rtmark
LearnBonds.com

Mixed Start for Tesla Cybertruck as Elon Musk Announces Almost 150,000 Orders Placed Already

It was good news for Tesla lovers as the brand chief executive officer Elon Musk made an announcement on Saturday regarding the Cybertruck they just launched. Musk announced that an estimated 150,000 orders so far have been placed for the electric vehicle that was just released on Thursday. Musk stated that 146,000 Cybertruck orders have been placed so far with 41% selecting tri, 42% going for dual and 17% went for the single motor option.

No Adverts, No Promotions

A more impressive side to the announcement was when Musk announced that there were no adverts or paid endorsements to promote the vehicles at all. That was really impressive and shows the resilience of the Tesla brand. But there was also a setback during the unveiling of the Cybertruck pickup and it triggered some worry among investors. The much-touted armored glass windows broke during the launch.

Shattered Windows

During the unveiling ceremony, Musk had bragged about the advantages of the Cybertruck. While taking a dig at the conventional trucks, he promoted the power, design, and resilience of the Tesla Cybertruck. However, he was left aghast when the windows of the Tesla new product got smashed during the same test that was to prove its strength. It was a very dramatic moment as the metal ball meant to prove the window was bullet-proof went right through and smashed it before a shocked audience. The test was repeated again but they got the same devastating result.

The error was the headline that almost took over the main launch event itself. The event was being streamed live from Los Angeles. Shortly after the disastrous glass smashing, #cybertruck took over social media platforms like Twitter.

Musk had praised the vehicle to be a futuristic-like cyberpunk. He even said it was inspired by movies like Blade Runner. He had riled up the crowd properly before the time to test the shatter-proof glass put a question to all the claims made by the Tesla boss. Musk would later clarify on Twitter that they tested the same glass before the launch and it performed perfectly. It is still unclear what made the glass shatter during the launch.

Panic on Wall Street

As expected, Wall Street responded with panic. On Friday, the share price of the Tesla brand slumped by 6%. That meant a personal loss of almost $770 million for Musk alone according to reports by Forbes. Determined not to let the flawed launch take over the headlines, Musk would later release a video of a successful test of the same armored windows on his Twitter page. When the glass smashed during the launch, Musk was visibly shocked as he was totally not expecting it to break.

He also agreed in his subsequent tweets that they might need to do further improvements before production. To place an order for the Cybertruck will cost a refundable sum of $100. According to the venture, the production of the Cybertruck is going to commence in 2021 with the price starting at $39,900.

Trusted & Regulated Stock & CFD Brokers

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Ali Raza

A journalist, with experience in web journalism and marketing. Ali holds a master degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.