Some Tesla Cybertruck reservation holders who attended the launch party event felt disappointed, as the event only lasted around 30 minutes and did not provide all the details they expected. When the specs were later revealed on Tesla's website, prices were higher than the initial $40,000 promised, and the top range was 340 miles instead of the originally touted 500 miles. While some reservation holders said the event may make them reconsider their order, others indicated they would still likely purchase the Cybertruck once their model is available. Automotive analysts feel Tesla will still likely be able to convert a significant portion of the 2 million existing reservations into real orders.
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00:00 It's Benzinga and here's what's on the block.
00:02 Some Tesla Cybertruck reservation holders who attended the launch party event felt a
00:06 little disappointed as the event only lasted around 30 minutes and did not provide all
00:11 the details that they expected.
00:13 When the specs were later revealed on Tesla's website, prices were even higher than the
00:17 initial $40,000 promise and the top range was 340 miles instead of the originally talked
00:23 about 500 miles.
00:25 While some reservation holders said that the event may take them a little bit more into
00:28 consideration in their orders, others did indicate that they would still likely purchase
00:32 a Cybertruck once their model is available.
00:35 Automotive analysts feel that Tesla will still likely be able to convert a significant portion
00:39 of the 2 million existing reservations into real orders.
00:43 For all things money, visit Benzinga.com
00:45 (thud)