The Tesla Cybertruck Is Nearly Sold Out With $2,500 Deposits
We hate the be the bearers of bad news. But unfortunately, a majority of Tesla Cybertruck reservation holders might not get their trucks this year. The 2024 Telsa Cybertruck is officially selling out, so you might be out of luck until next year unless you put down a non-refundable $2,500 deposit.
The 2024 Tesla Cybertruck is nearly sold out
Reportedly, the 2024 Tesla Cybertruck is nearly sold out. The last call for orders this year was already made, and you have to pay to play.
Orders for the rest of the year are prioritized by those who put down the $2,500 non-refundable deposit. However, the previous $100 deposit is still refundable.
But Tesla isn’t exactly providing information about specific numbers. It’s unclear how many 2024 models will be produced. Rumors suggest that production will be limited to 48,000 models in 2024.
Tesla is working to boost production by up to 250,000 models in 2025. But if Elon Musk is being honest about how many Cybertruck models have been pre-ordered, then it will be sold out for nearly a decade.
It’s unclear if Cybertruck reservation orders have price protection. If their order can’t be fulfilled in 2024, then they could be pushed back until 2025 or canceled. This would leave people out of luck as they lose their $2,500 deposit.
We’ve heard the claim that roughly two million people got on the Cybertruck list, but there is no proof to back up that massive figure.
Also, a majority of reservation holders may have canceled their orders when the Cybertruck made its debut with notable shortcomings.
For example, it claimed to have a 500-mile range but barely made it to 320 miles of range. It was supposed to be able to tow up to 14,000 lbs but only maxes out at 11,000 lbs.
Elon Musk shared that orders have increased after the Cybertruck’s debut but didn’t specify an amount. He explained that the focus is on ramping up production with all hands on deck to fulfill existing orders and reduce waiting times.
Apparently, the Cybertruck is production-constrained, not demand-constrained. So instead of providing investors with a clear idea about how long it will take to ramp up and how many orders exist, Musk just bragged about it being popular.
Musk thanks reservation holders for their patience, though. So hopefully, that makes you feel special if you’re waiting for your order.