(Photo: Tesla)
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.
In fact, Tesla’s configurator shows that people placing an order right now can take delivery this month, despite the fact that the automaker started to take orders from reservation holders in Canada in August.
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.
