Elon Musk tweets about Cybertruck 'orders' helped shares recover from 6% slide. But those were actually low-commitment, $100 refundable pre-orders.
Tesla CEO Elon Musk tweeted about Cybertruck "orders" pouring in all weekend until they hit 200,000 on Sunday.Tesla has declined to disclose pre-order numbers for its forthcoming crossover SUV, the Model Y.
Musk's tweets to his more than 29 million followers could convince the casual observer that there's already a massive order book for the Cybertruck, which won't enter production until late 2021 at the earliest. Long-time fans and critics know better. In the fine print on Tesla's "Design Your Cybertruck" webpage, below a "Place Order" button, Tesla notes, "By clicking 'Place Order' I agree to the Cybertruck." The company explains that the Cybertruck pre-order payment just covers processing costs and is not considered a deposit for the vehicle. It also says:
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