One of the most anticipated automotive launches of all time is set for Thursday, with Tesla Inc (NASDAQ:TSLA) set to make the first deliveries of the Cybertruck electric pickup truck.
The event is several years in the making and comes after several delays. Here’s a look back at the Cybertruck’s development and what’s next.
Cybertruck Unveiling: Tesla unveiled the Cybertruck on Nov. 22, 2019. At the time, the company said the vehicle would begin deliveries in late 2021 with a price range of $29,900 to $69,900.
The electric pickup truck was inspired by “Blade Runner” and a vehicle in the James Bond movie “The Spy Who Loved Me.”
During the event, the vehicle’s stainless steel body was displayed with the vehicle’s designer attempting to show off the durability of the vehicle. Franz Von Holzhausen tested the window with a metal ball, but the window instead shattered.
Instead of hurting the vehicle’s image or demand, the event went viral and may have helped create more buzz.
Tesla CEO Elon Musk announced later that the company saw over 250,000 reservations made for the vehicle in one week, with customers putting down $100 to secure their reservation.
Related Link: Elon Musk Owns An Iconic $1M James Bond Movie Car: The Crazy Story Of Couple Who Bought It For $100
Cybertruck Launch Event: At 3 p.m. ET on Thursday, Nov. 30, Tesla will host its Cybertruck delivery event at the company’s Gigafactory Texas.
Shareholders were invited to join a lottery to attend the event. The company said the event saw incredibly high demand from shareholders to attend.
Investors, analysts and potential customers will be hoping to get more guidance on the price of the Cybertruck, which will come with several models and price ranges.
High Praise From Many: Among the Tesla investors that are looking forward to the Cybertruck launch is Ark Funds CEO Cathie Wood.
“We think Cybertruck is going to expand the truck market, just like the Model 3 has expanded its category,” Wood told Benzinga in an episode of “The Raz Report.”
Wood said the Cybertruck could also help Tesla reach new consumers who might have regional preferences. The investor said consumers in the Midwest might be more likely to buy vehicles like the F-150 Lightning electric pickup truck from Ford Motor Company (NYSE:F).
Podcast host Joe Rogan has also been…
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