I moved from Medium to my own website iangreer.io
You Should Pre-Order a Tesla Cybertruck
It costs $100 to preorder a Cybertruck and it is fully refundable at any time. You have nothing to lose by preordering.
Tesla is planning to complete Full Self-Driving (FSD) in late 2021 and then launch an autonomous Uber-like ride hailing service. If all goes well, Tesla should have this service running by 2022–2023.
The price of FSD increases as the technology gets better. When you preorder the Cybertruck, the price of FSD is locked in at the current price — $10,000 at the time of writing.
Preordering a Cybertruck is an investment with no risk and high potential returns:
Scenario 1: The price of FSD could rise to $39,000 once the technology is complete. This means that if FSD is complete in late 2022, you could potentially sell the Cybertruck at market value and get $29,000 profit.
- (Sell Price) — (Purchase Price) = Net Profit
- (Cyber truck + Potential FSD) — (Cyber truck + Current FSD) = Net Profit
- ($39,900 + $39,000) — ($39,900 + $10,000) = $29,000
Scenario 2: If Tesla has an autonomous Uber-like ride hailing service in late 2022, the expected annual revenue per vehicle is $15,000 to $25,000. If you keep the Cybertruck and let Tesla use it as an autonomous ride-hailing vehicle, it could pay for itself in several years.
- Estimate 1: $15,000 annual revenue x 3 years = $45,000
- Estimate 2: $25,000 annual revenue x 2 years = $50,000
- The lowest price Cybertruck is $39,900. Even the conservative estimate would pay off the Cybertruck within 3 years. After the Cybertruck is paid off, it can continue to make money for years.
The Cybertruck would drive itself — you wouldn't have to do any work. Owning a Tesla (or a fleet of Teslas) could be a better investment than real estate in the coming years.
These scenarios assume that the Cybertruck, FSD, and an Uber-like service will be complete in late 2022. If Tesla does not complete these projects by late 2022 or 2023, you can cancel the preorder and get your $100 back. There is a lot to gain from preordering a Cybertruck and virtually nothing to lose.
You can multiply potential gains by preordering more than one cybertruck.
