Tesla has officially confirmed that the first customer deliveries of its much-anticipated electric Cybertruck will commence on November 30. This revelation came during a call to unveil Tesla's third-quarter financial results, putting to rest a four-year wait that has kept eager customers on the edge of their seats.
Tesla CEO Elon Musk had previously hinted at Cybertruck deliveries beginning in the third quarter of this year, a goal that was not met. However, the latest disclosure from the automaker assures those who have reserved a Cybertruck – reportedly in the millions – that their wait is nearly over, and production is now a reality.
According to Tesla's financial reports, the Cybertruck is presently in a pilot production phase, with the capacity to manufacture up to 125,000 units at the Texas Gigafactory. Musk expressed his ambitions for the future, stating his hope that Tesla will eventually have the capability to produce as many as 250,000 Cybertrucks annually. However, this ambitious production target is not expected to be realized until 2025.
Despite the impending deliveries, Tesla has yet to reveal the pricing details for the Cybertruck. Initially announced in late 2019, the vehicle was said to start at $39,900, with a mid-range variant at $49,900, and a flagship tri-motor model priced at $69,900. However, these price points vanished from Tesla's website in 2021, and no official pricing information has been provided since. Production specifications for the Cybertruck remain shrouded in secrecy as well.
Speaking to analysts and investors, Musk acknowledged that it may take up to 18 months before the Cybertruck becomes a financially positive contributor to the company. He stated, “I just want to temper expectations for Cybertruck. It's a great product, but financially, it will take a year to 18 months before it is a significant, positive cash flow contributor. I wish there was some way to be different, but that's just my best guess. So I just want to emphasize that, one, I think this is potentially our best product ever… [but] it's going to require immense work to reach value production and be cash flow positive at a price that people can afford.”