Categories: EnergyWorld

Tesla builds first Cybertruck after two years of delays

Tesla built its first Cybertruck at the electric-vehicle marker’s plant in Austin, Texas, the company said in a tweet on Saturday, after two years of delays.

Tesla founder Elon Musk introduced the pickup truck in a 2019 reveal where the vehicle’s designer cracked the vehicle’s supposedly unbreakable “armor glass” windows.

The company has pushed back production timing since then and Musk had last year cited shortages in sourcing components as the reason for pushing the launch of Cybertruck into 2023.

In a May shareholder meeting, Musk said that Tesla would like to produce a quarter-million Cybertrucks a year, depending on demand.

The Cybertruck launch will give Tesla an EV entrant in one of the most profitable segments of the U.S. market and a competitor to electric pickups from the likes of Ford Motor(F.N) and Rivian Automotive (RIVN.O), both of which have launched models in still-limited numbers.

Reuters reported last year that Tesla aims to start mass production of Cybertruck at the end of 2023.

Source : Reuters

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

Less focus on poverty reduction? An evaluation of the EU 2028-2034 development aid plan

European Union development aid is emphasising poverty reduction less and directing attention to other geopolitical…

22 hours ago

The impact of the US exit from free trade on trade cooperation elsewhere in the world

The large US tariffs announced in April 2025 led other countries to debate the best…

22 hours ago

Measuring organisational capital from employee reviews

The way firms coordinate activities, motivate employees, accumulate knowledge, and adapt to changing environments evolves…

22 hours ago

When central banks over-deliver, markets listen differently

Financial markets pay close attention to monetary policy, and surprise policy decisions can strongly affect…

23 hours ago

The impact of global versus regional energy shocks on the EU

Not all energy shocks are alike. This column uses a multi-country, multi-sector DSGE model with…

23 hours ago

Regulating platform work where informality matters: The Chilean case

Chile’s 2022 Platform Work Law was the first reform to address concerns about independent contractors…

23 hours ago