Its going to sell well, like every Tesla. I suspect that it won't sell well to people who buy trucks for their actual utility, but you're right that this thing will totally be a status symbol; just not among people who would utilize its capabilities.
Just look at the success of the G-Wagon among white LA uurbanite-types. No one cares about the utility. It just looks weird and gives off this vibe of "I work! Trust me! Look at my utilitarian car!" That's who this will sell to, and it will sell well.
The G-Wagon is a very high end luxury SUV with a huge profit margin. As such, MB can afford to sell only a handful. But at the advertised price, the Cybertruck offers no such margin. It'll surely will be a money-loser for Tesla which they'll have to sell like F150s for a decade just to break even.
The Cybertruck isn't about profit. It's about making Tesla's name synonymous with shock and awe.
Just look at the success of the G-Wagon among white LA uurbanite-types. No one cares about the utility. It just looks weird and gives off this vibe of "I work! Trust me! Look at my utilitarian car!" That's who this will sell to, and it will sell well.