3 Reasons Why I Cancelled My Cybertruck Order

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In this video, I share the 3 reasons behind my decision to cancel my Cybertruck order and why I'm not purchasing it right now. Join me on a journey as I drive to the nearby Tesla facility where my Cybertruck was awaiting delivery.
With much anticipation, I initially placed my order for the Cybertruck, drawn in by its futuristic design and promises of cutting-edge technology. However, as we got the new pricing and more information surfaced, my excitement turned into apprehension.
Join me as I explore the realities behind the hype and share insights that may resonate with others who are also contemplating their own Cybertruck orders. Whether you're a Tesla enthusiast or simply curious about the decision-making process when it comes to purchasing electric vehicles, this video offers valuable perspectives and firsthand experiences.
#cybertruck #teslacybertruck #tesla #cybertruckreview #teslaraj #issues #problems #cybertrucktesla
Timestamps:
00:00 Introduction
00:29 Reason 1
02:30 Reason 2
04:13 I say goodbye to my Cybertruck
06:48 Reason 3
08:02 Outro
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[@teslatalk42069]

I'm getting mine and it's totally the wrong financial decision.

[@TeslaRaj]

😂🤣😂 hey at least you accept and acknowledge it! Hahaha thanks for the laugh!

[@billybobbob3003]

@@TeslaRaj cause you gonna buy a ramcharger instead a real truck!

[@EarnestJim]

We cancelled for same reasons and then bought a Y. Financial and useability rationale.

[@johntrotter8678]

I cancelled a year ago and have had no regrets. I don't NEED a truck, and my WANT budget is well below $100K.

[@marsEv310]

You made the right decision and I would have done the same. Not worth spending 20k to get it now.

[@TeslaRaj]

Thanks!

[@johnpoldo8817]

Raj, this one of your best vids. CT pricing right now is a rip-off for buyers who must have it now. Foundation Series features are a total waste of money for most people. You know the price will come down when the backlog diminishes. Furthermore, you (and I) don’t need a CT. Raj, very smart decision !

[@Speedlimitreviews]

The right decision is what works for YOUR family/household needs. Nothing else matters. I support you, it’s smart to take a step back, look at the landscape and make smart decisions. You can always get one in the future. I think it is very wise to look at the market and see what is potentially/actually coming far pricing. But either! Good video. Don’t worry about the decision. Stand by it, and move forward.

[@TeslaRaj]

Appreciate the support!

[@nicholasmuni7995]

How many vehicles do you need you have a 3 and y, let me ask you a question what would it cost you to insure the truck I'm sure you checked this out?

[@JayMeh1988]

Same. Didn't cancel my order tho. Just waiting for the foundation series to end, then $27,500 cheaper.

[@bluedrew]

Nice.....but might be a long wait. I bit on Foundation April delivery.

[@jonbecherer5103]

i decided to get a used Y recently for basically everything you said here. 2021 used Y 40k miles, fsd included, $34,100. My CT reservation wont be for a while anyway. perhaps by the time i could take delivery for the CT, it will be better conditions based on how deep in the reservation list i am.

[@RossParos]

Price will go down and quality/features will go up. You’re passing the marshmallow test. 😂

[@TeslaRaj]

lol so hard to say no!

[@michaelkonen]

I think it’ll take a while for prices to come down, outside of the Foundation series. Still believe Raj made the right move though.

[@RossParos]

@@michaelkonen sooner than you think. This was from the Tesla website: “Cybertruck is likely to qualify for the federal tax credit later in 2024”

[@michaelkonen]

@@RossParos OK sure. I was thinking more along the lines of manufacturer price reduction like we've seen with M3 and MY lately. But $7.5K is a good chunk of change! For most of us.

[@nicholasmuni7995]

To qualify you realize the price would have to be reduced to $ 80,000.-$ 7,500=$ 72,500

[@EUCRolling]

No instrument cluster, 6 seater or spare tire is a deal breaker for me, its a truck it should of at least come with a hidden spare tire.

[@wolfgangpreier9160]

I did not use a spare tire in 40 years of driving. About 1 million kilometers in total all around Europe. I had a flat once in 1987. 10 min. from the next tire shop it was easier to walk there and give them the keys. I drive Teslas since 2019 and i am happy not having instruments and other distracting thingies between me and the road.

[@TroySavary]

​@@wolfgangpreier9160If you drove 40 years and never needed a spare, you aren't a truck customer anyway. Driving off road, or on construction sites, or other rough places trucks go, is guaranteed to puncture tires.

[@wolfgangpreier9160]

@@TroySavary I never ever drive off road or on construction sites. Our country in good ole Europe has made a nice invention some centuries ago. The paved road.

[@TroySavary]

@@wolfgangpreier9160 That's my point. You never leave oavement so you probably don't need a truck. So you have no idea why a spare tire is much more necessary on trucks.

[@wolfgangpreier9160]

@@TroySavary I need a truck for transporting goods. Not for going off road. We have no "off road" here in the middle of Europe. I would have to travel to Ukraine or Moldavia for the next off road adventure. I would need a off road vehicle like a Tatra or a Unimog for "off roading". Or maybe a Iveco Daily 4x4. I have been "off road" many times decads ago when it was still allowed. In Italy, Germany, Hungary, Slovakia, Tchech Republic, Poland, Greece, Austria. Also in Yugoslavia - today known under different names like Slovenia, Croatia, Serbia, Montenegro and other insignificant states. I never had to change a tire. I had a flat once, 10 minutes from the tire shop per pedes. It was easier and cheaper to walk there and give them the keys. Maybe your "off roads" are spiked with nails? IDK.

[@scoobysteve0]

Im in the same boat. I did the exact same steps. I don't have a family, but darn is it the right financial decision to delay. Thank you for the info! I want the truck, but not at this price, and was worried Id lose the 1k.

[@johnwoods6613]

i had the same thigh happen. I had fomo and went through with the extra 1000. After 3 days of thinking about the monthly payment and cancelled online and I'm a grand.

[@twowheelrides1628]

I agree with you. I am thinking about the same thing. I also have a MYP, and love it, I don't know if I need a 100k truck.

[@SammyGeek]

Assume they put you back in the que with your FS deposit still there, correct?

[@EmpireOfNerds]

You made the right call. I'm personally looking forward to the Rivian R2. I've seen the Cyber Truck in River Islands and the R1s... Rivian has done a great job of building an adventure brand by and for people who will use it as a daily and for weekend get aways. The CT seems to be more hype than truck, honestly think CT is the boaty mcboatface of Tesla's line up, Elon decided to bet on doing it for the lulz. It's fast but if that's all someone wants then there's plaid, ludicrous 3, & Roadster someday.

[@richphillips3065]

Hi Raj! Your 3 still looks great. It looks like you have tons of mods. I particularly like that white dash with the black seats! I was able to configure my Foundation Series last week and I'm excited to get it. I really need the whole home back up here on Whidbey Island where we lose power when a mouse farts. I'm justifying the price based on the portibility of the power back up. If I was your age, in your shoes, I'd have done the same thing as you. $50K is NOT $100K no matter how you slice it. A little patience will serve you well here. In 2 years it will be Cybertrucks galore and you'll settle into a much better deal. I'll stop by and let you drive it next time I'm in Palo Alto !

[@gyoung4597]

You made the right decision for you and your family. I wonder if you could have rented to someone for a year with the option to buy and scalp a small profit?? Enjoy your videos. Thxs!

[@retesluis12]

When did you did you reservation?

[@pozzerbob]

Bait and switch to get people to deposit $100 for a limited range vehicle that is more than double the original cost in a high interest market.

[@willynordboe5853]

Thanks for being transparent! I actually like this video, it gives an adult and reasonable perspective about how to spend money, thus setting a great example for the younger generation to not put themselves in a bad financial situation whenever something shiny shows up. I am a nobody when it comes to give financial advice, but a good rule of thumb is to not go over half of the household income when purchasing a car. This is to be able to build wealth, making money work for you against inflation and depreciating assets. Stay smart people, build wealth, pay of debt, invest, and you will get there one day!

[@andyzegerman]

It sure is hard but financially a wise decision. My 2022 MX Plaid tanked. I now will have to pay up if I want to get out of this car. And getting into a Cybertruck would get me right back in that same boat.

[@dalececil7527]

I’m going to get mine in about a year. This should be after the Foundation Series are done and I should be able to get a dual motor for about 80k. I think that’s a good value.

[@nicholasmuni7995]

This is when you qualify for the $ 7,500 credit, you must wait.

[@SCWgreg]

I’m in the same boat. Didn’t want to watch this, but it’s a good review. Super difficult financial discipline. So for now… I’ll wait, dream some more, and see what happens in the next 6 months. Delaying for now.

[@kmcarrol2]

In addition the disappointment over going from 6 seater to 5, it’s just not as dog-friendly as the Y I bought last March. We also sold our camper as we got impatient with all the delays. Add the price and no FSD transfer and it’s a no-go for me too. For now.

[@justino4489]

You made the right decision for your family! Great job for being honest about it! ❤

[@michaelfink64]

Sounds like this decision makes perfect sense in your situation. One aspect that at least partly justifies the price increase (other than inflation) is the extra features they included, especially rear wheel steering and steer by wire with variable steering ratio at different speeds, which makes this big truck much more nimble.

[@sarim4]

the black headliner in your model 3 looks so much better then the standard version

[@jjfonacier]

Absolutely right to be cognizant of your needs and financial means. Most of us grapple with that. My cybertruck reservation is maybe 5 years away. It will have improved a lot by then.

[@user-vn9vp1bk3v]

Saving money is a great idea. I just bought a used 2020 Chevy Bolt EV for $10,000. (Included the $4,000 federal EV rebate.) You don't have to buy an "expensive" EV!!!

[@TeslaRaj]

Wow that’s an amazing price

[@mjcmjc6428]

You made the right decision.

[@gregorysd390]

Good decision for you and your family. I don't see prices going down anytime soon with the high demand. Also $20k foundation series includes FSD and many accessories valued about $15k, so it's really not that bad.

[@jesseschmigiel1223]

For us early reservation placers, FSD was locked in at $7,500

[@gregorysd390]

@@jesseschmigiel1223 Fair point, I was one of them that order on day one for a Tri motor with FSD. Somehow had a feeling that Tesla would find a way out of it.

[@bluedrew]

Take it now....or WAIT.

[@Thunder7ga]

Absolutely the correct decision. My list is the same...and I realized that in 2020 that to pay that much for a truck, that I'd never use as a truck, was not smart for us.

[@bowmanvalentine2165]

You made the right decision Raj. My reservation number is in the millions so I'm not expecting mine anytime soon, but it has paid off as I took advantage of the 1K discount on my new MY I purchased last month.

[@TeslaRaj]

Oooo nice! Congrats on your Y

[@mrpratster]

I am in the same boat as you Raj.

[@monohydrate2]

My family has three Model Y's. I am cancelling my cybertruck preorder. I wanted a $70k cybertruck with 500 mile range and I'm tired of waiting it has been 4 years now. I will take that $100 and buy myself something useful instead of vaporware. Like you said I didn't really need a truck anyways.

[@nicholasmuni7995]

It's about time more people are coming to their senses!

[@Espiritiv]

I'm glad we have an influencer that finally has the balls to say this out loud. I could have got my Cybertruck in December. I think the inflation plus the $20,000 foundation adder just puts it out of reach for normal people that were day one reservation holders.

[@michaelkonen]

I’ve been watching for years and have always appreciated the content. This is a great video, especially coming from someone that’s a really big fan of Teslas. I completely agree with you too. It’s a really expensive vehicle and I would have come to the same conclusion. Unfortunately/fortunately not everyone else is as financially sound with their decisions. Personally it’s great to be able to walk away from a hard decision and I’m assuming Tesla will still sell plenty to people that are more impulsive or live beyond their means. I don’t envy them.

[@albertofourie3294]

He simply can't afford it!

[@wyrdstein]

I agree with your reasoning. Not worth buying it if you go in debt over it. Maybe wait and get the R2

[@mlim8]

all the right reasons for the right decision! great 'adulting' and being financially responsible!

[@orienteqbano]

Perfect decision! Comprehensive and responsible.

[@rollswrangler]

The CT is a vanity item. It consumes twice the power as a model 3. I'm looking for an E-Transit style van body, which would be far more useful to more trades people. I'd also be interested in an all electric 20 foot Isuzu style box truck with 160 SF solar panels on the roof. Or a Teslabago. But not an overpriced pickup. And not an overpriced pickup that consumes twice the power as a Model 3 after Tesla raised SC fees 300% since 2018.

[@bluedrew]

Canoo?

[@onceappuonatime]

Get that sponsorship deal and make a video saying “How I bought this Cybertruck for $30,000” and as the video makes money, consider that as money saved. Long term, you did the right thing

[@Devotional_Bhajans]

Yes, I Agree For me rivian is a better choice too

[@c2k12]

you made the correct decision good job hopefully they drop that stupid foundation series crap So i will also wait for the $80k dual motor

[@SammyGeek]

Yeah....I'm waiting for the 80k version.

[@laveshadvani6471]

Great video!

[@TeslaRaj]

Thanks!

[@inelonwetrust9169]

Wise decision bro! The price will go down for sure. This will make the want vs need argument much easier to follow.

[@nicholasmuni7995]

Once Tesla can't goug anymore new customers they may reduce the price to 80 grand.

[@aussie2uGA]

Rivian honored their early reservation holders, then raised the price. Tesla just told us all too bad, we need the cash…

[@Brian-rm8dn]

Eventually...they tried raising the fee and had huge backlash and gave in.

[@CoolSilver]

I could have configured just before New Year's Day. I'm in the same boat. Granted I had an accident last year that doubled my insurance rate, and totaled out what would been a spare 2018 Model 3 LR DM. My 6 month old 2023 Model Y AWD is about 36k in trade in. I took a 20k hit on buying that vehicle. Irony is the value I got in my 2018 Model 3 was about the same as the trade in value today which I still owe more than that. I have a couple options, but paying down the Y and trading in would likely need to be done. I had set aside some for the Cybertruck for down payment but hadn't planned for such a dramatic hit to trade in cost. I thought maybe 5-8k if early, maybe 12k off by end of year ... nope. So I have other options to dig into long term funds but ... I rather just hold until the AWD and tax credit (hopefully) comes. By then I will decide how much I want to put down, need to finish paying down to balance a trade. Yea sucks. In reality I shouldn't bother and wait for another year or more. Maybe just keep the Y some how after all.

[@nicholasmuni7995]

If your insurance doubled how much would it cost you to insure CT, did you ask?

[@leslieyoung5234]

Totally agree. 1. Way too expensive now 2. No 6 seats 3. No pass thru rear seat for camp mode 4. Feature creep due to Elon hubris? i.e. Hummer 4wd; great 48v system; steer by wire

[@egidiomeola]

You are correct wait for it

[@clncl98506]

Not everyone needs foundation series and good discipline always pays off. New price and more refined one will be here before we know it. Good choice Raj.

[@CraigLongo]

You made the right decision 💯.

[@joaocoupe]

I believe you have made the right decision. I lost a ton of cash overnight when Tesla dropped the price of the model 3 Performance in The Netherlands.

[@TeslaRaj]

Yeah the fluctuations has really hurt the value and this is for sure going to drop

[@jamesmoore560]

What was it? One motor $40,000, Two motor $50,000, Three motor $80,000. Now: the one motor is not coming out 'til the end of time. The two motor will be $69,000? And the three motor is more than $100,000. I realize that there is a little inflation to be figured in, but my two motor model at $50,000, turned into a $70,000 vehicle, which if I figure right, is a ~40% jack in price. I TOO WILL BE PRICED OUT OF THE MARKET.

[@selbyjohnson5986]

For me, I feel like this is a huge impulse buy. In a year when the prices are lower will I even want it then? It's not a pratical purchase. This is a money waster. It just depends on if you have the money to waste.

[@nicholasmuni7995]

An adult toy wouldn't you say.

[@michaelcasino8517]

Right decision. Tough economy not good to spend anything unnecessary

[@STRIDwastaken]

When he 4 minutes in to the video finally cracks that this is a hidden commercial to push Rivian

[@sellingoutloud]

I'm almost in the same predicament. I have a 2023 model 3 for trade-in of a cybertruck but they are only offering $25k.

[@TeslaRaj]

Oh man that’s what i thought I’d get for my 2018 one maybe i need to reset my trade in expectations. Either way yeah still gotta come up with $75k and that’s crazy

[@mike866]

I cancelled my Cybertruck and got a Rivian R1S. I still like the Cybertruck, but the R1S suits my needs. Also got it for much cheaper that the Cybertruck. Who knows, maybe if they come out with "CyberSUV", I'll be all over that!

[@bluedrew]

Nice! But that FSD is EPIC. Granted it's TbD and BS. But long term, truck drives me ... eventually.

[@BrandonDoyleMN]

Darn responsible choices, they’re never the fun ones

[@georgejoseph3663]

Oh my god. 😮I am not the only with the same exact reasons. I cannot agree more on all of them. This is exactly the reason I rather have the Rivian R1S ( for the need to have 6 seats) rather than Cybertruck ( really should have had 6 seats 😢)

[@TeslaRaj]

Someone had to say it!

[@mcunha81]

Smart man,no I don't have a CT reservation..

[@wolfgangpreier9160]

120K is about half my house. Not happening. 60K is my limit. I wait for the RWD with the big battery. Actually i have to wait for Tesla to import it to Europe anyway.

[@stlufred]

You went against the trend for the right decision. Congrat! If you do not need a truck, don't buy a truck! I know a lot of people will hate me for that comment, but that craze for bigger is better will lead us to our doom... A bigger vehicle (electric or not): use more resources to build, use more resources to run, take more space (so more parking) and is more dangerous (worst visibility, more mass, ...). So again, congratulation for not buying it!

[@DefundTheFringes]

Most people who buy full-sized trucks don't truly need them, and countless BTUs or amps are wasted for ego.

[@Xstream718]

Just pre order an R2

[@TeslaRaj]

Oh I did! 😉

[@jimadams2113]

I'm waiting for the Juniper Model Y.

[@wolfgangpreier9160]

I do not. I just bought my 5th Model Y for an employee. The first two have already been sold again.

[@Resist4]

The price increased $20k and $30k while the specs dropped, really disappointed it doesn't have the 500+ mile range. It's not the vehicle I put my reservation in for either, I'm priced out too. The tax would be ridiculous with the new price points, not to mention the DMV fees and insurance cost. But I'll keep my reservation in place for as long as I can. Why would you sit on the hood of your car? It's aluminum and dents easily. But never buy or don't buy a vehicle based on resale because they aren't investments. Buy it if you think the price works for you and just enjoy it. Otherwise just lease it. But look, you are not being financially responsible, you just can't afford the new price point. Nothing wrong in admitting that, I'm in the same situation. Even if I could get a loan for it, would I want a mortgage payment for a vehicle? Of course not! Elon lied to us 4 years ago. He knew they couldn't sell the Cybertruck with those specs at those price points. He did it to get millions of dollars in reservations that they then held interest free for 4 years, making interest on our money for Tesla. Just like he's done with FSD. I used to be a huge Elon fan but the empty promises are getting old. I'm still a Tesla fan, just not a fanboy.

[@TheMamonti1]

did they return your 200.00 deposit?? I know it was 100.00 but since everything is doubled by tesla I thought maybe they doubled your deposit!

[@minutegaming6778]

He got the deposit back but not the $1000 in order to configure it.

[@swaggyl2493]

Trucks hold values better than any car, so I don’t believe you’ll be taking the kind of hit you think you’ll be taking. If you bought it now; and sold it after a year you’d still be winning. They won’t produce more than 50,000 and who know when your chance comes around again

[@xjr1618x]

I cancelled my order too. I reserved an R2. Best decision ever. Tesla has been disappointing

[@morenokv]

Should have sold it and take the profit. I believe Tesla has not done anything (Yet?) to the person that sold it to Porsche.

[@Wittstock99]

Smart

[@crimsondecade7420]

I didn't cancel yet but I don't plan to take delivery until the price is in the low 60's

[@bluedrew]

Might take a while....

[@johnwoods6613]

i meant to say they did not refund my thousand

[@lijeiii]

👏🏾👏🏾👏🏾👏🏾👏🏾

[@lijeiii]

The right decision…

[@ekakoll]

of course you made the right decision. That truck aint worth 100K

[@SydneyEV]

Yep, you need the right tool for the job, if the Cybertuck isn't the right tool for the jobs you have, then don't buy it, and get something more affordable and suitable.

[@empireofpeaches]

Were there many cybertrucks there? I only saw the one. Sad to say pass, but sounds like a wise move

[@TeslaRaj]

Oh yeah if you get on the freeway which goes in the back there a fenced off area that at least 10 back there

[@ashishpatel350]

it is over priced for what it is the rivian is significantly better

[@ItsBinhRepaired]

So you tossed $1k out?

[@mikecounsell]

Buy more stock meanwhile

[@teslatalk42069]

How could content along with sponsorships not cover the cost of the truck?

[@TroySavary]

KZbin does not pay very well anymore. Plus there are already hundreds of Cybertruck videos. Buying a Cybertruck hoping that KZbin pays for itis not a wise decision.

[@ivankuljis1780]

Raj, your way too rational my friend. Damn it ..... _Australia Dreaming 2026_

[@TeslaRaj]

It sucks to be rational! 🤪 It would be awesome in Australia

[@ivankuljis1780]

@@TeslaRaj Come on DownUnder! You'll love your stay.....lots to see! Kangaroo Island and Frazer Island are two of my picks✓

[@joserosario7736]

I thought you could not delay it. They would just cancel.

[@davisreid873]

As he’s got a car seat in the back of his model 3 lol.

[@techtim123]

I’m totally fine knowing that I will losses upfront but the used car market is guiding me to something cheaper 😂

[@sanjayreddy697]

You are a adult. Congratulations! Why do you need to be affirmed by strangers?

[@OrganicStuff1]

But you can make 20k from content, also audio is bad or me or just me

[@sagarmeena0210]

You will make you money back in CT content

[@TeslaRaj]

lol i wish. Unfortunately not the case

[@thedownwardmachine]

This video makes me sad, it’s like you gave up your dream because it’s not the smartest thing to do with your money. But once your needs are met, what’s the rest of the money for?

[@Coyote.five.0]

because you wanted to make a video saying you preorder it , but in reality dont have $65k , $89k , $110k laying around to purchase the vehicle

[@SmartMart1658]

Wrong decision IMHO. You should have bought it and then flipped it for a $50k profit and then put the $50k towards the Rivian you wanted. Others are flipping their Cybertrucks and Tesla doesn't seem to be doing anything about it.

[@TroySavary]

Seeing how many in the comments cancelled their pre-order to get a Model Y instead shows that you guys didn't actually want a truck. You wanted to be seen by other Tesla cultists in the newest Tesla.

[@EverydayRoadster]

text overlay sucks

[@kylecordes]

There is no point in "cancelling", just don't order (yet) when invited to do so. Of course they will sell all they can at a high price first. Then cheaper later. Same as Model S, Model 3, etc. BUT... merely being patient is not as dramatic for a video 🙂

[@bluedrew]

Right! I wanted to wait for non Legacy. But if demand is high, when will Legacy ever end?

[@ZipZoomZip]

Don't buy a truck if you don't need a truck! I wish more people were as sensible as you because I would get my Cybertruck a lot sooner!

[@bluedrew]

Totally legit decision. Me, not so much. Just confirmed order for AWD Foundation. Don't want the wheels/tires. So paying 5K for the BS Limited series. BUT...April delivery. Waiting since 2019.

[@unskillandlearn]

I resonate with you raj, cybertruck is bit over hyped!

[@bluedrew]

...will see how long they are able to push the 20K Foundation. Didn't really want it, but I bit. Timing?