Tesla Reveals Cybertruck Prototype Launch Timeframe and Production Targets

By Kevin Armstrong
Tesla is planning to deliver 375k units of the Cybertruck annually
Tesla is planning to deliver 375k units of the Cybertruck annually
MatthewDR/Twitter

Tesla is now on track to fulfill its commitment to deliver the much-anticipated Cybertruck. According to recent reports by Electrek, the company has shared its production targets and prototype timing with its suppliers, instilling confidence that deliveries will commence by the end of the third quarter in 2023.

From Delayed Launch to Steady Progress

In its communication with suppliers, Tesla revealed a plan to build a staggering 375,000 units of Cybertrucks annually. This figure is a significant leap from Musk's estimate of around 250,000 units per year. However, it's important to note that Tesla will likely reach this production milestone in 2024, once production has ramped up.

Tesla first pulled the covers off the Cybertruck in 2019, with original plans to hit the market in 2021. However, the global pandemic and supply chain disruptions led to multiple postponements. Despite these setbacks, recent updates from CEO Elon Musk show a good progression toward mass production of this futuristic pickup truck.

The Importance of Release Candidates

As per the internal timeline, the first release candidates for the Cybertruck, which are near-final vehicle versions, are slated for August 2023. These candidates represent the last development stage before mass production begins. This critical milestone aligns well with the projected delivery event scheduled for September.

Despite these updates, 1.5 million reservation holders still don't know about the final specs and pricing of the Cybertruck. According to Musk, these details will only be disclosed during the upcoming delivery event.

Tesla's Challenges and Ambitions

From engineering to design, the Cybertruck has been one of the most challenging vehicles for Tesla. Yet, the company's aggressive annual production target reflects its strong ambition to penetrate the electric pickup truck market. As the Cybertruck moves from prototype to production, Tesla is clearly in the driver's seat to revolutionize this segment.

In the recent Investor Day, the latest Cybertruck prototypes were spotted with new features, including a yoke steering wheel design. These design modifications, validated by Musk and Tesla's Chief Vehicle Designer Franz von Holzhausen, provide further evidence that production is imminent.

In the face of high anticipation and industry scrutiny, Tesla is pushing full steam ahead with its Cybertruck program, "Project Everest." The production target of 375,000 units and the expected arrival of release candidates this August paint a promising picture for Tesla's entry into the electric pickup market. With Tesla's record of transforming the EV space, the Cybertruck's launch will undoubtedly be a landmark event in automotive history.

Musk Teases New Model for Early 2025 That Will Use a Mix of Next-Gen and Current Platforms

By Cláudio Afonso

“We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025”. This was one of the key sentences that were part of Tesla’s deck shared on Tuesday directly before its financial results.

Since Reuters’ report a few weeks ago saying Tesla had “scrapped” the highly expected cheaper model— which Elon quickly denied on X —retail and institutional shareholders started asking for more details on Tesla’s product roadmap for 2024 and beyond.

In the earnings conference call, Elon Musk reiterated that Tesla expects to launch the next model in “early 2025, if not late this year”.

“We've updated our future vehicle lineup to accelerate the launch of new models ahead of previously mentioned start of production in the second half of 2025. So, we expect it to be more like the early 2025, if not late this year. “

Over concerns of temporary production halts to update the factories for these new models, Musk said that Tesla will produce new models with certain aspects from their next-generation platform and current models. This will reduce the number of changes needed on production lines and allow Tesla not only to ramp up production faster but also to get the vehicles to market quicker.

Model Y Redesign

Tesla appears to hit that their next-gen vehicle will be less “next-gen” than they were initially aiming for, but to get a new vehicle out the door by late 2024, the process would already have to be in motion. Tesla may likely be referring to the redesigned Model Y, which is expected to reuse many parts from the new Model 3. Earlier this year, Tesla said that the redesigned Model Y will not be released this year, so it makes sense that they’re looking to speed up that production.

Tesla CEO concluded by saying that these measures will allow Tesla to reach a capacity of over 3 million units. Tesla produced 1.84 million vehicles in 2023. However, this year they’re ramping up Cybertruck production and introduced the new Model 3 into new markets.

And we think this should allow us to get to over 3 million vehicles of capacity when realized to the full extent.

Tesla reported on Tuesday its earnings results followed by a conference call where it teased its upcoming Robotaxi and its next-generation platform saying its “purpose-built Robotaxi product will continue to pursue a revolutionary ‘unboxed’ manufacturing strategy”.

Earlier in the day, Tesla announced the new Performance variant of its sedan Model 3 with deliveries in the United States starting already next month. The new version starts at $45,490 (after applying the $7,500 Federal EV tax credit) and goes from 0 to 60mph in 2.9 seconds.

Tesla on FSD: Close to License Deal With Major Automaker, Announces Miles Driven on FSD v12

By Cláudio Afonso

On Tuesday Tesla reported its earnings results followed by a conference call that brought several updates on the company’s roadmap for future vehicles, autonomous driving, Optimus and much more.

While answering a question from Goldman Sachs analyst Mark Delaney about updates on the licensing of Tesla’s Full Self-Driving (FSD) technology, Elon Musk said they’re talking to one major auto manufacturer and there’s “a good chance” the company signs the first deal before year-end. However, he went on to say that it would probably be three years before the necessary changes are integrated into the car.

I think we have a good chance we do sign a deal this year

Brings Benefits to Tesla

The technology would require other automakers to start using the same cameras and hardware as Tesla, meaning that Tesla may not only generate money from licensing FSD but also from selling the hardware itself. However, there would be other benefits as well. When licensing FSD, Tesla would likely own the data gathered with the system well, further helping them with data and edge cases that need to be solved to reach full autonomy.

people don't understand all cars will need to be smart cars… Once that becomes obvious, I think licensing becomes not optional.

Tesla’s Chief Financial Officer Vaibhav Taneja commented pointing out that future partners “take a lot of time in their product life cycle” resulting in a gap between the deal signing and the arrival in the market of Tesla’s FSD software.

Miles Driven With FSD

On the conference call, Musk added that Tesla now has over 300 million miles that have been driven with FSD v12 since it was launched just last month. He added that it's becoming “very clear that the vision-based approach with end-to-end neural networks is the right solution for scalable autonomy”.

Tesla said it will continue to increase its “core AI infrastructure capacity in the coming months” adding that in the first quarter, it completed the transition to hardware 4.0 with China now receiving the upgraded FSD computer and cameras.

Over the weekend, Tesla reduced the price of FSD dropping it from $12,000 to $8,000 for customers in the United States and from CA$16,000 to CA$11,000 in Canada.

Earlier this month, Tesla implemented a 50% price reduction for FSD subscriptions in the U.S. and introduced the subscription model in Canada at a great value of CA$99 per month.

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