Tesla received 146,000 preorders for its upcoming Cybertruck in the first two days after its unveiling, CEO Elon Musk said. A $100 refundable payment comes with each preorder, the Verge reports, which means the company has already collected $14.6 million for the electric pickup. Production won't begin until 2021. Musk tweeted Saturday that that success happened "with no advertising & no paid endorsement" — though of course there was media coverage of the event at the Los Angeles Auto Show.
Tesla shares fell 6.1% Friday, per CNBC, after the rocky unveiling. Deutsche Bank said in a note that "the shattering of the truck’s unbreakable glass windows during the live demonstration was not a good start." Some analysts said the design is a mistake, and others thought it would sell. Preordering other Tesla models required putting down $1,000 or $2,500. Customers are asked to configure the model of their choice when they preorder, as well. (More Tesla stories.)
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