Wall Street

Why Elon Musk’s Claim of 200,000 Cybertruck Preorders Probably Won’t Become 200,000 Sales

Tesla shares rose Monday in early trading after CEO Elon Musk claimed over the weekend that the company has seen 200,000 preorders for the Cybertruck following a disastrous public demonstration in which the vehicle’s windows shattered before a live audience. But unlike previous Tesla preorders, the Cybertruck preorder only requires a refundable $100 deposit, leading to questions about how valid the preorder numbers actually are.

Elon Musk grins