They DON’T have the product, but they do have secured the parts and manufacture, so it gets slowly built, after which small batches are dispached around the world, before getting assigned to someone in the queue to be bought (if he still wish to).

For the waitlist, they don’t have secured enough parts to buy a chunk of manufacturing time to assemble them. From the look of it they decided to buy additional manufacturing time chunks in 2028, but don’t know yet when they will be, so wait & see.