Tesla shares rise as Elon Musk claims Cybertruck orders hit 200,000
U.S., Nov. 26 -- Tesla shares rose 4% on Monday after CEO Elon Musk tweeted over the weekend that the company had already received 200,000 orders for the its futuristic Cybertruck pickup.
The truck failed to impress Wall Street last week at a calamitous unveiling where its armoured glass was shattered by Musk during a launch demonstration, reports Reuters.
The Cybertruck is made of stainless steel used in rockets and will retail at $39,900. In the aftermath of its launch analysts remained unimpressed, doubting the design's mass appeal.
Tesla opened preorders immediately, however, and allowed potential buyers to book the truck by depositing a fully refundable $100, compared to the $1,000 Tesla charged for booking Model 3 sedans in 2016,...
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