. A crowd-sourced tracker is looking at bad news for many hopeful Cybertruck buyers. First, there are now almost 2 million reservations. Granted, these were easy to secure with only a pre-order deposit of $100, so not all of them will translate into actual sales. 

Bro CEO Elon Musk giddily said about the number, “It’s so off the hook, you can’t even see the hook.” Musk is nothing without his fair share of hyperbole. Still, it is a massive number, which should worry reservation holders. 

What does the Cybertruck data tracker show for deliveries?

Tesla Cybertruck in desert setting
Tesla Cybertruck | Tesla

That’s because the tracker also shows that it could take a while to plow through those 1.9 million reservations. Musk has already said production will reach 375,000 trucks a year once the assembly plant hits its stride.

Of course, there are a lot of variables that could make these predictions change. Musk says deliveries will begin later this year, with production reaching full speed in 2024. These first trucks are all built in Texas, with other parts of the world joining the production fun later. 

How do some of the Cybertruck numbers break down?

Tesla Cybertruck rear 3/4 tailgate open
Tesla Cybertruck | Tesla

Based on the data in the tracker, almost 70% of orders want the Full Self Driving feature. Single motor reservations are only 8.7%, with the dual-motor option making up 44% and tri-motor coming to almost 40%. Though we’re no economists, it almost seems cheaper for Tesla to give those ordering a single motor the dual-motor version and just quietly drop the option. 

Another interesting tidbit is that 28% of orders are from current or former Tesla vehicle owners. Taken together, what’s astonishing is the Booked Total Revenue from these reservations amounts to $147 billion. So, it would be quite a haul if Tesla conquered all of these reservations.  

Is there still interest in the EV truck?

Tesla Cybertruck in desert setting
Tesla Cybertruck | Tesla

The takeaway to all of this is that interest remains strong for the Cybertruck. Its debut was in November 2019, so it is close to hitting four years on. So that, too, is somewhat surprising. Car buyers are not always patient, and now there are head-to-head rivals beating the Cybertruck to production. That would be the Ford F-150 Lightning, Rivian R1T, and GMC Hummer EV. Soon, both the GMC Sierra and Chevrolet Silverado EVs will begin deliveries, adding more to the EV pickup truck brigade. 

Initially, it is expected that early Cybertruck buyers will have their trucks on the secondary market to realize hefty markups. We’ve seen this happen with most hot vehicles once they hit the showrooms. Think Corvette C8, Ford Bronco, and Mustang Mach-E. That will soon dissipate, but not for a while. 

So those that put in an order need to buckle up and be vigilant. Shortages of materials, labor, or supplier snafus lurk around every corner. At least this absolutely unique truck has made it to actual production. 


Tesla CEO Musk Says Date Set for Cybertruck Launch: Do You Believe Him?