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.
More Stories
Russian scientist held in Ice jail charged with smuggling frog embryos into US
Elon Musk shows he still has the White House’s ear on Trump’s Middle East trip
Trump agrees deal for UAE to build largest AI campus outside US