CEO warned it would take a year to 18 months to make the vehicle a significant cashflow contributor
Tesla is set to start deliveries of its long-delayed, much-hyped Cybertruck electric pickup on Thursday after its CEO, Elon Musk, tempered investor expectations, citing problems in ramping production of what he called a “radical” product.
Cybertruck, Tesla’s first new model in nearly four years, is critical to its reputation as a maker of innovative vehicles. At a time when the company is battling softening electric vehicle (EV) demand and rising competition, Cybertruck is also key for generating sales, though not to the extent of the company’s high-volume Models 3 and Y.
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