I was in a Cybertruck mood this morning. Videos galore of Cybertrucks in the wild. There's even a 4k video of a Cybertruck towing a SpaceX Raptor engine. So I looked into global vehicle ownership. It's low, but US vehicle ownership is higher. Plus, pick-up truck ownership is even higher than I expected. However, the Tesla Cybertruck will change that.
“Most U.S. households (91.7%) had at least one vehicle in 2021 (the latest data available), and 22.1% of households had three or more vehicles.”
https://www.forbes.com
“Pickup trucks account for 16.6 percent of all vehicles on the road, though they are far more popular in some states than others.”
https://www.wane.com/top-stories/which-states-have-the-most-pickup-trucks/
There are approximately 333 million humans in the United States of America. About 16.6% of people in the States own a pick-up truck, which is the closest thing to a Cybertruck. 37.6% of people in Wyoming drive a pick-up truck. That's the highest percentage of pick-up truck drivers in the US. The lowest is my State, the Garden State, New Jersey, which only has 8% pick-up truck drivers. I think the Cybertruck will change that Jersey statistic. How come I believe more NJ drivers will consider a Tesla Cybertruck? I think it's quite possible because of how many millionaires live in Jersey. 323,443 millionaires live in New Jersey, the 7th most populated millionaire state in the US. They will have the funds to buy Cybertrucks by the fleet.
https://en.m.wikipedia.org/wiki/List_of_U.S._states_by_the_number_of_millionaire_households
The total amount of motor vehicles in the United States will be around 378,954,000 by 2024. Although I strongly believe that the Tesla Cybertruck will convert at least a small percentage of people into pick-up truck drivers. Nevertheless, we will use the 16.6% overall US pick-up truck ownership to get a potential total of 62,906,364 Tesla Cybertrucks. It could take Tesla over fifteen years to deliver us that many Cybertrucks. Therefore, I believe the Cybertruck demand in the US will be nuts!
At the same time, Tesla is working on full self driving technology. They are creating underground vehicles for people. Also, there are people that will not be able to get their hands on a Cybertruck, for one reason or another; thus, their own personal demand will probably fade. Or will it…
The Cybertruck is a source of energy. With the right additions, it can be converted into a living space. It's more than tough enough for work sites. It's quick enough for any highway. It will be featured in movies, shows, music videos, and it is already going viral online constantly. The Tesla Community records and uploads Cybertruck “in the wild” videos with every glimpse they get.
Even if Tesla only has demand for a third of the Cybertrucks I calculated (62,906,364), 20,968,787 Cybertrucks is still a lot for what I'm estimating could take fifteen years for them to deliver. Do you believe it could take Tesla less time than that? Tesla is working on optimizing factory speeds. Every shutdown for new speed means less time to produce cars. Maybe in fifteen years, Tesla would have doubled their production speed. Would it be possible for Tesla to even produce 2,795,838 Cybertrucks per year by about 2032?
Tesla doesn't just make Cybertrucks. They have vehicle types like a van and a bus that they are adding to their portfolio. Model Y is the most popular car ever. A new, smaller model Tesla is also on the horizon. All I can say is this, every time you read about Elon Musk visiting another national leader in his or her own country, cross your fingers that they make the deal. There is going to be increasingly more demand for all types of electric vehicles. Tesla has to scale for success. We're gonna need more factories.
🤖🧡
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