• 6 hours Twitter-Shaming: The Biggest Threat To Any Business
  • 10 hours Canada Looks To Become A Major Source For Critical Minerals
  • 14 hours Hedge Funds Are Piling Into This Key Commodity
  • 3 days Trade Deal Not Likely Before Christmas 2020
  • 3 days America's $16 Trillion Debt Bubble Is About To Burst
  • 3 days Black Friday Breaks Online Shopping Records
  • 3 days Tesla's Biggest Competitor Is Hiding In Plain Sight
  • 4 days Are Celebrities Good Or Bad For Cannabis Stocks?
  • 5 days Venezuela’s Crisis Continues As Maduro Spends $5 Billion On Oil Deals
  • 6 days Elon Musk Claims 250,000 Orders For Cybertruck
  • 7 days How To Survive Thanksgiving Politics With Cannabis Gravy
  • 9 days The Fragility Of Monetary Policy
  • 9 days 5 Oligopoly Stock Picks For Your 2020 Portfolio
  • 9 days $7 Trillion In Unfunded U.S. Pensions As Domestic Debt Hits A Record High
  • 10 days Retail Is Alive And Well, But Only For The Rich
  • 10 days New Tech Could Unchain The Solar Revolution
  • 10 days China's Boldest Move Yet To Ditch The U.S. Dollar
  • 11 days 5 Stocks That Surpassed Earnings Expectations
  • 12 days Male Stress Increases With Female Earnings
  • 13 days Tesla Reveals Its New Cybertruck
Black Friday Breaks Online Shopping Records

Black Friday Breaks Online Shopping Records

Black Friday 2019 broke every…

  1. Home
  2. News
  3. Breaking News

Elon Musk Claims 250,000 Orders For Cybertruck

Tesla

With such an impressive unveiling that included audible laughter from the audience and two broken windows, it should come as no surprise that Elon Musk fanboys are falling all over one another to throw their money at their "visionary" savior. 

And this seems to be exactly what's happening. That is, of course, if you believe Elon Musk.

Musk first claimed on Twitter last week that there were already 146,000 "orders" for Tesla's new Cybertruck. Of course, what Musk meant to say was "pre-orders" or "reservations", and not actual orders. We wonder if Musk's court ordered Twitter-sitter had a chance to approve that Tweet before Musk put it out. 

By the end of the week, that number stood at 187,000 and then was bumped to 200,000 by Musk on Twitter days later.

Now, just hours ago, Musk updated his total and said that there are now 250,000 reservations for the truck, which - if true - would amount to about $25 million in refundable $100 deposits.

But whether or not all 250,000 reservations will translate into orders remains another question. Customers obviously have to take additional steps after pre-ordering the Truck. According to Tesla:

“After you submit your completed pre-order and the options you selected become available in production, we will invite you to complete the configuration of your Vehicle. We will then issue you the Vehicle Configuration and Final Price Sheet based on the base price of the model and any options included or that you select.”

Lest we forget Tesla, which also has a couple of additional steps of its own that it needs to take - you know, like actually manufacturing and producing the truck. 

But the fact that almost any millennial living in his or her mothers' basement can scrounge up $100 for a refundable deposit didn't seem to bother the pro-Tesla scholars over at electrek, who figured that, at first, it was fair game to extrapolate the first 146,000 pre-orders announced to $8 billion in sales. 

Recall, we covered the sh*tshow that was the Cybertruck reveal the day it happened. As we said then, "a picture is worth a thousand words".

And here's that picture: a truck with two shattered windows that looks like it rolled out of a dumpster heap at a metal scrapyard, being offered for the low low price of just $39,900. 

By Zerohedge.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment