Tesla is officially starting Cybertruck deliveries in Canada as its backlog in the US appears to have been exhausted.
Tesla started Cybertruck deliveries in the US almost exactly a year ago and appears to have delivered about 40,000 vehicles.
Recently, the automaker claimed that Cybertruck achieved a positive gross margin and started selling the non-Foundation series version of the electric pickup truck for $80,000.
At one point, a tally showed that Tesla might have had as many as 2 million reservations worldwide.
Yet, within a year and about 40,000 vehicles, Tesla appears to have exhausted entirely its backlog in the US. Anyone can now order a Cybertruck without reservation and get delivery within a week or two.
Today, Tesla is starting to deliver Cybertrucks in Canada.
Unlike in the US, people in Canada are still limited to the Foundation Series Cybertruck, which starts at $138,000 CAD:
Canada is already a limited auto market, but the Cybertruck at those prices isn’t likely going to reach significant volumes.
I’d expect Tesla to switch to non-Foundation series in Canada as soon as this month.
Starting at closer to $100,000 CAD, Tesla should see a little more demand in the market, but it will still be very limited.
As for the US, it seems like Tesla is hitting the sealing with non-Foundation series since people are getting new orders delivered in days.
Tesla would need the new cheaper-based model to reach higher volumes even though the reservation tallies showed that it was the least popular model – although that was before the price hike.
I think it is fair to start to have doubts about the Cybertruck becoming a 250,000-vehicle per year program, as Tesla previously stated.
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