Tesla released its third-quarter financial report for fiscal year 2023. Tesla CEO Elon Musk announced the latest progress of the electric pickup truck Cybertruck.
The Cybertruck electric pickup truck has more than 1 million orders, and the delivery date and location of the vehicle have been determined: the delivery ceremony of the first batch of models will be held at the Gigafactory in Texas, USA, on November 30 and will be held at the Gigafactory in Texas next year. The factory is fully operational.
Elon Musk said: “A lot of people will be excited about Cybertruck, including me. I drove the car and it is an amazing product. I need to emphasize that there are huge challenges in achieving mass production and positive cash flow, which It’s a normal thing. Cybertruck will be the best product we’ve ever made.”
At the same time, he also mentioned that the car is gradually ramping up its production capacity, hoping to achieve a “relatively low” cost. Elon Musk revealed that it will take one to one and a half years for the Cybertruck to contribute to cash flow. The current goal is to mass produce 250,000 Cybertrucks per year, but Elon Musk does not think it will reach this speed next year. “Sometime in 2025.”
It was previously reported that Bloomberg stated earlier this month that the reason for the delayed delivery of the Tesla Cybertruck was that the stainless steel body provided by supplier Outokumpu was too heavy, which affected the vehicle’s battery life, ultimately leading to delivery delays.
Tesla has previously stated that the three-motor Cybertruck can have a range of 500 miles when fully charged, but the engineering team believes that it is difficult to meet this range expectation with the existing stainless steel material.
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