🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

Tesla Confirms Cybertruck Design Is 'Locked' with 'Mid-2023' Timeline

Published 06/23/2022, 03:19 AM
Updated 06/23/2022, 07:20 AM
© Reuters.  Tesla (TSLA) Confirms Cybertruck Design is 'Locked' with 'Mid-2023' Timeline
TSLA
-

By Michael Elkins

Tesla (NASDAQ:TSLA) CEO Elon Musk confirmed in an interview with the Tesla Owners Club of Silicon Valley on Thursday that the Cybertruck design is now “locked”.

“We need to get on that [getting the Cybertruck to production]. At least, the design is finally locked," said the billionaire in the interview. “We got too carried away [with design updates].”

During the interview, Musk updated the production timeline for the Cybertruck to now "mid-2023."

Elon Musk first unveiled the Cybertruck at their Design Studio in Los Angeles in 2019. Tesla claimed that the Cybertruck's "Armor Glass" windows were virtually unbreakable, but two windows shattered during a demonstration.

On 23 November 2019, Elon Musk tweeted that Tesla had received 146,000 pre-orders in the first 1.5 days after the unveiling. At the time, Tesla said that the electric pickup truck would make it to market by the end of 2021.

As the first deadline approached, it became clear that the Cybertruck was not going to make the original timeline. In August, the company confirmed via footnotes on their site that production had been delayed till 2022. A month later, Musk confirmed on a company-wide call that Tesla doesn’t expect to start Cybertruck production until the end of 2022.

However, as the timeline for the Model Y was pushed back, it appeared likely that the Cybertruck timeline would be delayed yet again. During Tesla’s earnings report in January, Musk gave an update confirming that Tesla wouldn’t launch the Cybertruck or any new vehicle in 2022.

With a new timeline of “mid-2023”, the company continues to have confidence in the electric pickup. Earlier this year, Cybertruck prototypes were seen being tested by Tesla as well as being used for promotion at events.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.