The original design is what gave them millions of pre-orders, it was the reduction in range and increase in cost that made most people cancel those pre-orders.
$100 is a fair chunk of money for the average person. I agree some preorders were probably half hearted, but the $100 commitment definitely weeded out some the jokers for sure.
$100 is a fair chunk of money for anyone who would have never been a buyer anyway.
$100 is also a trivial amount of money for a larper with half the budget required to complete the purchase. Or someone with plenty of money who just put in a reservation "just in case" they wanted one.
Thats not really fair, the $40k promised price is not that much higher than your average middle class car purchase. I think anyone willing to go to the site, sign up, and hand over $100 would be willing to to take on a payment plan for a $40k car.
The average buyer in the US can't afford a new car of any kind. The average car sale is a used car. Used cars outsell new cars 3 to 1. And the average used car sells for $27k.
Entertaining the idea of a new car purchase is an upper-middle class thing, and a fully-refundable $100 is impulse buy territory for most of them. Yes, many of them would have been capable of taking on a $40K purchase, but $100 is not a serious indicator that they were serious about doing it. People who have this money are doing relatively well and blow $100 on much more inane things that aren't refundable.
A traditional dealer would ask someone with much less money looking at a used Nissan Sentra to put down $500 to hold a car.
I wonder how many people liked the design vs tolerated it? If Ford offered a cybertruck trim on the F-150 without changing the price would people buy it?
No doubt there is some demand for an "out there" design, but I'd have to guess that the projected $40K price was itself a large part of the attraction.
Possibly, but as it cost $100 to put down a deposit I would be surprised if that many people were willing to actually pay for something they only tolerated.
It was a refundable deposit (and small), so I wonder how many people were even that serious - no real commitment.
2019 USA annual car/pickup sales were ~17M. I find it very hard to believe that 10% (2M cybertruck pre-orders) of those purchasers were seriously interested in a cybertruck - it really is not a design made for mainstream tastes.
If you owned a company and announced a product that 2 million people went and paid you $100 each for to preorder it, Im pretty sure you would think differently.
Not sure what you mean by that - I'm sure Tesla was happy to have the reservations (great publicity - maybe that was the point), but there is no indication they took the numbers seriously.
The design looks much better rendered on screen than in real life.
I thought the early images looked amazing but I see them all the time in real life (a few people in my neighborhood own them) and they just look so stupid on the road.
Agreed, but this thread is duscussing the original popularity and whether Elon was wrong to believe it or not.
With false but great looking renders and false but great sounding promises, the hype and interest was real. It was only when the real product became apparent that it became a joke and interest was lost.
You would think maybe Musk would learn something about overpromising from this fiasco, but judging by things like DOGE I guess not!
>You would think maybe Musk would learn something about overpromising from this fiasco, but judging by things like DOGE I guess not!
You're talking about the guy who has a fake twitter account tweet at him things like "you're such a good father, Elon, your kids are lucky to have you".
He's absolutely desperate for attention and approval, because not being perceived as cool is crippling to his sense of self-worth.
Of course he won't learn from overpromising! He inhabits a different reality, surrounded by sycophants and yes-men.
[–] alt227 1 day ago
[–] kube-system 1 day ago
[–] alt227 1 day ago
[–] kube-system 1 day ago
$100 is also a trivial amount of money for a larper with half the budget required to complete the purchase. Or someone with plenty of money who just put in a reservation "just in case" they wanted one.
[–] alt227 1 day ago
[–] kube-system 1 day ago
Entertaining the idea of a new car purchase is an upper-middle class thing, and a fully-refundable $100 is impulse buy territory for most of them. Yes, many of them would have been capable of taking on a $40K purchase, but $100 is not a serious indicator that they were serious about doing it. People who have this money are doing relatively well and blow $100 on much more inane things that aren't refundable.
A traditional dealer would ask someone with much less money looking at a used Nissan Sentra to put down $500 to hold a car.
[–] alt227 1 day ago
OK, but I think it is. So can we agree to disagree, is that ok with you that I have a differing opinion?
[–] HarHarVeryFunny 1 day ago
No doubt there is some demand for an "out there" design, but I'd have to guess that the projected $40K price was itself a large part of the attraction.
[–] alt227 1 day ago
[–] HarHarVeryFunny 1 day ago
2019 USA annual car/pickup sales were ~17M. I find it very hard to believe that 10% (2M cybertruck pre-orders) of those purchasers were seriously interested in a cybertruck - it really is not a design made for mainstream tastes.
[–] alt227 1 day ago
[–] HarHarVeryFunny 1 day ago
[–] stackghost 1 day ago
I thought the early images looked amazing but I see them all the time in real life (a few people in my neighborhood own them) and they just look so stupid on the road.
[–] alt227 1 day ago
With false but great looking renders and false but great sounding promises, the hype and interest was real. It was only when the real product became apparent that it became a joke and interest was lost.
You would think maybe Musk would learn something about overpromising from this fiasco, but judging by things like DOGE I guess not!
[–] stackghost 1 day ago
You're talking about the guy who has a fake twitter account tweet at him things like "you're such a good father, Elon, your kids are lucky to have you".
He's absolutely desperate for attention and approval, because not being perceived as cool is crippling to his sense of self-worth.
Of course he won't learn from overpromising! He inhabits a different reality, surrounded by sycophants and yes-men.