BUFFALO, NY — Elon Musk is a disruptor, this is not disruption. This is a joke on purpose. Is it Cybertruck or Cyber Truck? Does it matter? Musk needed to do something to get the press talking about him and everyone fell for it. He’s a snake oil salesman and this is a gigaflop! The results of blending a Pontiac Atzek, El Camino and a Delorean. This is hideous. The final version will never look like this, listen to why there are some serious issues.
In addition, I have a lot of questions:
Where will it be built? When will it be built? What is the manufacturing cost? My guess, by the way he’s talking, is about $200,000 a piece. If so, is he going to take $150,000 loss on each vehicle? That’s not good business￼￼.
The truck market is about 3 million units, I highly doubt people in Texas are going to consider this a truck.
Deposits are a liability on the balance sheet, as they are a form of prepayment. There is no capital raise, I am predicting it’s coming in mid-February when Tesla says that it has 1 million deposits for the Cybertruck and that it’s asking Wall Street for $2 billion (or more) to build a pickup truck factory. That’s the capital raise. It’s exactly what happened less than two months after the launch of the Model 3 in the first half of 2016.