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Tesla CEO Elon Musk. Photo credit: Getty Images

Cybertruck Reveal: Tesla’s Shares Climb Again

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Elon Musk tweeted over the weekend that pre-orders were rolling in for Tesla’s Cybertruck and reached 200,000 as of Sunday. Bolstered by this, Tesla’s shares climb up again by 4% on Monday.



Shares of Tesla went up as much as 5% on 25th November 2019. The pre-orders come after the Cybertruck’s awry reveal last week when the vehicle’s shatterproof glass windows were broken in a live demonstration, sending the stock down.


Tesla’s shares skidded after its Cybertruck disaster sent shares slipping last week.


Shares of the electric-vehicle maker were up as much as 5% in early trading Monday after Elon Musk tweeted Sunday that 200,000 people have made pre-order for the pickup.



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The tweet followed an earlier message from Saturday in which Musk said that 48 hours after the reveal event that as many as 146,000 people had pre-ordered the cybertruck.


Musk Says Pre-Orders  Coming in With No Advertising

This resurgence comes after Wall Street’s skeptical reaction to the Cybertruck’s futuristic design. Analysts said on Friday that the truck looked “weird” and that it could keep consumers from purchasing it.


Seemingly, the more expensive options are the most popular. Musk tweeted Saturday that 41% pre-ordered the triple-motor option, which starts at a price of $69,900, and 42% have ordered the dual-motor option at $49,900. Only 17% have pre-ordered the single-motor option, which starts at $39,900.


The pre-orders are coming in even with “no advertising and no paid endorsement,” according to Musk.


Customers can make a pre-order a Cybertruck on Tesla’s website for a $100 “fully refundable” deposit. And, they will be able to complete their configuration “as production nears in late 2021,” the website reads. This is compared to the $1,000 Tesla charged for booking Model 3 sedans in 2016, sending the company’s shares back up on Monday.


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