A sketch of a two-door Cybertruck can be found at the Peterson Automotive Museum
The Tesla crowd of enthusiasts has eyes everywhere. Twitter user @MissJilianne caused quite a stir after visiting the Peterson Automotive Museum in Los Angeles, which recently opened a new Tesla exhibit. The Model S Plaid owner and FSD Beta tester posted a few pictures of her visit, including some artwork at the Cybertruck display.
The artistic design shows the Cybertruck in a two-door version. Miss Jilianne asks: Are we not going to talk about the beautiful artwork of a two door Cybertruck displayed at the @Petersen_Museum Tesla exhibit?
Her tweet generated discussion on social platforms and Tesla blogs, and it had mixed reactions. @KounisTou tweeted: It's not only that, but it has a totally different, dare I say better looking? A-pillar design with a wraparound windshield like early Semi prototype. Looks great. Except maybe that it looks a bit too much like a Lamborghini.
That may be the biggest clue to this spectacular piece of art. Franz von Holzhausen, Tesla's chief designer, is a huge fan of the “wedge” design. He grew up with Lamborghini Countach posters on his wall. Other responses to the picture believe it is the origin of the piece of art. It is likely an early sketch of what the Cybertruck could look like, and there were likely several. Given von Holzhausen’s love for the Countach, this is quite likely an early concept he was sketching out.
Elon Musk has publicly stated his support for a smaller truck. On November 24, 2019, he tweeted: Long term, it probably makes sense to build a smaller Cybertruck too.
However, the four-door version is due in 2023. CNBC interviewed von Holzhausen right in front of the Cybertruck. He stated, “Cybertruck will look, for all intents and purposes, just like the one behind us, maybe slightly smaller, a few percentages, but in general, this is what the truck will look like.”
Still, the designer did say something else during that interview that leaves the door open for a possible two-door Cybertruck. The creative mind behind the Model S, 3, X, Y, Semi and Cybertruck was asked to pick a favorite. His response was, "My favorite one is the one that is coming. I can't talk about (it).”
For a man that loves sports cars, it was believed that he was referring to the second-generation Roadster. Maybe he is referring to a smaller Cybertruck that looks a lot like those wedge cars that inspired him to become a car designer.
Tesla has a history of providing sketches to early reservation holders of their vehicles. It waits to be seen whether Tesla will do the same for the Cybertruck when deliveries start next year.
Below you'll find other sketches that Tesla provided to Model S, 3 and X reservation holders.
Model S Sketch
An early sketch of the Model S that was given to owners
Model 3 Sketch
A sketch of the Model 3 was given to owners who reserved the vehicle on the first night
Model X Sketch
An early sketch of the Model X that was initially given to owners of the Model X
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Tesla's fourth quarter and 2022 earnings call with investors was mostly good news unless you were planning to drive a Cybertruck soon. While company executives eagerly jumped on every question asked by investors, there was a noticeable pause when a point-blank question was asked about Cybertruck's mid-year production date.
Elon Musk responded "um, we do expect production to start, I don't know, maybe sometime this summer. But I always like to try to downplay the start of production because the start of production is always very slow. It increases exponentially, but it's always very slow at first. So I wouldn't put too much thought in start of production."
Volume Production Next Year
If the millions of people with Cybertruck reservations were in attendance, you might have felt the air leave the room. The previous belief was mass production would start by the end of 2023. There may be some stainless-steel beauties on the road by then, but only a few. "It's kind of when does volume production actually happen, and that's next year," said Musk.
Perhaps sensing some disappointed buyers, Lars Moravy, Tesla's Vice President of Vehicle Engineering added, "(I'd) like just to emphasize on that, we've started installation of all the production equipment here in Giga Texas, castings, general assembly, body shops. We built all our beta vehicles, some more coming still in the next month, but as you said, the ramp will really come 2024."
The Cybertruck Will be Elon's Next Car
Cybertruck was originally announced in 2019 at the memorable event that included the unbreakable armor glass smashing. Musk was wearing the smashed glass Cybertruck t-shirt while taking questions from investors. While the wait continues, he is adamant that it will be worth it, "So it's an incredible product. I can't wait to drive it personally. It will be the car that I drive every day… it's just one of those products that only comes along once in a while, and it's really special."
The original release deadline was set for 2021. However, the production date has been delayed due to unforeseen circumstances, like a global pandemic. Nevertheless, it is a positive sign that beta vehicles have been produced. Images of what appears to be a Cybertruck were leaked a few months ago.
Recently, chief designer Franz von Holzhausen did confirm that the Cybertruck was ready for production, but it's a work in progress. Every Tesla beta product gets thoroughly examined and meticulously reviewed before the next step. But at least it's a step in the right direction.
Tesla set new records in production and deliveries while beating analyst expectations.
Tesla published their Q4 2022 and full-year financial results, setting new records in production and deliveries while beating analyst expectations. Tesla’s annual profit rose to $12.6 billion in 2022, from $5.5 billion in 2021. Annual revenue rose to $81.5 billion, from $53.8 billion the year prior. Tesla reported fourth-quarter revenue of $24.32 billion beating analysts' $24.07 billion estimate. The automaker also reported earnings per share of $1.19 beating analysts' $1.12 estimate.
Tesla’s stock rose more than 5% in after-hours trading following the earnings release and surged more than 10% the next day.
Tesla's Q4 2022 revenue set a new record for the company, up 59% from a year earlier. In addition to automotive revenue of $21.3 billion, Tesla recognized $324 million of deferred revenue from the company’s driver assistance systems.
FSD Beta Numbers
Tesla reported that 90 million miles have now been driven with FSD Beta, up from 58 million miles in the previous quarter. The company also confirmed that they have about 400,000 FSD Beta users in North America, a sizeable increase since the last report. With such a steep increase in miles driven and FSD Beta becoming widely available in North America, Tesla is making significant progress with its autonomous driving software.
In late 2022 and into this year, Tesla began cutting prices on its cars globally. Elon spoke about how recent price cuts have fueled a surge in demand for Tesla: “Thus far in January we’ve seen the strongest orders year-to-date than ever in our history. We’re currently seeing orders of almost twice the rate of production.” He added: “These price changes really make a difference for the average consumer.” Tesla acknowledges that average sales prices have to decrease over time because affordability is part of Tesla's mission to grow into a company that sells multiple millions of cars annually.
Price cuts will impact profitability, but margins should remain healthy, Tesla CFO Zach Kirkhorn affirmed. Tesla has wider operating margins than the industry average, which allows them to make such price cuts.
Elon issued an uncertain forecast for 2023, saying Tesla planned on 1.8 million vehicles for the year without specifying whether that was a target for production or deliveries. If the company were to deliver 1.8 million vehicles in 2023, that would result in 37% annual growth.
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