Tesla Cybertruck electric pickup is now in production ahead of Q3 deliveries
After months of Cybertruck prototypes spotted on the roads in Texas, California, and as far as New Zealand for the winter testing, Tesla now has its assembly line in Austin ready and has made its first Cybertruck there as a living proof.
The caption reads "First Cybertruck built at Giga Texas!" and what the modest in terms of numbers but big in symbolism achievement means, is that Tesla has all its gigacasting equipment, production line operators, and Cybertruck supply chain ducks in a row.
It could still take a couple of months to ramp up said manufacturing line for true mass production, but the first Cybertruck ready for delivery as soon as mid-July means that Elon Musk may keep his Cybertruck release promise for Q3. He mentioned that Tesla will hold a big Cybertruck launch event towards the tail end of the quarter, likely in September, and that's when we may learn more about its price and specs, as well as the exact delivery date.
Recently, an analyst contradicted Wall Street's consensus that Tesla can only build 160,000 Cybertrucks a year when production ramps, reminding that orders to suppliers stand at 375,000 total annual production at a price of at least US$60,000 per Cybertruck. That number still seems rather inflated, unless it's global manufacturing capacity at full throttle and Tesla starts building the Cybertruck at places other than its Texas Gigafactory.
Still, so far everything with the Cybertruck's production and launch timeframe seems to be going according to plan. Tesla is also preparing to break ground on its newest Gigafactory in Mexico any moment now, and that one is rumored to make Cybertruck components as well, so it will probably contribute to the production ramp.
Moreover, the current 1.8+ million Cybertruck preorder reservations will most likely translate into many times less actual orders when potential customers hear the final Cybertruck price and cut on the two or three reservations they plunked at $100 a refundable pop just in case.