Connect with us

News

Tesla Now Plans to Start Cybertruck Production by the End of 2023: Report

Published

on

A front 3/4 photo of the Tesla Cybertruck concept vehicle.

Image: Tesla

A new report from Reuters says Tesla is aiming to begin full Cybertruck mass production by the end of next year. For realsies this time, or so it says. This would only be two years after the initial mass production target was announced by CEO Elon Musk. That easily beats out vehicles like the Semi and new Roadster.

That being said, words are cheap when it comes to Tesla production targets, so we’ll remain skeptical until Cybertrucks actually start rolling off the assembly line in Austin, Texas.

“We’re in the final lap for Cybertruck,” Musk told financial analysts in a conference call.

According to Reuters, a gradual ramp-up in the second half of 2023 will culminate in full output by the end of that year. That would mean the company wouldn’t make any money off the long-awaited Cybertruck until the beginning of 2024 at the earliest.

There’s still no word on exactly how much the Cybertruck will cost people who put down a $100 deposit years ago, but it’s a safe bet that it’ll be well over the initial $40,000 Musk projected it to be.

Reuters reports production of the Cybertruck has now been pushed back three separate times. It was initially supposed to start in late 2022, but it was then moved to late 2022, then early 2023, and now it’s looking like mid-2023 to start initial production. Could three be the magic number? I suppose we will find out.

In January, Musk had cited shortages in sourcing components as the reason for pushing the launch of Cybertruck into 2023.

In May, Tesla stopped taking orders for the Cybertruck outside North America. Musk said then the company had “more orders of the first Cybertrucks than we could possibly fulfill for three years after the start of production.”

Reuters says that some analysts are warning that a weakening global economy could start to have a negative impact on Tesla sales. Musk himself has said a coming recession will last until the Spring of 2024.

That’s not the only battle the Cybertruck will face. It now has much stronger competition than it would have a couple of years ago. By the time it hits production at the end of next year, the Cybertruck will have to face off against the Ford F-150 Lightning, Chevrolet Silverado EV, GMC Hummer EV, Rivian R1T, and the upcoming GMC Sierra EV.

Who knows what sort of competition the Cybertruck will face when production is inevitably delayed past the end of 2023?

Continue Reading

Recent News

Ethereum Investments Ethereum Investments
Crypto7 hours ago

From HODL to Wealth: Mastering Ethereum Investments

Cryptocurrency investors have witnessed the meteoric rise of Ethereum, making it a formidable contender in the digital asset market. Ethereum’s...

The Night Agent Season 2 The Night Agent Season 2
Entertainment7 hours ago

The Night Agent Season 2: Release Date, Cast, Production Details, and More Explored

Are you waiting for the release of The Night Agent season 2? The action thriller show is based on a...

Bilan Liu Bilan Liu
Tech9 hours ago

Design Alchemy: Bilan Liu’s Journey of Creativity and Connection

In the midst of modern design’s hustle and bustle, Bilan Liu is a shining star of ingenuity and artistry. As a...

Restaurant Furniture Restaurant Furniture
Home Decor10 hours ago

From Bistros to Brasseries: Commercial Restaurant Furniture Styles for Different Dining Concepts

Setting the tone for an outstanding dining experience for your guests extends beyond the food. It has to include every...

NetReputation Reddit NetReputation Reddit
Digital Marketing10 hours ago

NetReputation Reddit: Best Online Website Management Service

Are you a website online that is exhausted of the constant, round the clock website management as well as maintaining...

Jennifer Garner’s Net Worth Jennifer Garner’s Net Worth
Celebrity10 hours ago

Jennifer Garner’s Biography: Personal Life, Net Worth, Lifestyle and More

Janet Anne Garner is an American actress who was born on April 17, 1972. From 2001 to 2006, she played...

James Cameron Net Worth James Cameron Net Worth
Celebrity10 hours ago

James Cameron Net Worth: From Blockbuster Movies To Deep-Sea Exploration

James Cameron is a name that needs no introduction come on. As a filmmaker, explorer, and innovator, he has left...

Kaceytron's Net Worth Explored Kaceytron's Net Worth Explored
Celebrity10 hours ago

Kaceytron’s Net Worth Explored: How Much Does The Twitch Streamer Earn?

Kaceytron has carved out a prominent position in the world of live streaming, captivating audiences with her personality and engaging...

Caitlyn Jenner’s Net Worth Caitlyn Jenner’s Net Worth
Celebrity10 hours ago

What Is Caitlyn Jenner’s Net Worth?

Caitlyn Jenner, the diva who got famous through her work on Keeping Up With The Kardashians, has a lavish life,...

Sylvester Stallone’s Net Worth Sylvester Stallone’s Net Worth
Celebrity10 hours ago

Sylvester Stallone’s Net Worth, Career, Lifestyle, and More

Sylvester Stallone is an actor, writer, producer, and director from the United States. He is now one of the most...