Elon Musk Reacts As Tesla’s ‘iPhone Moment’ Plays Out With Fans Queuing Up To Catch Glimpse Of Cybertruck In Showrooms Ahead Of Launch – Tesla (NASDAQ:TSLA)

Tesla Cybertruck Generates Buzz Ahead of Launch

Tesla, Inc.’s highly anticipated Cybertruck launch is just four days away, and the electric pickup truck is already creating quite a stir. Considered Tesla’s “iPhone moment,” the Cybertruck has generated significant buzz and will finally be unveiled to customers at a launch event scheduled for November 30.

Photos of the Cybertruck in various Tesla showrooms across the country have been circulating online, highlighting the high level of interest in the vehicle. One user on the X platform shared a photo of a long queue of people waiting to see the Cybertruck at a showroom in Tampa, Florida. Tesla CEO Elon Musk responded to the post with a simple “Cool.”

Another user shared pictures of enthusiasts lining up outside a showroom in Langley, British Columbia, Canada. Musk confirmed on X that Cybertrucks are on their way to Tesla stores in North America, and Tesla influencer Sawyer Merritt stated that Cybertrucks are on display in 5.5% of all U.S. Tesla showrooms.

The Cybertruck has polarized analysts, particularly due to its radical design. Future Fund’s Gary Black believes the vehicle will have a “halo effect” on Tesla’s other product lineups, similar to the impact of the Model Y when it was launched in 2020. Black predicts that the Cybertruck will contribute to a significant increase in Tesla’s volume growth.

However, Deepwater Asset Management’s Gene Munster sees capacity as a concern and expects the vehicle to only marginally contribute to growth. Jefferies analyst Philippe Houchois is also less optimistic about Tesla’s latest offering, calling the Cybertruck an “off mission” product and suggesting that the company should suspend its launch amidst a growth slowdown.

Despite the mixed opinions, there are currently over 2 million reservations for the Cybertruck, according to a crowd-sourced reservation tracker. The actual number of firm orders remains to be seen, as the pricing and trims have not been confirmed by Tesla.

Tesla stock closed Friday’s session up 0.53% at $235.45. The Cybertruck launch is expected to have a significant impact on Tesla’s future growth and market performance.

In conclusion, the Cybertruck launch is generating a lot of excitement and anticipation among Tesla fans and industry observers. With its unique design and high level of interest, the Cybertruck has the potential to make a significant impact on Tesla’s product lineup and market presence. The launch event on November 30 will reveal more about the vehicle’s pricing, trims, and the number of firm orders it has garnered.