Tesla produced the cybertruck with the steel used in rockets. In a demo on Thursday, Tesla Inc (NASDAQ:TSLA)’s cybertruck failed to impress because it’s armored glass broken when Franz Von Holzhausen, a lead designer, hit with metal ball. Chief Executive Officer of Tesla muttered when the glass of the cybertruck broken to his utter dismay at the presentation. However, he completed the demo of the vehicle.
Elon explains what went wrong
Elon explained the chief cause of the broken window glass. He hit the glass of the vehicle with a sledgehammer before Franz tried with a metal ball. The base of the glass might have cracked because of the impact of a sledgehammer. As a result, the glass is easily shattered when the designer hit with the metal ball.
Tesla announces pre-orders of 200,000
The shares surged by 4% on Monday’s trade after Elon announced bagging the orders of 200,000 for the cybertruck pickup. Enthusiasts can book the truck by depositing $100. The company has not given any ads for the cybertruck. It is offered in three versions and priced under $40k. Servicing and reliability are vital for the success of any vehicle, and Tesla lacks these qualities. The company has not revealed the production plan. Tesla may begin the production of cybertruck in late 2021 but not disclosed the site of production. Doubts remain whether Tesla is on track for the 2021 deadline.
What analysts talk about cybertruck?
Deutsche Bank said shattering of the unbreakable glass during the demo event is not a good start. According to the analysts on Wall Street, the truck boasts a weird look. Credit Suisse said the firms such as General Motors and Ford will feel a sigh of relief. Some analysts point out that an extraordinary look of the vehicle is the key to receive more orders. The futuristic and unique designs expect to resonate with the customers going forward and receive more demand.
General Motors expects to launch its pickup truck in the fall of 2021. Rivian and Ford are also at the forefront to unveil electric trucks. These vehicle makers expect to enjoy tax credits in the US.