Have to be honest with you I don’t currently have a position in Tesla. But I am intrigued about what I’m hearing regarding the release of the cyber truck. Evidently they have a lot of orders currently with big deposits, along with a backlog of 1,900,000 orders waiting to be filled with a late 2023 or early 2024 release date.
According to this article, that is a five-year backlog.
“Tesla Cybertruck Orders Surpass 1.9 Million, 5 Year Wait Times”
There are now over 1.9 million orders for the long-awaited Tesla Cybertruck, per a crowd-sourced data tracker. Speaking on an Earnings Call earlier this week, Tesla CEO Elon Musk stated that demand for the Cybertruck is “so off the hook, you can’t even see the hook.”
Given that Tesla plans to produce 375,000 Cybertrucks a year at peak capacity, new orders will technically take around 5 years to arrive.
It seems to me that Tesla would be a great place to jump in if it falls to $200 per share. I don’t see it going much lower than $200.00
Recent history:
52 week history $101.81 low and $313.00 high.
https://insideevs.com/news/678191/tesla-cybertruck-orders-5-year-wait-times/amp/
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