After 4 years of the market learning about Tesla’s “Cybertruck” car project, Tesla has finally built the first model at the electric car maker’s facility in Austin, Texas. This was written by Reuters on Saturday evening.
After its introduction in 2019, the company announced a number of delays; First from late 2021 to late 2022, then to early 2023, then to mid-2023. Component shortages were among the reasons.
During a public meeting in May, Musk said Tesla wants to produce a quarter of a million e-trucks annually, depending on demand.
According to Reuters, the launch of the Cybertruck will give Tesla an electric car entry into one of the most profitable segments of the US market, and will be a competitor to electric trucks from companies such as Ford Motor and Rivian Automotive.
Reuters reported last year that Tesla aims to start mass production of the e-truck by the end of 2023.
key to growth
Starting production in late 2023 will mean the electric automaker won’t book revenue for the Cybertruck for a full quarter until early 2024. The hundreds of thousands of potential buyers who paid $100 to keep the Cybertruck will have to wait another year before that. They receive their version of perhaps the most “blockbuster” electric car of all time.
The car is also key to Tesla’s further growth.
According to the news agency, Tesla is required to announce the final price of its e-truck. A sub-$40,000 price tag was expected in 2019, but since then the electric vehicle maker has lowered the prices of many of its models.
The Elon Musk-dominated electric vehicle manufacturer also didn’t show off the production version of the vehicle, nor did it say what it will be like with battery charges.
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