Mass manufacturing of Tesla's Cybertruck to begin at the end of 2023

Tesla expects to begin mass production of its Cybertruck at the end of 2023, two years later than the original deadline for the eagerly anticipated pickup truck Chief Executive Elon Musk disclosed in 2019.

The new model will be built at Tesla's Austin, Texas, plant, with "early production" expected to begin in the middle of 2023, the company announced last month. In a conference call with financial analysts, Musk declared, "We're in the final lap for Cybertruck."

If the manufacture of the sharp-angled electric truck ramps up gradually in the second half of next year to full capacity, Tesla won't start generating income for a complete quarter of production on the new model until early 2024.

The estimated hundreds of thousands of prospective consumers who paid $100 to reserve a Cybertruck in one of the most eagerly anticipated and closely watched electric vehicle launches in history would also have to wait another year.

A request for comment from Tesla was not immediately complied with. After climbing as much as 4.3% earlier on Tuesday, Tesla stock was up 0.4%.

It hasn't revealed the Cybertruck's final price, displayed the vehicle in production form, or made clear how it will handle the battery supply for the new design.

Tesla had anticipated an initial price of under $40,000 in 2019, but since then, new car costs have skyrocketed, and Tesla has increased pricing across its lineup.

According to a different source, Cybertruck was made to work with Tesla's highly praised 4680 batteries. However, according to Sam Abuelsamid of Guidehouse Insights, Tesla has not been able to considerably increase the manufacture of its own batteries, which could cause Cybertrucks to be further delayed past the year 2023.

To move to standard 2170 batteries, Tesla may need to radically alter the Cybertruck batteries, he added.

The 4680 batteries are not anticipated to constitute "any limiting constraint for Cybertruck or anything else," according to Musk's statement from last month. He claimed that the battery output was exponentially increasing but made no mention of the production volume.

In a 2019 announcement, Musk unveiled the Cybertruck, showing off its allegedly unbreakable "armour glass" windows having been broken. Since then, the corporation has pushed back the start of production three times, from late 2021 to late 2022, then to early 2023, and most recently to the mid-2023 deadline.

The launch of the Cybertruck will allow Tesla to compete with electric pickups made by companies like Ford Motor Co. and Rivian Automotive, both of whom have introduced versions in still-restricted quantities, in one of the most lucrative U.S. market segments.

A scarcity in component sourcing was the rationale given by Musk in January for delaying the introduction of the Cybertruck until 2023.

Outside of North America, Tesla ceased collecting orders for the Cybertruck in May. The company had "more orders for the first Cybertrucks than we could reasonably fill for three years after the start of manufacturing," Musk claimed at the time.

For a brand-new vehicle like the Cybertruck, automakers frequently ramp up manufacturing gradually.

Analysts have also expressed concern about Tesla's sales, which have so far been unaffected by the global economic downturn as the company has been able to sell every vehicle it produces. According to Musk, the upcoming recession "probably" won't end until the spring of 24.

The 9,000-ton equipment for manufacturing truck parts, made by the Italian business IDRA Group, was packed and prepared for shipping, according to a LinkedIn post last week. This machine will be used to die cast parts for the Cybertruck.

The article omitted Tesla's name. Toyota and other manufacturers have analysed Tesla's use of the Giga Press to reduce the price and complexity of the Model Y's production.

(source : reuters)