Exciting Update on Tesla Cybertruck Delivery Date – Prepare for Surprising News!

Tesla Cybertruck deliveries, initially delayed for several years, are finally set to commence on November 30th. The Cybertruck is a remarkable accomplishment due to its distinctive design and the need to construct its components and manufacturing process from scratch. However, the obstacles faced during its development are expected to persist for Tesla. During an earnings call on October 18th, Elon Musk urged customers and shareholders to manage their expectations, highlighting that while the Cybertruck is Tesla's finest product to date, achieving high production volumes and ensuring positive cash flow while maintaining an affordable price will require substantial efforts.

A million people have already pre-ordered the Cybertruck. However, Tesla is still 18 months away from achieving their production goal of 250,000 Cybertrucks per year. Thus, it is unlikely that there will be a significant number of Cybertrucks on the road by 2024. Additionally, once the production goal is reached, Tesla will need to handle a backlog of pre-orders dating back to 2019.

Tesla has also decided to abandon the original starting price of $39,000 for the Cybertruck, a fact that has been known since last year. The new pricing will be revealed on November 30th, and speculation on the price is currently unfounded. Due to the unique nature of the Cybertruck, it cannot be compared to other electric trucks, such as the $73k Rivian R1T or the $50k Ford F-150 Lightning, in terms of price. Furthermore, customers may face high maintenance costs for certain components of the Cybertruck, such as the exceptionally large windshield wiper, which could be costly to replace.

Investors expressed concern following Tesla's October 18th earnings call. The stock saw a 6% decline in pre-market trading the next morning, though the underperformance cannot be solely attributed to the Cybertruck. Business Insider reported that Tesla fell short of revenue expectations and disclosed an adjusted earnings per share (EPS) of $0.66, slightly below the estimated $0.74.

With Elon Musk now managing expectations, Tesla has until 2025 to achieve its goal of producing 250,000 Cybertrucks annually. Considering Musk's tendency to set lofty targets, there is a reasonable chance of a delay in reaching this production milestone. However, Tesla already boasts a capacity of "125,000 Cybertrucks" at Gigafactory Texas, putting the 2025 target of 250,000 units per year within the realm of possibility.

Source: Tesla via The Verge & Business Insider