Tesla plans to begin commercial production of the Cybertruck by next year, 2023, 24 months after CEO Elon Musk announced the first timeline for the upcoming truck. Tesla announced last month that it was preparing its Texas factory to manufacture the new electric truck, with initial production beginning in Q2 2023.Â
Musk stated during a conference meeting that Tesla is in the final lap for Cybertruck. A delayed ramp to full production of the new electric vehicle in the second half of next year would imply that Tesla will not be generating sales until Q1 2024 for an extended period of production on a new electric truck which is viewed as critical to the company’s expansion.
It might also lead to one more year of waiting for the numerous prospective consumers who have submitted their payment of $100 to book the Cybertruck in one of the most popular electric vehicle introductions in history. Tesla has not released the final price for the Cybertruck, shown the final version of the electric truck, or said how the EV company would handle the new model’s battery supply.
Cybertruck Pricing
Tesla estimated a starting price of less than $40,000 three years ago, but costs for brand-new cars have risen over time, and Tesla has consistently increased pricing throughout its portfolio. Musk unveiled the Cybertruck during a presentation in which they smashed the apparently indestructible armoured glass windows of the car.
Since then, Tesla has extended its production timeline three times, with the latest being from early 2023 to mid-2023. The Cybertruck will provide Tesla with an EV entry into a lucrative sector of the US market, as well as a competitor to other electric trucks which have debuted excellent versions in limited quantities.
There have been warnings that a weaker global economy may begin to impact Tesla’s sales, which haven’t faced any major challenge yet. Musk predicted that the ensuing slump will extend until the spring of 2024. The Italian company, IDRA Group, which manufactures the Giga Press used for casting some sections for the Cybertruck, mentioned on LinkedIn that the equipment for truck manufacturing was assembled and ready to be set up.
Giga Press
Tesla has used IDRA Group’s technology to reduce the cost and difficulty of Model Y production, an invention that other manufacturers, such as Toyota, have investigated. The Cybertruck was supposed to employ Tesla’s 4680 batteries, but the EV company has not been able to sufficiently scale up manufacturing of the in-house batteries, perhaps leading to more Cybertruck delays beyond the end of 2023.
To transition to normal 2170 batteries, Tesla may need to radically alter the Cybertruck batteries. Musk stated that the 4680 batteries are not likely to create a bottleneck for Cybertruck or anything else. He stated that the battery output was increasing exponentially, but he did not specify the scale of manufacturing.
