EXCLUSIVE: Tesla aims to start initial production of its Cybertruck by the end of the first quarter of 2023, pushing back its plan to begin production late this year. The delay comes as Tesla is changing features and functions as competition heats up
Ford said early this month it will nearly double annual production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles ahead of its arrival this spring at U.S. dealers.
Ford's market value breached $100 billion for the first time on Thursday when Tesla shares fell 6.7% and Rivian slumped 7.1%.CEO Elon Musk, who unveiled the futuristic vehicle in 2019, had already delayed its production from late 2021 to late 2022."Oh man, this year has been such a supply chain nightmare & it's not over!," he tweeted in late November, when asked about the Cybertruck.
Tesla recently removed a reference to its production schedule from its Cybertruck order website. Last month, the website said, "You will be able to complete your configuration as production nears in 2022." Now "in 2022" has been omitted. Tesla plans to produce the Cybertruck at its factory in Texas, which is expected to start production of Model Y cars early this year.Reporting by Hyunjoo Jin in San Francisco Editing by Peter Henderson and Matthew LewisSubscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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