Tesla’s Cybertruck to enter mass production in 2024

The Cybertruck, the all-electric pickup truck produced by Tesla, unveiled in November 2019, got detailed again, and its mass production will start next year. The preorders for the futuristic truck are estimated to have surpassed 1,6 million, with 146,000 pre-orders made in the first two days after the truck was revealed.

The production plan was originally set for late 2021, but was delayed multiple times. During a Q&A session Elon Musk, Tesla’s CEO said: “for 2023, Cybertruck will not be a significant contributor to the bottom line, but it will be into the next year.” The EV is expected to be manufactured at the Giga Texas factory near Austin and its initial production is set to start in a couple of months. “We do expect production to start sometime this summer, but I always kind of downplay the start of production because the start of production is always very slow.”

“So it’s an incredible product. I can’t wait to drive it personally, it will be the car that I drive every day. I’m wearing the T-shirt with the smashed glass, and it’s just one of those products that only comes along once in a while, and it’s really special,” Musk added.

The Tesla Cybertruck comes in three variants with the following prices: Single Motor RWD – $39,900; Dual Motor AWD – $49,900 and Tri Motor AWD – $69,900. You can reserve one by paying a $100 refundable deposit, regardless of the trim you choose.

During the fourth-quarter earnings call, Musk also said “the future is very exciting… long term, I am convinced that Tesla will be the most valuable company on earth.” The company currently has a market cap of $526 billion, being the world’s 7th most valuable company by market valuation.

Source: autoevolution.com