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Tesla’s Musk sees Cybertruck manufacturing delayed to 2023 By Reuters

© Reuters. FILE PHOTO: Tesla’s Cybertruck is displayed at Manhattan’s Meatpacking District in New York Metropolis, U.S., Might 8, 2021. REUTERS/Jeenah Moon

By Akash Sriram and Hyunjoo Jin

(Reuters) -Tesla Inc has delayed manufacturing of its much-awaited Cybertruck, aiming to begin in 2023, chief govt Elon Musk mentioned on Wednesday, at a time when rivals are doubling down on efforts to seize the profitable market.

The announcement confirms a Reuters report from earlier this month and comes because the electric-vehicle maker reported file quarterly income and 2022 deliveries rising greater than 50%, regardless of provide chain points.

Musk, who unveiled the futuristic automobile in 2019, had already delayed its manufacturing from late 2021 till late 2022.

Tesla (NASDAQ:) will put together to launch Cybertruck, Semi and Roadster in addition to its humanoid robotic subsequent yr, he mentioned.

“We won’t be introducing new automobile fashions this yr. It could not make any sense as a result of we’ll nonetheless be components constrained,” Musk mentioned on a name with analysts.

He mentioned extra merchandise “would then require a bunch of consideration and assets on that elevated complexity of the extra product, leading to fewer automobiles truly being delivered this yr.”

Musk mentioned he hopes to provide 1 / 4 million Cybertrucks yearly however attaining this may take time due to a number of new know-how to be launched.

“Batteries will in all probability not be the limiting think about Cybertruck manufacturing,” he mentioned.

“I fear extra about like how can we make the Cybertruck inexpensive regardless of having superior know-how,” he mentioned.

Earlier in January, Reuters reported Tesla delayed its Cybertruck manufacturing because it adjustments options and capabilities within the face of rising competitors within the electrical pickup market.

Tesla, which started making electrical automobiles with the premium sedan, Mannequin S, and later launched a extra inexpensive automotive, the Mannequin 3, has but to launch within the extremely worthwhile pickup truck phase at the moment dominated by fuel-guzzling automobiles from U.S. automakers.

Musk tweeted on Tuesday he has been driving the newest Cybertruck prototype across the new Gigafactory in Austin, Texas, including: “It is superior”.

Ford Motor (NYSE:) Co and Rivian Automotive have raced forward of Tesla in launching electrical pickups. Rivian has began deliveries of its R1T pickup truck, whereas Ford is ready to begin deliveries of its F-150 Lightning electrical pickup in spring this yr.

Normal Motors (NYSE:)’ Silverado electrical pickup, unveiled earlier this yr, will start manufacturing in 2023.

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