Tesla has built its first Cybertruck, nearly four years after the concept was initially presented. The company shared a photo on Twitter showing workers in protective vests and helmets, covering a significant part of the vehicle. This long-awaited milestone comes two years after Elon Musk first introduced the wedge-shaped electric pickup truck in 2019.
Musk acknowledged the difficulties associated with Cybertruck production. The radical design and the use of stainless steel make it expensive and challenging to manufacture and weld. This could result in limited availability and a high price tag.
Initially, Tesla announced three configurations of the Cybertruck with different range and price options. However, in October 2021, the company removed pricing and specifications from the pre-order page without providing an explanation. Musk stated that the new information regarding pricing and specifications would be released at a later date.
The launch of the Cybertruck comes amidst the emergence of competitors such as the electric version of the Ford F-150, General Motors’ GMC Hummer EV, and Rivian Automotive’s R1T. Analysts express doubts about the profitability of the Cybertruck and point out the challenges of production optimization and the need for large batteries for towing.
Tesla plans to deliver only 2,000 units of the Cybertruck this year, which represents a small portion of its total deliveries. The financial results for the second quarter will be released on July 19, and investors will be eager for information on the progress of Cybertruck production and its impact on the company’s financial performance.
