It appears that Tesla is having hard time finding new Cybertruck buyers after the Cybertruck reservation list essentially collapsed. Ultimately, only 2.5% of the over 1 million reservation holders decided to purchase the truck.
This statement holds true even after the cheaper, non-Foundation Series $79,990 Cybertruck became available.
After exhausting the reservation list, Tesla has to rely on a steady stream of new Cybertruck buyers to keep the production lines running; however, the EV maker appears to be struggling in this regard.
New data suggests that Tesla has less than 10 days of Cybertruck orders in its company books.
The first evidence of low Cybertruck demand comes from Tesla fans, specifically from people who have decided to buy the non-Foundation Series $79,990 Cybertruck.
Gabe Thompson is one of those individuals and says he was surprised at how quickly Tesla was able to build and deliver his Cybertruck after he ordered one in mid-October.
A few days ago, Gabe wrote on the Tesla Cybertruck group on Facebook…
“I ordered a Non-Foundation Series Cybertruck on October 18th, and it will be delivered tomorrow. I am surprised how quick it was from order to delivery. I did not have a reservation from years ago, either. Is this typical now? Are they having that hard of a time selling these trucks?”
Below his post, Gabe provided two screenshots from his Tesla app. The first picture shows his Cybertruck order number and VIN number, vehicle details such as dual-motor all-wheel-drive trim and tactical gray decor, and the October 18 order date.
The second screenshot shows his Cybertruck delivery date scheduled for October 29 at 5:00 pm.
Fast forward a few days, and Gabe shared a second post. This time after he took delivery of his Cybertruck, writing…
“Today, I took delivery of a non-foundation series Cybertruck in Dallas. I ordered it on October 18 and received it on October 29, which was way faster than I expected. Any suggestions for what color to wrap it?”
Below his post, Gabe shared a picture of himself standing in front of his brand-new Cybertruck, with the US and Texas flags as the backdrop.
As Gabe already pointed out, he did not have any prior Cybertruck reservation. He simply jumped on Tesla’s website, ordered a $79,990 Cybertruck, and Tesla built and delivered it to him in only 10 days.
For anyone outside of Tesla, it’s impossible to say how many Cybertruck orders the company has and how many days of production that is. However, if it takes the company less than 10 days to go from order to delivery, then that’s a very good sign that Tesla has only a few days of Cybertruck production on the company’s order books.
This is quite surprising. Before Tesla started selling the Cybertruck, based on the over million people long reservation list, Elon Musk was expecting the truck might be sold out all the way to 2027.
However, less than a year since the start of production, not only has the reservation list completely evaporated, but anyone can order and take delivery of a Cybertruck in less than 10 days.
At this point, you might think that Gabe is only one individual and that we shouldn’t conclude that Tesla has only 10 days of Cybertruck orders based on one person's experience.
However, looking at social media posts all over the internet, there are several more new Cybertruck owners who shared their surprise at how quickly Tesla was able to build and deliver their Cybertruck.
Below Gabe’s post, another new Cybertruck owner, Devin Sierra, shared his similarly expedited Cybertruck delivery process, writing…
“I ordered mine on October 15. The pick-up is scheduled for October 30. I live in the Dallas–Fort Worth area, and it’s also a non-Foundation Series Cybertruck.”
Another new Cybertruck owner, Saoheng Young, in a completely different post, shared his quick Cybertruck delivery process, writing…
“I ordered October 11th a minute after the email blast. It was built, and I got my VIN on October 15. Arrived at my local dealership, Tesla Peabody, Massachusetts, on October 29th. I picked it up on November 1st. Initial impression: worth every penny.”
David shared a picture of himself at the Tesla dealership picking up his Cybertruck.
Looking at all these posts, it is easy to determine Tesla, indeed, only has a few days’ worth of Cybertruck orders on the company books.
In the past few months, the wait time to get a Cybertruck has quickly shrunk from years to months to weeks, and now it is down to days. This trend then raises the question: Does Tesla have enough demand to keep the Cybertruck production line running?
The answer to this question will depend on whether Tesla is able to continuously attract new Cybertruck buyers. Tesla is able to do this for the company’s other vehicles. The Model S, Model 3, Model X, and Model Y don’t have reservation lists and are selling fine.
However, it’s doubtful whether this strategy will work for the Cybertruck. Can Tesla generate continuous strong Cybertruck demand when only 2.5% of the reservation holders have decided to buy the truck?
If not, Tesla will be forced to scale back Cybertruck production or, even more worryingly, halt it to allow demand to catch up.
We should have a better picture of ongoing Cybertruck demand in the coming weeks; however, please let me know what you think in the comments. Share your ideas by clicking the red “Add new comment” button below. Also, visit our site, torquenews.com/Tesla, regularly for the latest updates.
Image: Courtesy of Tesla, inc.
For more information, check out: Tesla Finally Responds to the Cybertruck Tow-Hitch Controversy, Says “The 11,000 lb Tow Rating Isn't Absolute”
Tinsae Aregay has been following Tesla and the evolution of the EV space daily for several years. He covers everything about Tesla, from the cars to Elon Musk, the energy business, and autonomy. Follow Tinsae on Twitter at @TinsaeAregay for daily Tesla news.
Comments
Well I had a reservation but…
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Well I had a reservation but I was believing the price would come in under 60k to 65k. I currently own model 3 love tesla. Still 80k before taxes and I can imagine cost especially in NYC where Im from or insurance is too much for me unless I had a real need like work.
I feel, as I'm doing,…
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I feel, as I'm doing, waiting for tax credit ti kick in. Then I will immediately order it.
Musk and his minions should be able to force this, if he wants to keep the wheels turning.
But, but, it's the best…
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But, but, it's the best selling truck of all time! Or so Tesla fan boys want you to believe.
In Paramus, NJ, there are…
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In Paramus, NJ, there are large numbers of Cybertrucks sitting in overflow storage lots (in back of Fashion Center). Strange to see row after row of vehicles just sitting there seeing as they are supposed to be such hot sellers
Seriously, anyone who is…
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Seriously, anyone who is around cars never says "VIN Number". It's a double entendre, like saying "ATM Machine". An ATM is an Automated Teller Machine.
VIN stands for "Vehicle Identification Number", so saying or typing VIN Number, you're saying "Vehicle Identification Number Number". Same goes for ATM Machine.
Either you are a car guy or you're a writer who reports on cars. I'd say you're the latter, with limited actual car knowledge.
This article about the Cybertruck is pretty one sided. You're pretty much just speculating, since Tesla doesn't regularly report on production numbers, sales or vehicle inventory supply. Nice try. Now write an article with actual proof of your claims WITHOUT showing your bias.
No surprise. The Ford…
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No surprise. The Ford Lightning met with the same fate. New model car preorders are only about 5% meaningful on a good day.
I would buy the Cyber Truck…
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I would buy the Cyber Truck without any hesitation tomorrow if they sell it to me for the price that I originally signed up for of $39,900 for a single motor version. 60k and 70k is too steep for me to even consider. I'd rather get my deposit money back...
I work near an airport in…
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I work near an airport in San Bernardino CA. They are using empty lots to store excess Teslas. Everyday for the last month I see the same 10 Cybertrucks trucks sitting there among the others Teslas collecting dust. They are not flying off the shelf.
I wonder if they had a bunch…
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I wonder if they had a bunch already built and waiting for customers.
Not surprised. I cancelled…
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Not surprised. I cancelled my Cybertruck order and we didn’t buy a Y because of the Elon train wreck.
Did this article have a word…
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Did this article have a word count requirement? It's like the same thing was being said four times.
Probably. This guy mostly…
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In reply to Did this article have a word… by ArmedPenguin (not verified)
Probably. This guy mostly writes anti Tesla stories. However it doesn't matter as Tesla is making a 17% profit margin on it's EV sales. The highest of any Automaker. It also has several billion dollars in the bank. Toyota and VW both owe in excess of $200 billion each and their sales are declining. CT is not a big part of Tesla's earnings and price will drop significantly by 2025.
Not sure about anyone else,…
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Not sure about anyone else, but I think they are as ugly as hell. They may be worth every penny, but just when you thought those Hummers were big enough they come out with something even bigger
'VIN number' Means 'vehicle…
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'VIN number'
Means 'vehicle identification number number'.
Story fails to mention that…
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Story fails to mention that all the bad publicity Tesla is receiving from nosediving resale value(cybertruck) and a variety of unreliability and manufacturers defects.
People jumped on the bandwagon from the start. 97.5% of the original orders are not accepted. These are the smart ones.
Another way to look at this:…
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Another way to look at this: The ideal situation would be to sell as you build. Minimize inventory costs. Could they be that smart, or lucky?
What would help is for Tesla…
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What would help is for Tesla to offer "limited time offer" of 10% off sticker price or FSD at 1/2 price. That should bring in few more buyers.
No problem, they can just…
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No problem, they can just switch production to the roadster. 😂
Tesla has a huge dealership…
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Tesla has a huge dealership / storefront in northwest Houston, Texas that is stacked full of Cyber trucks (presumably unsold), which backs up the claims in this article. The dealership parking lot is full (of vehicle stock), and they're storing the excess on a grassy field adjacent to it. So many Cybertrucks that you could probably identify them from satellite images (assuming you're looking at current images). Makes sense that they can fulfill orders quickly.
Clearly demand has dried up…
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Clearly demand has dried up after everyone discovered just how overhyped it is. If they stop producing it, hopefully that's a wakeup call to producing better quality products in the future.
You do understand they have…
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You do understand they have a large number of pre-built trucks.
My brother in law works at the facility. They have rows in the lot that are done. Each row is built in a different configuration. You order one they take it from the appropriate row and ship it.
This will be more evident when a customer orders in Jan 25' and sees their truck was built Dec 24'. I do wonder how people can be so uninformed about how vehicles are manufactured.
That's what happens when you…
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That's what happens when you more than double the price point. To go from 35k to 80k is a ridiculous increase.
The lowest was $39,900. That…
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In reply to That's what happens when you… by Justin (not verified)
The lowest was $39,900. That was 5 years ago. The dual motor was $49,900. That has gone up by $30,000 over a 5 year period. Not as bad. But still not great. However I expect it to drop from $79,900 to $69,900 by early 2025. At that price it will compete with other trucks quite nicely.
Goodbye Tesla!
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Goodbye Tesla!
I've never seen one on the…
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I've never seen one on the road here in Florida... In fact this place ain't exactly busting down the EV doors either. Useless truck. Can't pull anything and it ain't exactly a "work" truck either.
I ordered a cyber truck on…
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I ordered a cyber truck on 10/13/24 and I have had a reservation for two years, and I have not got a vin number yet. Something does not seem to agree with the previous article.
Misplaced "only". Should…
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Misplaced "only".
Should be:
Tesla Has Only 10 Days of Cybertruck Order Backlog Before Being Forced to Halt the Production Line
There is nothing "worrying"…
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There is nothing "worrying" about the possibility of Tesla having to halt Cybertruck production. In fact, that would be highly desirable. The "truck" is a blight on the roadways - in both design and build quality. Bottomline, it is an absolute waste of resources.
I now have the money to buy,…
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I now have the money to buy, but Musk's politics prevent me from spending a dime. Sorry Elon - No Sale!
I have Tesla X. In NJ and an…
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I have Tesla X. In NJ and an S,and 3 in Florida. Several years ago I put an order for two of the trucks and will be asking for refund of the $100 each. The new truck has significant engineering but the design is harsh and weird. The sharp edges seem dangerous and the back window covered by the deck lid is not good. The real drag is the finger print problem which leads to the expense and impracticality of wrapping The interior is also square and harsh.
I dont like Tesla switching to horizontal screen and wish they would offer an X model with sliding doors as an alternative to the flappers
Pagination