If You Invested $1,000 In Tesla Stock When EV Truck Was Unveiled, Here’s How Much You’d Have Today

Cybertruck Turns 1: If You Invested $1,000 In Tesla Stock When EV Truck Was Unveiled, Here’s How Much You’d Have Today

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One of the most anticipated vehicle launches of all time happened on Nov. 30, 2023 with Tesla Inc (NASDAQ:TSLA) delivering its first Cybertruck vehicles to a long waiting list of reservation holders of the highly anticipated electric pickup truck.

Here’s a look back at the company’s unveiling of the truck and how much investors could have made timing their stock purchase.

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What Happened: Tesla recently shared a look back at what the company accomplished in its first year with the Cybertruck on the market.

“1 year since we launched the truck that ‘they’d never actually make,'” Tesla tweeted.

Tesla shared that since the launch, the Cybertruck has had multiple highlights, including achieving a positive gross margin in less than a year and starting deliveries in Canada.

Other highlights shared in the X thread are the Cybertruck driving and parking itself, having Powershare, testing the bulletproof abilities, beating a Porsche 911 while towing a 911 and winning over diesel truck owners.

The Nov. 30, 2023 delivery event was a long time coming for Tesla and fans of the company.

Tesla CEO Elon Musk unveiled the Cybertruck at a public event on Nov. 22, 2019.

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Originally set for a 2021 launch, the vehicle suffered several delays and setbacks before its eventual 2023 launch. The film “Blade Runner” and the James Bond vehicle from “The Spy Who Loved Me” inspired the design.

The vehicle’s unique design and fans of Tesla and Musk have led to strong demand. A week after the unveiling, Tesla reported 250,000 reservations, via a $100 deposit. In recent comments, Tesla has said there are over one million reservations for the vehicle. Third-party estimates put the estimate closer to two million units reserved.

With the Cybertruck, Tesla added another vehicle class to compete with Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) and Rivian Automotive (NASDAQ:RIVN).