Skip to main content

Tesla Shares a Picture of $40 Million Worth of Cybertrucks Parked Together – Starts Cybertruck Deliveries to Verified Long-Term TSLA Shareholders – Continues 50,000 Cybertruck Run Rate

Tesla has shared a picture of around 400 Cybertrucks parked together on the company's official page. Tesla shared this picture after the EV maker revealed that Cybertruck deliveries to verified long-term TSLA shareholders had begun.
Tesla Cybertruck

A picture shared by Tesla’s official Cybertruck page and a new drone flight over Giga Texasb by Airway Dynamics, show hundreds of Cybertrucks parked beside each other. In a single frame, you can see around 400 Cybertrucks together.

At around $100,000 a piece, 400 Cybertrucks next to each other amounts to around $40 million worth of Cybertrucks seen parked together.

However, this is only the number of Cybertrucks spotted on the outbound lot at Giga Texas. This area is where Tesla stores Cybertrucks before they are shipped out to various locations across the country.

However, throughout the surrounding area of Tesla’s Texas factory, hundreds more Cybertrucks can be seen already built and ready to be handed over to customers.

Related News: Elon Musk Defends Tesla’s Recent Massive FSD Price Cuts Against Suggestions “A Monkey Can Come Up With a Better Pricing Strategy” – Musk Says “Only a Fool Thinks the MSRP is the Real Price”

Seeing these many Cybertrucks together is exciting. However, this video and picture combo also come with two exciting Cybertruck updates.

First, a couple of weeks ago, Tesla halted Cybertruck deliveries due to an issue with the truck’s accelerator pedal which could leave the Cybertruck stuck at full power.

Before Tesla settled on a mechanism to fix the issue, we saw hundreds of Cybertrucks pile up at Giga Texas. Although it was challenging to tell the Cybertruck production rate at that point, it was nonetheless clear that Cybertruck production had ramped up.

After Tesla instituted the Cybertruck accelerator pedal fix and restarted the deliveries, the stockpile of Cybertrucks at Giga Texas started to drop quickly.

However, luckily, during the incredible Q1 earnings call, which caused a short squeeze and saw Tesla’s value increase by a whopping $50 billion in a day, Tesla also gave us an update on Cybertruck production.

Tesla said that a couple of weeks back, the company reached a production rate of 1000 Cybertrucks per week for the first time.

This is an incredible milestone since 1000 Cybertrucks per week means 50,000 Cybertrucks per year.

Tesla reaching a production run rate of 50,000 Cybertrucks per year is undoubtedly exciting, however, this number is predicated on Tesla maintaining the 1000 Cybertrucks per week production rate for an entire year.

When Tesla instituted the accelerator pedal fix, and we saw Cybertruck numbers quickly dwindle at the Texas facility, it created doubt about whether the 1000 Cybertrucks per week number was a one-off all-hands-on-deck achievement or if Tesla could keep this production rate going forward.

However, the recently spotted $40 million worth of Cybertrucks parked together and the many more hundreds of Cybertrucks parked throughout Giga Texas prove that Tesla has not only reached a production run rate of 1000 Cybertrucks per week but is also able to maintain this run rate.

This gives us more hope for the more than a million Cybertruck reservation holders anxiously awaiting their trucks' delivery.

Tesla achieving a production run rate of 50,000 Cybertrucks annually is especially good news for Tesla investors as the recently spotted Cybertrucks appear to be headed to be delivered to verified long-term Tesla shareholders.

If you recall, a few weeks ago, Tesla started a program where long-term Tesla investors who own shares worth $86,000 or above could skip the queue and order their Cybertruck ahead of everyone.

Currently, Tesla has an online Cybertruck page; however, you can only place a general reservation for a future Cybertruck order on that page.

Instead, if you want to lock in and configure your exact Cybertruck specification, for now, the only way to do so is if Tesla sends you an email inviting you to a private website to place that order.

Throughout this process, Tesla has been using various metrics to determine which individuals should get their Cybertrucks earlier than others.

The very first Cybertrucks went out to Tesla employees. Then, Tesla appeared to be prioritizing previous Tesla owners, and now, as I have already mentioned above, Tesla is allowing long-term shareholders to skip the queue and get their Cybertrucks.

When Tesla started this program a few weeks ago, the EV maker published a set of prerequisites Tesla shareholders need to meet to get their Cybertrucks early.

These rules include…

  1. The Cybertruck reservation must be in the participant’s name and have been made prior to March 1st, 2024;
  2. The participant has not yet taken delivery of a Cybertruck;
  3. Each participant must provide brokerage statements showing that you owned TSLA shares on Feb. 28, 2021, and owned at least 500 TSLA shares on Feb. 29, 2024;
  4. The brokerage statements for Feb. 29, 2024, must show that you owned at least 50% of the TSLA shares that you owned on Feb. 28, 2021, and
  5. Brokerage statements proving shareholdings must clearly show first/last name, statement date, and Tesla shares. All other information may be redacted.

Since March 22, Tesla has been validating information sent by Tesla shareholders who have submitted the necessary information. Today, Tesla’s Head of Investor Relations, Martin Viecha, has announced, “The first batch of early Cybertruck delivery invites for long-term shareholders just went out.”

Martin Viecha added, “Sorry about the delay; verifying statements of so many shareholders is taking some time. More to come!”

After over a month, Tesla has verified at least some investors as long-term shareholders, and it appears that these individuals will soon be able to take delivery of their trucks.

As of now, we haven’t received reports of the first Tesla long-term shareholder taking delivery of his/her Cybertruck. However, we’ll be sure to keep you posted as we receive more information about the program. We will also keep you updated on the ongoing Cybertruck production ramp.

Until then, visit our site, torquenews.com/Tesla, regularly for the latest updates.

So, what do you think? Were you surprised to see 400 Cybertrucks parked next to each other? Also, what do you make of Tesla's program allowing wealthy Tesla shareholders to skip the queue and get their Cybertruck early? Let us know your thoughts in the comments below.

Image: Courtesy of Tesla, inc.

For more information,  check out: First Tesla Cybertruck Crash With a Semi-Trailer Leaves the Cybertruck Mangled – A Painful Video Shows the Cybertruck Reach the Limits of Its Indestructibility

Tinsae Aregay has been following Tesla and The evolution of the EV space on a daily basis 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.

Auto Sector Stocks
Automotive News
Electric Vehicle News and Reviews
News Opinion
Pickup Trucks
TorqueNews Hot Topics
Tesla
Tesla Cybertruck