Tesla CEO Elon Musk announced (July 21) that he will release his Cybertruck in 2023. It should be noted that earlier Musk announced several dates, but the car has not been released yet.
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Speaking to investors on July 20, Musk noted that he is very impressed with the Cybertruck and considers it the company’s “best product.” Electric vehicle company Cybertruck — which Musk called an “armored machine from the future” — first unveiled in 2019, but when the product will arrive is still unknown, as the company has repeatedly pushed back the release date. In January of this year, Tesla announced that the car will be released in 2022, but soon the date was removed from the official website.
“We expect to be able to launch the Cybertruck in the first half of next year,” Musk said Wednesday. “We’re excited about this product. It really could be our best product yet.”
The company plans to manufacture the car at a giant plant in Austin, Texas, and as Musk noted, Tesla has been preparing this plant for the launch of the Cybertruck for a long time.
“We’re bringing a whole new level of simplicity and manufacturing excellence to the Cybertruck and other future products,” Musk said.
Tesla has not officially announced how many Cybertruck pre-orders they have received. According to online calculations, this number reaches 1.5 million. Tesla asks customers to pay $100 to reserve the model. This money will be returned to them after the purchase.
In May, the company already stopped accepting orders in Europe and Asia, and now it is only available for pre-order in North America. At the time, Musk said that Tesla has so much demand for the first Cybertruck that it will probably be able to fully satisfy it only in the next three years after the start of production.
The tech billionaire’s Cybertruck announcement may be an attempt to distract from Tesla’s second-quarter results. According to the results, which were also published on Wednesday, the company reported a decline in revenue for the first time in its history. Tesla also said it converted 75% of its own bitcoins for $936 million, which, given Musk’s strong support for the cryptocurrency, is also odd.