On Wednesday, Tesla made an official announcement through X that the highly anticipated release of the Cybertruck is set to begin on November 30. The initial shipment of these futuristic trucks will be directly handed over to customers at the Texas plant, situated near Austin.
Prior to this, Elon Musk, the CEO of Tesla, hinted at the possibility of limited production initially, with expectations of a significant production increase not likely until 2024. During the presentation of Tesla’s third-quarter financial results on the same day, Musk clarified that the company shouldn’t expect substantial positive cash flow from the electric full-size pickup truck for at least 12 to 18 months.
Tesla’s most recent financial statement for the preceding quarter revealed an adjusted net income of $2.3 billion, reflecting a substantial 37% decline compared to the previous year. This dip is attributed to recent price adjustments made across Tesla’s product range.
Initially introduced as a concept in 2019, the Cybertruck faced production hurdles, causing a delay in its originally scheduled launch in late 2021. These setbacks were a result of modifications to the initial specifications and the incorporation of new technologies.
One of these technologies involves a higher energy-dense battery cell, distinct from the current models in use. Its potential to extend the range beyond Tesla’s initial claims remains uncertain. During the 2019 unveiling of the Cybertruck concept, Tesla promised potential buyers battery options providing more than 250 miles, 300 miles, and 500 miles of range.
Other notable features include a length of 19 feet, allowing the truck to fit in most garages, as well as a top-tier powertrain equipped with four motors.
Upon its 2019 debut, Tesla revealed a starting price of $39,900, but this information was removed from Tesla’s website in 2021, suggesting the possibility of a different starting price once orders are open. Currently, potential buyers can reserve a build slot.