There’s a five-year queue for the Cybertruck — good news for flippers.
As you already know, the Tesla Cybertruck is one of the most anticipated vehicles of the last decades. Since the initial launch in November 2019, there has been a whopping 1.9 million orders for the wedge-shaped electric truck. And given that ordering Musk’s futuristic pickup requires a $100 deposit, the Austin-based manufacturer has already made at least $190 million in pre-orders. Musk even admitted he didn’t expect Tesla would be that flooded with orders.
Musk believes the Cybertuck‘s technology and distinctive styling are keys to selling the EV — and it’s true. The amount of orders today has nearly doubled compared to May 2021.
As of now, Tesla’s Giga Texas plant is claimed to be able to produce 375,000 electric trucks per year at peak capacity. As impressive as that may sound, it still means it would take Tesla roughly five years to fulfill all current orders.
That said, the Cybertruck could also be manufactured at the Giga Mexico plant once it’s up and running, which should lessen the waiting time. Not to mention some customers may not follow through with their initial order. After all, the deposit was only $100 and is fully refundable.
Still, adding insult to injury, selling the Cybertruck outside North America could prove more complicated than originally anticipated. Indeed, the rather bulky size and hefty weight of the Cybertruck could cause the electric truck to be considered a commercial vehicle or semi-truck in several European countries, and driving it may require a special license, depending on local regulations. Yet despite all that, Tesla is still taking orders across European and Asian markets.
As of now, deliveries for the Cybertruck were promised for mid-2024, with mass production supposed to start in October 2023. However, Tesla already finished building its first Cybertruck in July at its Texas factory, which could mean earlier handovers to the first lucky customers. Still, only time will tell if that timeline will stand, so keep your fingers crossed if you’ve placed your order.
I have the $40,000 in cash (saving for years) and I’d rather pay all of that than the $100 due to inflation and I am not going to spend it on anything else
So you are ready to pay $40K for the truck, but not ready to commit to a $100 fully-refundable deposit because of inflation?
Inflation doesn’t change much to money you already have in your pocket.
The inflation rate from 2001 to 2021 was about 45% to 55% — but if you had made $100 in 2001, no matter whether you had save is aside or used it as a deposit on a Cybertruck, you would still have $100 today — a $100 bill in your pocket doesn’t become more or less with time; it’s always worth $100… only purchasing power associated with that $100 would have decreased.
Although, it’s true that you could have invested it instead, but even then, you would only have lost the interests.
But considering that orders for the Cybertruck only started in 2019, the rise in prices in the last 4 years was only 16.54%.
… which is basically the cost of a Big Mac combo and a side of 6 McNuggets on $100, no?
And no matter whether you have the money saved for a Cybertruck, if you didn’t make that deposit, you’ll simply not be able to get your hands on one for a while.
As of now, Tesla’s Giga Texas plant is claimed to be able to produce 375,000 electric trucks per year at peak capacity, which means it would take Tesla roughly five years to fulfill the 1.5 million pre-orders it already received.
Even if half of those pre-orders were to prefer to have their $100 deposit refunded instead, we are still talking about a minimum of 2.5 years. And once those are delivered, Tesla will most likely run another pre-order campaign — with a much higher deposit this time. ♂️