The first deliveries of the eagerly anticipated EV will begin on November 30.
This Extremely Rare Ford GT40 Mk I Press Car Is Now up for Grabsmay be just over a month away, but there are still some serious production difficulties that need to be solved.
The EV maker announced during its third-quarter earnings call on Wednesday that its latest vehicle will finally launch on November 30, more than four yearsDucati’s Multistrada Now Comes as a 180 HP Superbike—Here’s Everything We KnowTesla During the call, Musk explained that the vehicle’s unique design, which has long been its most controversial element, has made it difficult to scale up production. This doesn’t come as a complete shock, since the executivethat the Cybertruck wouldn’t be ready for “volume production” until 2024. Musk now says it will take 18 months for the production line to be working at full capacity—at which point it will be able to build 250,000 vehicles per year—pushing that target back to 2025.
“When you’ve got a product with a lot of new technology or any brand-new vehicle program, especially one that is as different and advanced as the Cybertruck, you will have problems proportionate to how many new things you’re trying to solve at scale,” Musk told investors.The Cybertruck may need time to succeed, but it remains to be seen if it will achieve it. The vehicle’s arrival comes at a tenuous time for the company. Tesla is still the dominant EV maker in the U.S.
Tesla’s market share isn’t the only thing shrinking. In Wednesday’s call, the company also revealed that its gross profit has declined 22 percent year over year,Ducati’s Multistrada Now Comes as a 180 HP Superbike—Here’s Everything We KnowTeslaComposer Claudio Simonetti Breaks Down His Scores For ‘Suspiria,’ ‘Deep Red’ and ‘Dawn of the Dead’ Ahead of Nationwide ‘Demons’ Tour
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