ARK Invest analyst Sam Korus predicted based on early data from Google Trends that the Cybertruck all-electric pickup may become as mainstream as the Tesla Model Y.
Since its launch, the Cybertruck has been delayed several times due to multiple revisions and related supply chain issues. The car was originally planned to go on sale in late 2021, but at Tesla’s annual shareholder meeting in August 2022, Musk confirmed that the car would go on sale in 2023.
Originally, Tesla planned to start mass production of the Cybertruck by the end of 2021. But at the end of January this year, Musk said in the earnings conference call for the fourth quarter of 2022 that the Cybertruck will be produced in limited quantities starting this summer. He also pointed out that the Cybertruck will start mass production in 2024, later than previously expected in late 2023.
On April 19 this year, Tesla stated in its first-quarter financial report that it will still start production of Cybertruck at the Texas Gigafactory later this year as planned, and continue to make progress on the next-generation vehicle platform.
On the same day, Musk said that the Cybertruck delivery event will be held in the third quarter of 2023. Musk didn’t give an exact delivery date, but he later said Cybertruck deliveries should be “around the end of the third quarter,” which would be the end of September.
Cybertruck’s unique shape and superior performance have won the favor of many consumers. At the last shareholder meeting, Musk estimated that the company could sell between 250,000 and 500,000 Cybertrucks a year.