Is Tesla Cybertruck Launch Delayed Again? Reports Say Mass Production Will Start by the End of 2023

Tesla is reportedly expecting to begin mass production of the Cybertruck by the end of 2023, two years beyond the original timetable for the highly-anticipated sharp-angled electric truck that CEO Elon Musk introduced in 2019.

This information was given to Reuters by two sources familiar with the company's plans, according to CNBC's report.

What Might Happen

Last month, Tesla said that early manufacturing of the new model will begin in the middle of 2023 at its Austin, Texas factory. On a teleconference with financial analysts, Musk said they are in the last lap with Cybertruck.

CNBC reported that this means Tesla will not begin collecting revenue for a full quarter of the new model's production until early 2024. Note that this truck is considered essential to the company's expansion.

And as one of the most anticipated and heavily monitored debuts of an electric vehicle (EV), this would also imply an additional year of waiting for the estimated hundreds of thousands of purchasers who have paid $100 to reserve a Cybertruck.

When contacted by CNBC, Tesla did not provide a response right away.

Consistent Delay in Releasing the Cybertruck

Cybertruck was unveiled by Musk in 2019, with the designer breaking the purportedly impenetrable "armor glass" windows.

Since its introduction, the firm has delayed the start of production three times; first to late 2021, then to late 2022, and now to the middle of 2023.

In August 2021, the EV manufacturer opted to prioritize manufacturing its Model Y, pushing back the launch of the Cybertruck until 2022. Musk confirmed the news the following month.

The CEO then revealed that the mass manufacturing of the electric truck would not begin until late 2022.

In January of this year, Musk postponed the launch of the Cybertruck until 2023, citing the difficulties in acquiring sourcing components, according to CNBC.

Since May, Tesla has no longer been accepting orders for the Cybertruck from customers outside North America. Musk said at the time that the firm had received more orders of the first units than they could reasonably fulfill for three years after the start of manufacturing.

What We Know So Far

Based on reports, Tesla has yet to show other information regarding this, including the vehicle's production version, details on how it would handle the supply of batteries, or even the final cost for the Cybertruck.

Tesla predicted an initial price of less than $40,000 back in 2019. But as the cost of producing new automobiles has inflated, the company has been forced to increase pricing across its range of vehicles, too.

Based on how PCmag puts it, the Cybertruck model appears like a concept car from the 1970s as it has a wedge form, stainless steel exterior, unbreakable glass windows, and accompanying ATV.

It comes with rear-wheel drive, a range of 250 miles, and the ability to tow 7,500lbs (approximately 3,400kg). One variant will cost extra since it has a second engine, all-wheel drive, a longer range of 300 miles, and a higher towing capability of 10,000lbs (approximately 4,500kg).

This article is owned by Tech Times

Written by Trisha Kae Andrada