Analysts at Morgan Stanley have lowered expectations for how many Tesla Cybertrucks will actually be produced and sold, although the 1.5 million pre-orders are quite promising.
The truck concept was officially unveiled in 2019. Production should begin this year, nearly four years after its initial reveal. This long delay should not come as a surprise.
Although those 1.5 million preorders have increased its credibility, analysts expect any economic gains to be small since it's more of a 'side-show' than a volume seller.
Despite all the delay and speculation, the design remains largely unchanged from the concept and is still wildly popular with most hardcore Tesla fans.
Recent news suggests that production should begin at Tesla's Texas Gigafactory sometime in Q3 or Q4 of 2023 as the company puts finishing touches on its creation process.
With a mix of bold opinion and sincere curiosity, we won't know the true value of the Cybertruck until it's unveiled. Hype and Tesla go hand in hand, so expectations remain high.