Tesla Cybertruck production ramp delayed to 2024

Elon Musk said during the company’s fourth-quarter earnings call today that Tesla’s long-awaited Cybertruck won’t see full-scale volume production until 2024.

During the call, Musk was asked if the upcoming vehicle could meet the mid-2023 production target set in the second quarter of last year. Musk has cautiously confirmed that manufacturing of the Cybertruck will begin “sometime this summer,” but has concluded that mass production of the polarized pickup won’t begin until next year. “I always try to downplay the start of production,” Musk said. “It grows exponentially, but very slowly at first.”

The Cybertruck was originally announced in 2019 and received widespread attention, but production was delayed several times. Pre-production was originally scheduled to begin in late 2021, but was delayed due to the COVID-19 pandemic. It was then scheduled for 2023, which was predicted a year ago. Also last year, Musk told investors that the Cybertruck’s specs and pricing would be “different” (read: more expensive).

As a consolation, Tesla said Wednesday it has begun installing the production equipment needed to assemble the Cybertruck, including castings that will produce the body of the electric pickup. The Cybertruck is expected to be manufactured mostly at the company’s Gigafactory in Austin, Texas.

Industry experts have warned that Cybertruck will need to shorten its timeline if it is to have the desired impact. “With the F-150 Lightning, GMC Hummer EV, Rivian R1T, Chevy Silverado EV and RAM 1500 EV likely to follow closely behind, the Cybertruck will hit an increasingly crowded segment of the EV market,” said Edmunds. Insight Executive Director Jessica Cawell said. by email The Verge. “Tesla’s downside is that the Cybertruck almost seems like old news.”

After the reveal of the over-the-top, which introduced an aggressive, post-apocalyptic design, the Cybertruck is still receiving a lot of attention. If Tesla throws more balls of metal around, production may begin.

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