Elon Musk announced that full-scale production of Tesla’s eagerly awaited Cybertruck won’t begin until 2024.
Musk was questioned about if the upcoming car would be produced by the mid-2023 deadline that was established in Q2 of last year.
Musk cagily acknowledged that Cybertruck production would begin “sometime this summer,” but came to the conclusion that the polarizing pickup won’t go into mass production until the following year.
“I always try to downplay the start of production,” Musk added. “It increases exponentially, but it is very slow at first.”
Although there was considerable curiosity when Cybertruck was first revealed in 2019, its production has been postponed numerous times.
Pre-production was initially planned to begin in late 2021, but the COVID-19 epidemic caused this to change.
Then a year ago, it was projected to happen sometime in 2023.
However, Musk stated to investors last year that Cybertruck’s specifications and cost “would be different.”
The castings that will be used to create the body of the electric pickup truck have already begun to be installed, according to an announcement from Tesla on wednesday.
The company’s Gigafactory in Austin, Texas, is anticipated to be the primary manufacturing location for the Cybertruck.
Due to the Tesla Cybertruck’s delayed manufacture, the market for electric trucks may already be oversaturated by the time it makes its appearance.
The Indian express reported that popularity of EVs like the F-150 Lightning, Rivian R1T, and RAM 1500 EV may increase, making the Cybertruck face much tougher competition than it would have otherwise.