Tesla has pushed back the Cybertruck production until early 2023: According to a report
“Oh man, this year has been such a supply chain nightmare & it's not over!,” said Elon Musk when asked about Cybertruck's production
Friday, January 14, 2022 | Chimniii Desk
Key Highlights
- According to the source, Tesla plans to produce a limited number of Cybertrucks in the first quarter of 2023 before ramping up production.
- Elon Musk, the futuristic vehicle's creator, had already postponed its production from late 2021 to late 2022.
- Tesla plans to produce the Cybertruck at its Texas factory, which will begin producing Model Y vehicles early this year.
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According to a source familiar with the matter, Tesla Inc aims to start producing its much-anticipated Cybertruck by the end of 2023, instead of late this year.
According to the source, the delay is due to Tesla altering the electric pickup's features and functions in order to create a compelling product as the segment's competition heating up.
According to the source, Tesla plans to produce a limited number of Cybertrucks in the first quarter of 2023 before ramping up production.
Tesla, the world's largest maker of electric vehicles, sells sedans but has stayed away from the profitable and popular pickup truck category in the United States.
Ford Motor Company and Rivian Automotive have launched electric pickup trucks ahead of Tesla.
Ford announced earlier this month that annual production capacity for its highly anticipated F-150 Lightning electric pickup will nearly double to 150,000 vehicles before its arrival at U.S. dealers this spring.
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On Thursday, when Tesla shares fell 6.7 percent and Rivian fell 7.1 percent, Ford's market value surpassed $100 billion for the first time.
Elon Musk, the futuristic vehicle's creator, had already postponed its production from late 2021 to late 2022.
Musk has stated that he will provide an updated product roadmap during Tesla's earnings call on January 26.
When asked about the Cybertruck, he tweeted in late November, "Oh man, this year has been such a supply chain nightmare & it's not over!"
Tesla's Cybertruck order website recently removed a reference to its production schedule. Last month, the website said, "You will be able to complete your configuration as production approaches in 2022." The phrase "in 2022" has now been removed.
Tesla plans to produce the Cybertruck at its Texas factory, which will begin producing Model Y vehicles early this year.
Report Source: Tesla delays initial production cybertruck early 2023
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