Musk’s Annual Unit Sales Estimate: 250k-500k
It’s been almost four years since the Tesla Cybertruck first made its debut, and the infamous “smashed windows” incident that followed. After two years of waiting, Tesla has finally released the first production model of the electric pickup truck at its factory in Texas. This marks a major milestone for the company as it continues to build out its electric vehicle lineup.
Tesla took to Twitter to share the exciting news: “First Cybertruck built at Giga Texas!” However, no further details were provided, including the final specs and pricing. Despite this, Elon Musk had promised back in 2020 that deliveries of the vehicle would commence in mid-2023.
The first exemplar of the Cybertruck has rolled off the production line at Tesla’s Giga Texas facility! Behold the amazing visual soon to be seen on many roads in the near future. Check it out on Twitter – #Cybertruckpic.twitter.com/ODRhHVsd0t
The absence of an electric pickup truck out there on the market had been noticeable for quite some time; yet, recently, new competitors such as the Ford F-150 Lightning and GMC Hummer EV have now come into view. Despite this, the Hummer is contending with scarcity of vital components like microchips due to heavy call for them.
An EV startup company called Rivian has drafted into the competition with their R1T vehicle. According to the 2023 US Electric Vehicle Experience (EVX) Ownership Study from JD Power, the R1T has surpassed Tesla’s Model 3 and Model Y in terms of owner satisfaction within the premium EV market segment.
All of the discussed EVs will receive entry to Tesla’s 12,000 Superchargers for the United States and Canada by 2024, with the models adopting Tesla’s North American Charging Standard (NACS) connector a year later. Additionally, Volvo, as well as its performance subsidiary Polestar, are planning to follow suit with this NACS system.
Despite Musk’s optimism on the potential sales of the Cybertruck, ranging from 250,000 to 500,00 units per annum dependent on the interest, it has been reported that the truck already boasts over 1.5 million pre-orders. Although, certain Analysts speculate that, despite the extensive pre-order set, it might be a slow seller.
It will be captivating to examine how the bold-appearing Cybertruck works to recover lost ground.