(Reuters) – Tesla Inc shares rose 4% on Monday after Chief Executive Officer Elon Musk tweeted over the weekend that the company had already received 200,000 orders for its futuristic Cybertruck pickup.
The new truck, made of stainless steel used in rockets and priced at $39,000 and above, failed to impress Wall Street last week after its “armored glass” windows shattered in a launch demonstration and analysts argued the design would not have mass appeal.
Tesla opened preorders immediately, however, and allowed potential buyers to book the truck by depositing just $100, compared to the $1,000 Tesla charged for booking Model 3 sedans in 2016, drawing the flood of reservations and sending the company’s shares back up on Monday.
The Silicon Valley carmaker received here 325,000 orders for the Model 3 in the first week of bookings three years ago, and the initial number for the trucks suggested preorders could rival that.
Shares of the company were up at $345.50 in premarket…
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