Tesla delays Cybertruck production to early 2023, says source

Tesla plans to produce it at Texas factory

SAN FRANCISCO– Tesla aims to start preliminary production of its much-anticipated Cybertruck by the end of the very first quarter of 2023, pushing back its strategy to begin manufacturing late this year, a person aware of the matter told Reuters on Thursday.

The person said the delay comes as Tesla is transforming attributes and also features of the electrical pick-up to make a compelling item as competition heats up in the segment.

Tesla is expected to make minimal manufacturing of the Cybertruck in the very first quarter of 2023 prior to raising result, the resource claimed.

Tesla did not instantly react to an ask for comment.

Tesla, the globe’s leading electrical vehicle maker, makes electrical sedans as well as sport utility vehicles but has missed out on the pickup truck section, which is profitable and also widely preferred in America.

Ford Motor Co and also Rivian Automotive lead Tesla in launching electric pickups.

Ford stated early this month it will almost double annual production capability for its heated F-150 Lightning electrical pick-up to 150,000 vehicles ahead of its arrival this spring at U.S. dealers.

Ford’s market price breached $100 billion for the very first time on Thursday when Tesla shares dropped 6.7% and also Rivian dropped 7.1%.

Chief Executive Officer Elon Musk, who unveiled the advanced vehicle in 2019, had actually already postponed its manufacturing from late 2021 to late 2022.

Musk has stated he will offer an updated product guidebook on Tesla’s Jan. 26 profits telephone call.

” Oh man, this year has actually been such a supply chain headache & it’s not over!,” he tweeted in late November, when asked about the Cybertruck.

Tesla just recently eliminated a reference to its manufacturing timetable from its Cybertruck order web site. Last month, the internet site stated, “You will certainly be able to finish your configuration as production nears in 2022.” Now “in 2022” has been omitted.

Tesla prepares to create the Cybertruck at its manufacturing facility in Texas, which is expected to begin production of Version Y vehicles early this year.

( Coverage by Hyunjoo Jin in San Francisco; Editing And Enhancing by Peter Henderson as well as Matthew Lewis).