Tesla Cybertruck: expected to become Tesla's next best-selling model

According to news on May 30, as the official mass production date of Tesla Cybertruck approaches, news about the car is increasing day by day. The latest reports show that investment institutions are optimistic about the prospects of Cybertruck and expect it to become Tesla’s best-selling model, similar to Tesla’s other model Model Y.

According to the editor’s understanding, the investment institution ARK Invest said in a blog post that it is optimistic about the Cybertruck's high demand trends and believes that other analysts' demand forecasts for the pure electric pickup truck may be low. ARK Invest analyst Sam Korus pointed out in a blog that in addition to the 1.5 million Cybertruck pre-orders that already exist, early Google search data shows that Cybertruck may be like Tesla's Model Y has also become a mainstream model. What is particularly noteworthy is that on April 2, 2023, when Tesla CEO Elon Musk inspected the Cybertruck production line on Twitter, the number of searches for Cybertruck on Google exceeded that of Model Y, and the search volume of Cybertruck mainly comes from areas that like pickup trucks, which may mean that people in these places have the intention to buy Cybertruck.

In addition, recent data shows that another Tesla model, the Model Y, ranked first in global passenger car sales in the first quarter of this year, becoming the best-selling car. one. Musk has always considered Model Y is regarded as one of Tesla's most important models and has set a high sales target. However, Musk has a different view on the Cybertruck's prospects. Although he is proud of the electric pickup truck's unique design, he also realizes that not all consumers who want to buy a pickup truck will accept electric vehicles.

At the previous shareholder meeting, Musk estimated the initial sales of Cybertruck, estimating that 250,000 to 500,000 all-electric pickup trucks may be sold annually. "I don't know. We're going to make it in quantities that people want and can afford," he added. Tesla has received about 1 million Cybertruck pre-orders, according to recent estimates, and one in April. A survey shows that most Cybertruck reservation holders are firmly planning to buy the vehicle.

Investment institutions and industries are very concerned about the potential hot sales prospects of Tesla Cybertruck. Although Cybertruck's unique design and electric drive system may limit the choices of some consumers, it is still attractive and is expected to become Tesla's next-generation best-selling model. People are looking forward to Cybertruck’s performance and market response as its official production and launch date approaches.

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