Tesla says its first production Cybertruck electric pickup has rolled off the assembly line, nearly two years behind the original schedule.
The company tweeted a photo on Saturday showing scores of workers in helmets and yellow vests surrounding the truck.
“First Cybertruck built at Giga Texas!” Tesla tweeted, including a cowboy hat-wearing emoji. Owner Elon Musk retweeted the post.
Musk unveiled the truck in late 2019, and Tesla had said production would start in late 2021, although the company has since cautioned that production would begin slowly and in smaller numbers than Tesla's other vehicles.
With its wedge shape and stainless-steel body — which Tesla calls the exoskeleton — the Cybertruck looks nothing like a traditional pickup. Some analysts have panned it as a niche product that won't have broad appeal.
Musk said in April that the company expected to deliver the first truck probably in the July-through-September quarter. He said that as with other new products, production would start slowly and then speed up.
“It takes time to get the manufacturing line going,” he said, “and this is really a very radical product. It’s not made in the way that other cars are made. So let’s see.”
The truck's 2019 unveiling veered off course when a window that was touted as unbreakable was spider-cracked when hit by a big metal ball, which prompted an expletive from Musk.
Tesla originally said it would make three versions of the truck, ranging from about $40,000 to $70,000. Later the company removed prices from the page where customers can decide whether to plunk down $100 and place an order.
Competitors have rushed into the electric truck market, including the Ford F-150 Lightning and Rivian Automotive's R1T. Both look like conventional pickups.
Tesla is scheduled to report second-quarter financial results on July 19.
Cust2Mate is a leading innovator in retail technology, aiming to revolutionize the shopping experience. By implementing smart cart technology, the tech company addresses the issue of theft while enhancing the shopper's journey.
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
As we head into the second quarter, there’s an argument in favor of buying Boeing stock. Why? As one expert says, ‘there’s nowhere else to get planes.’
With inflation and prices still on the rise, it might be worth considering a carpool app. One of them, Singapore-based Ryde, just went public in the U.S.
Full Glass Wine Co., the company behind Bright Cellars, Wine Insiders, and Winc, knows you fell in love with home delivery during the pandemic – and it’s investing millions into making it even better.
It might sound counterintuitive, but the Fed cutting interest rates three times this year could cause inflation to spike and actually be worse for markets and the economy as a whole.