Elon Musk Addresses Cybertruck Production Challenges, Promises Easier Production for Next-Generation Tesla
During Tesla's Q3 2023 Earnings Call, Elon Musk Discusses Challenges with Cybertruck Production and Eases Expectations
Tesla’s Q3 2023 earnings call was marked by a strong focus on the eagerly anticipated Cybertruck, with investors and analysts posing numerous questions, primarily related to production challenges for the electric truck.
Elon Musk acknowledged the complexities associated with the Cybertruck’s production and emphasized the need to “temper expectations.” He stated that it will take between one year and 18 months before the Cybertruck becomes a significant, positive cash flow contributor due to the unique challenges it presents during the production ramp-up.
Fortunately, Musk expressed optimism about Tesla’s next-generation platform, which will serve as the foundation for the forthcoming entry-level EV priced at £22,000 and the envisioned robotaxi. He noted that the new platform is designed to be much more straightforward to manufacture.