Tesla Stock Rises After Cybertruck Orders Surpass 200,000

When Tesla (NASDAQ: TSLA) unveiled its futuristic Cybertruck on Thursday, critics mocked its appearance. "Tesla's Cybertruck is a jarringly angular stainless-steel-bodied behemoth that looks like it escaped from the set of a dystopian sci-fi film," Motley Fool auto expert John Rosevear wrote at the time.

Many analysts predicted that rather than making it a legitimate challenger to Ford's (NYSE: F) best-selling F-150 pickup trucks, Cybertruck's nontraditional design would relegate it to becoming one of the auto industry's niche products. But judging by the surging number of early preorders for the radical electronic vehicle, these analysts might be underestimating demand for Tesla's latest creation.

Tesla's new Cybertruck is proving to be more popular than expected. Image source: Tesla.

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Source Fool.com