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Tesla builds first Cybertruck after two years of delays

Published 07/15/2023, 11:16 AM
Updated 07/15/2023, 11:20 AM
© Reuters. FILE PHOTO: Tesla's Cybertruck is displayed at Manhattan's Meatpacking District in New York City, U.S., May 8, 2021. REUTERS/Jeenah Moon/File Photo
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(Reuters) - Tesla (NASDAQ:TSLA) built its first Cybertruck at the electric-vehicle marker's plant in Austin, Texas, the company said in a tweet on Saturday, after two years of delays.

Tesla founder Elon Musk introduced the pickup truck in a 2019 reveal where the vehicle's designer cracked the vehicle's supposedly unbreakable "armor glass" windows.

The company has pushed back production timing since then and Musk had last year cited shortages in sourcing components as the reason for pushing the launch of Cybertruck into 2023.

In a May shareholder meeting, Musk said that Tesla would like to produce a quarter-million Cybertrucks a year, depending on demand.

The Cybertruck launch will give Tesla an EV entrant in one of the most profitable segments of the U.S. market and a competitor to electric pickups from the likes of Ford Motor(NYSE:F.N) and Rivian Automotive (RIVN.O), both of which have launched models in still-limited numbers.

Reuters reported last year that Tesla aims to start mass production of Cybertruck at the end of 2023.

Latest comments

Cybertruck from Tesla is finally coming out, indicating the wide application scenario of new energy vehicles. And charging becomes the immediate need of the industry in the long run. Focus on NAAS (NASDAQ:NAAS), one of the global charging leaders.
The Tesla shorts are not going to be happy on Monday!
Too little. Too late. What reasonable person with $100K to spend on an electric truck would pick this over Rivian?
Me.
Can't compete with Ford. Ford is a work vehicle and the cyber truck is not sure for what. Useless, show off car?
Lol. Ford?! Hope you are kidding.
Ford has waited way to long. The train has left the station.
It is tough to imagine the purpose of this vehicle. Then again, a fair portion of F-150s I see on the road have pristine beds, no ladder racks, no tool boxes and are driven by neatly dressed guys without callused hands. These folks might be interested in the Tesla.
Monday bear crush
that's is ugly as hell, and lay money very dysfunctional. keep it
Game changer
F150 Lightning lightning ⚡ are going fast
the fact is the competition in EV market is fierce...adopting Tesla charging helps charging but hurts vehicle sales MUCH more
🚀🚀🚀
sell the news
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