Tesla's Cybertruck Reaches 200,000 Preorders

Tesla Inc TSLA Cybertruck truck has reached 200,000 online preorders.

The preorder fee is $100, and it is refundable. It's significantly less than previous Tesla's online order fees, CNBC notes. To preorder SUV Model Y, for instance, customers had to provide a $2,500 deposit.

Tesla's highly anticipated truck, was unveiled Thursday night at an event in Los Angeles that went wrong. During the live demonstration of the truck's "unbreakable glass," the glass was broken twice. "Well, there's a room for improvement," CEO Elon Musk said.

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What's Next

The truck production will start in late 2021 for most of the models, whereas Tri Motor AWD, a model with three electric motors and all-wheel drive, production is planned for late 2022, the official website states.

Musk mentioned Cybertruck is Tesla's "last product unveil for a while, but there will be some (mostly) unexpected technology announcements next year."

Price Action

Telsa stock closed at $333.04 Friday, going down by 6.14%.

Photo credit: Tesla Official Website