Not really. First of all, they are reservations, not purchases. And the outstanding orders represent everyone who follows this company the most closely and who are the most enthusiastic about these cars. Once that demand is exhausted, can we be certain that the demand will continue?

I'm not saying that it's certain that it won't, but it does remain to be seen. In the automotive industry, a half a million cars just isn't a lot. Certainly not enough to proclaim that "a shitload of people" will want one for many years to come. Ford sells 750k F150s each year. That's just one model. And those aren't reservations, they're sales.

I think you need to make up your mind here. If 65k cancelled reservations is a lot, then so is nearly half a million remaining reservations. If half a million remaining reservations aren't a lot, then 65k cancelled ones aren't relevant.