Crowd Sourced Data Shows Cybertruck Reservations Are Over One Million

by Denis Gurskiy
Tesla ATV on Cybertruck

It has been over a year since the Cybertruck was formally unveiled and it still remains one of the weirdest (if not weirdest) looking production vehicles coming our way. The unique looks have drawn questions regarding if the styling might be too radical to be successful.

Those fears were soon quelled when Musk tweeted out that Tesla had received about a quarter-million reservations for the Cybertruck within about 48 hours of opening orders. Since then, the faithful Tesla community has been using crowdsourced data to get an estimate regarding how many reservation holders there are for Tesla’s electric truck. 

One of the datasets that we have been watching since the reveal has now estimated that there are over one million reservations for the Cybertruck. The tracker now has over 18,000 entries and extrapolates the total reservations based on the reservation numbers given to reservation holders. This assumes serial numbering for the Cybertruck, but Tesla has done it with their reservations in the past, so there is some precedence that it can work again.

Of course, we have to keep in mind that a reservation for a Cybertruck only requires a refundable $100 deposit, so a reservation does not necessarily mean an order will go through. Still, it doesn’t look like Tesla will have many demand problems regarding the Cybertruck.

Currently, the single motor option is by far the least popular option, no doubt in part to the increased waiting time to get it. The dual and tri-motor options however are very close in terms of take rate:

  • Single-motor: 7.5%
  • Dual-motor: 48%
  • Tri-motor: 44.48%

Additionally, a whopping 74.4% of reservation holders have chosen to take the FSD package as well. Lastly, and most surprisingly is that only about 27% of reservation holders are prior Tesla owners, meaning that the Cybertruck really extended outside the typical Tesla buyer. Despite the looks that so many people were worried about, was found appealing by more than just the diehard Tesla fans.

Tesla still has the Cybertruck scheduled to start production by the end of the year, but it’s becoming less and less certain as time goes on. While the Texas Gigafactory is under construction, the Model Y portion of the factory will be ready before the Cybertruck portion. In fact, we have yet to see the Cybertruck in its fully production-ready state as Musk has stated that there have been some minor changes compared to what we initially saw at the unveiling.

Even if Tesla does manage to make the electric truck this year, we can’t imagine that they will be made in meaningful numbers until next year. One thing’s for sure, they are going to have to go through a heck of a backlog.

 

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