Tesla completes first Cybertruck after years of delays
- by Fox Business
- Jul 16, 2023
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Tesla’s first Cybertruck rolled off the electric vehicle maker’s assembly line in Austin, Texas, after production had been delayed for two years.
Tesla founder and CEO Elon Musk first announced the futuristic-looking electric pickup truck in 2019 at an event that went viral when the vehicle’s designer cracked the truck’s purportedly unbreakable "armor glass" windows during a demonstration.
In the years since the Cybertruck’s unveiling, Tesla has delayed the timing of mass production on several occasions. Last year, Musk cited supply chain shortages affecting the sourcing of components when Cybertruck production was pushed back into 2023. ELON MUSK, GREG ABBOTT CELEBRATE GROUNDBREAKING OF TESLA’S NEW TEXAS FACILITY
Tesla initially announced a projected price of less than $40,000 for its Cybertruck in 2019, but it's unclear what its price will be after years of delays.
(Frederic J. Brown / AFP / File / Getty Images)
Tesla’s plans for putting the Cybertruck into mass production may be discussed when the company releases its second-quarter earnings results on Wednesday.
Earlier this month, Tesla announced that it delivered a record number of vehicles in the second quarter as Elon Musk’s strategy of boosting the company’s sales volume by aggressively discounting prices to stimulate demand paid off. Tesla announced 466,140 delivered vehicles in the second quarter – an increase of 10% from the prior quarter and up 83% from the same period a year ago.
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