Tesla announced that it will begin the mass production of Cybertruck by the end of the year 2023, two years after the initial target for the long-anticipated pickup truck that Elon Musk unveiled in 2019.
According to Tesla, it was working on preparing its Austin, Texas, plant to create the new model, with early production ready to start in the mid of 2023. Musk said on a conference call with financial analysts, “We’re in the final lap for Cybertruck.”
A gradual speed-up in the second half of next year to total output for the sharp-angled electric truck means that Tesla would not be recording revenue till early 2024 for a full quarter of production on a new model, as key to its growth.
It would also mean another year’s wait for hundreds of thousands of potential buyers who paid $100 to book a Cybertruck in one of the most closely tracked and highly anticipated electric vehicle launches ever.
Musk introduced Cybertruck in 2019, revealing where the designer damaged the vehicle’s supposedly unbreakable armor glass windows. The company has pushed back production timing about three times from late 2021 to 2022, then to early 2023, and now most recently, to the mid-2023 target for initial production.
In 2019, Tesla had announced an initial price of $40,000, but prices for new vehicles will be higher, and Tesla has also raised prices across its lineup.