Tesla to start mass production of Cybertruck by the end of 2023

The end of 2023 is the anticipated date for Tesla to begin mass producing its long-awaited pickup vehicle, two years later than the initial goal. According to two persons familiar with the plans, CEO Elon Musk revealed them in 2019. The new model will begin almost early production in the middle of 2023, according to a statement made by Tesla last month. The company is trying to prepare its Austin, Texas factory to construct the new model. Musk claimed that a conference call with financial analysts was in the closing stages for Cybertruck.

The sharp-angled electric truck would require a slow ramp in the second half of the next year to reach full output, which would delay Tesla's recording of income for an entire quarter of production on a new model seen to be crucial to its growth until early 2024. Additionally, it would require the expected hundreds of thousands of prospective buyers to wait an additional year after paying $100 to reserve a Cybertruck in one of the most eagerly awaited and closely watched electric vehicle debuts in history.

An inquiry for comment was not immediately answered by Tesla. The Cybertruck's final price has not been disclosed, the production model has not been unveiled, and the battery management plan for the new model has not been made clear. Tesla had anticipated a starting price of under $40,000 in 2019, but since then, the cost of new cars has skyrocketed, and the company has boosted prices across the board. In a 2019 announcement, Musk unveiled the Cybertruck, revealing that one of the allegedly indestructible windows made of "armor glass" had been broken. Since then, the corporation has moved back to the start of production three times: from late 2021 to late 2022, then to early 2023, and most recently to the mid-2023 timeframe. With the release of the Cybertruck, Tesla will have an electric vehicle (EV) entry in one of the most lucrative U.S. market segments and a rival to electric pickups from the likes of Ford Motor Co. and Rivian Automotive, both of whom have debuted vehicles in still-limited numbers.

Musk had previously explained in January that the debut of Cybertruck had been delayed until 2023 due to a scarcity of components. For the Cybertruck outside of North America, Tesla ceased taking orders in May. The first Cybertrucks received more orders than the company could fill, according to Musk, for the first three years after production began. For an entirely new vehicle, such as the Cybertruck, automakers frequently increase output gradually. Analysts have also warned that Tesla's sales, which up until now have been unaffected by the global economic downturn, may start to suffer. Tesla has been able to sell every vehicle it produces. A forthcoming recession, according to Musk, is likely to extend until the spring of 24.

The 9,000-ton equipment for manufacturing truck parts, made by the Italian company IDRA Group, was packed and prepared for shipping. This machine will be used to die-cast parts for the Cybertruck. Tesla was not specifically mentioned in the post. The Giga Press, a technology also adopted by Toyota and other manufacturers, has been used by Tesla to reduce the cost and complexity of the Model Y's production.