It is still vaporware. One potent delay tactic is to arrange a splashy prerelease, and then drag feet to production. But delay tactics only work for ideas that aren't strongly seated yet; if he keeps coming back to it, delay will eventually fail. That's how you get bad movie and terrible ideas on store shelves. He is the boss after all.

I would want it.

Why would you want it when the F150 Lightning already exists?

or a cheap single speed bicycle from the nearest sport shop

I can't carry plywood on a bicycle. That's why I'm on the waiting list for the F150 EV.