Tesla Cybertruck Orders Are Pouring In, but Investors Are Skeptical

Tesla's (NASDAQ: TSLA) latest electric vehicle, its futuristic stainless-steel Cybertruck, has left Wall Street and investors scratching their heads about its viability, but consumers appear to love it, with pre-orders already pouring in.

Late last week, in what some considered a bizarre display at Tesla's design studio outside Los Angeles, CEO Elon Musk unveiled the much-hyped pickup that he had been teasing for weeks. The Cybertruck gets 250 miles on a single charge and starts at just $39,900. Add any of the perks like dual engines and this new electric vehicle gets much pricier. The other two models, a dual-motor one and a tri-motor version, are priced at $49,900 and $69,900, respectively.

Musk took to Twitter since its launch to give an update on how pre-orders are faring in the days after the Cybertruck's debut. On Saturday (Nov. 22) Tesla sold 146,000 Cybertrucks with 42% of orders opting for the dual-engine model, 41% for the three-engine model, and 17% for the entry-level Cybertruck. That figure got updated by Musk on Sunday (Nov. 23) in a simple tweet: "187K."

Source Fool.com