Elon Musk cybertruck
Elon Musk’s Cybertruck unveil didn’t go quite as planned, but it all worked out for the best. | Image: AP Photo/Ringo H.W. Chiu, File
  • Tesla’s Cybertruck has been the subject of countless memes as of late.
  • CEO Elon Musk suggested on Twitter that there are 250,000 orders for the electric pick up.
  • The sheer number of Cybertruck volume may be saving Tesla from a selloff.

There’s no such thing as bad publicity. It appears that Tesla (NASDAQ:TSLA) CEO Elon Musk knows this all too well.

On Nov. 21, the business magnate unveiled Tesla’s first electric pickup called the Cybertruck. If you’ve been living under a rock over the last few days, let’s just say that the presentation did not go so well. The shatterproof windows were shattered.

In absolute shock, Musk exclaimed,

Oh my fu—– god! Well… maybe that was a little too hard. 

On top of that, the vehicle’s eccentric design became the subject of thousands of jokes and memes. Even a week later, memes about the Cybertruck are still dominating various social media platforms. People and even companies can laugh all they want. Tesla has managed to turn an epic fail of an unveil event into a massive win.

Lego Taking a Cheap Shot at Tesla’s Cybertruck

The botched debut of the Cybertruck sparked countless memes on social media. Many of the memes poked fun at the vehicle’s unusual trapezoid shape. For instance, one meme is circulating just in time for Thanksgiving.

Elon Musk Thanksgiving turkey
We all know how Elon Musk’s Thanksgiving turkey would look like. | Source: Twitter

One of the most popular memes involves a poorly rendered version of Lara Croft. Everything looks edgy just like the Cybertruck.

The resemblance is uncanny
The resemblance is uncanny. | Source: Twitter

There’s even a meme about the Cybertruck being one of Elon Musk’s earliest drawings.

Age 4 Elon Musk drawing
Even at age four, Musk was already showing a lot of potential. | Source: Twitter

Arguably, the best Cybertruck meme came from Danish company Lego. The toy maker broke Twitterverse with its own truck that comes with a shatterproof guarantee.

Cybertruck Lego
Perhaps the most durable truck out there | Source: Twitter

With thousands of memes circulating in various social media platforms, it is easy to think that Tesla is becoming a big joke. Haters can laugh all they want but Elon is making bank.

Twitter Memes Is a Stroke of Marketing Genius From Elon Musk

Elon Musk is one of the most revered figures on Twitter, so it’s not surprising that he’s constantly updating the number of Cybertruck pre-orders on the microblogging platform.

On Wednesday, the tech magnate suggested that there are 250,000 orders for Tesla’s electric pickup. That’s an additional $25 million dollars on the company’s balance sheet.

250K Cybertruck orders
The numbers show that the Cybertruck is getting a lot of love. | Source: Twitter

What’s even more remarkable about Musk’s regular updates is its potential to drive investor sentiment. The number of pre-orders may push investors to hit the buy button. At the very least, traders who are bearish on Tesla would think twice in shorting the stock.

The hype works well for an equity that’s trading close to the last line of resistance for the bears. With technical indicators flashing oversold readings, Tesla should be a textbook short.

Tesla’s weekly chart reveals that bears should have the upper hand
Tesla’s weekly chart reveals that bears should have the upper hand. | Source: TradingView

A look at the weekly chart tells me that Tesla should be ripe for a retracement. But the enormous volume of Cybertruck pre-orders sows seed of doubt to would-be shorters. With the company getting a lot of organic attention, there’s an argument to be made that this time may be different for the stock. This time, bulls may muster the strength to finally breach resistance of between $360 and $390.

That’s the genius of Elon Musk. The best thing about it is that he’s not paying a dime to warrant such attention. People can joke as much as they want but at the end of the day, Musk gets the last laugh.

Disclaimer: The above should not be considered trading advice from CCN.

This article was edited by Sam Bourgi.

You May Also Like

Elon Musk’s Inspiration for the Lame Cybertruck Was a James Bond Movie

The Tesla Cybertruck may have been inspired by some cool vehicles, but that doesn’t mean truck-owners will get on board with the design.

New Trump Tariffs Could Send Beer Prices Soaring

Another round of surprise Trump tariffs are the president’s remedy for weaker foreign currencies, but it could be bitter news for beer prices.

5 Reasons McDonald’s Chicken Sandwich Won’t Be a Chick-fil-A Killer

McDonald’s joins the chicken sandwich wars with the Crispy Chicken Sandwich, but it will be no match for Chick-fil-A’s product or brand.

Billionaire Ray Dalio: US Empire Fading as Shanghai Becomes World Financial Hub

Ray Dalio believes that the U.S. empire is losing steam. China is on the rise, and if the trade war goes awry, it will lead to chaos.

Hey Larry Page & Sergey Brin, You Forgot to Sign the Giving Pledge on Your Way Out

Larry Page and Sergey Brin’s fans will be disappointed as they leave Google. So will Bill Gates and Warren Buffett, but for different reasons.

YouTube Rewind 2019 Is the Blandest Thing on the Face of the Planet

YouTube Rewind 2019 is here, and it is the blandest video that has ever existed.