Tesla Cybertruck Mass Production May Begin Sooner Than Expected, Says Report
Tesla is looking to start mass production of the Cybertruck by the end of 2023, according to two people familiar with the matter, reports Reuters.
The target is roughly two years after CEO Elon Musk’s initial target for the electric truck when it was first shared in 2019.
Last month, Tesla told news outlets it was readying its Gigafactory Texas for Cybertruck production. “We’re in the final lap for Cybertruck,” said Musk during a conference call. Gigafactory Texas is now in the ‘tooling stage’ for Cybertruck production.
Additionally, Italy’s IDRA, the company that creates the casting machine which will be used for the Cybertruck posted photos saying the unit was “packed and ready to go” just last week, as it ships to the Austin, Texas Tesla factory.
New Tesla Cybertruck Prototypes Delivered to Giga Texas, Spotted by Drone https://t.co/1zMwE0XJ8l
— TeslaNorth.com (@RealTeslaNorth) October 14, 2022
The Tesla Cybertruck is currently in the tooling stage, and early production and deliveries are set to begin in mid-2023, according to Musk’s most recent predictions.
Tesla takes about a year to ramp up production of new vehicles, but the Reuters report suggests for Cybertruck, it may begin faster than usual at half the time.
“As I think everyone knows at this point, it takes about a year to ramp up production,” said Tesla CEO Elon Musk during the company’s recent Q3 earnings call, referring to the company’s Semi truck, slated for first deliveries this December.
If Tesla ramps up output throughout next year, it won’t record full-quarter revenue on the Cybertruck until early 2024.
It also marks another year of waiting for those who have reserved one already, estimated to be hundreds of thousands of people.
Tesla hasn’t recently announced pricing for the Cybertruck, though Musk did state earlier this year that it will be different than the original $39,900 price tag it announced with.