Tesla Cybertruck reservation backlog reaches $80 billion in value based on latest tally

by Fred Lambert

Based on the latest tally, Tesla has a backlog of over 1.2 million Cybertruck reservations worth over $80 billion.

But there’s still no production in sight. Tesla unveiled the Cybertruck almost two years ago to the day.

The electric pickup truck was supposed to be in production already, but the automaker delayed the program as it focused on growing Model Y production.

Tesla’s best estimate now puts the start of Cybertruck production in late 2022.

In the meantime, Tesla is still taking reservations for the electric pickup truck.

Generally, Tesla receives a lot of reservations early after an unveiling, and then it tapers off — but that wasn’t the case with the Cybertruck.