Production of the Tesla Cybertruck finally begins in Texas

Tesla originally said it would sell the Cybertruck in three configurations:

• Prices start at $39,900 for single-motor versions with more than 250 miles of range.
• Starting at $49,900, it’s a dual-motor model with a range of over 300 miles.
• Pricing starts at $69,900 for a tri-motor with a range of 500 miles or more.

But in October 2021, the company removed the price and specs from Cybertruck’s ordering page without explanation.

When asked about the latest specs and pricing in April, Musk was reluctant, saying Tesla would save that information for a Cybertruck delivery event it hopes to hold near the end of the third quarter.

Since Tesla unveiled the vehicle at an event where a supposed bulletproof glass demonstration went awry, ford motor. Introducing the electric version of the best-selling F-150. general motors began selling the GMC Hummer EV pickup, and Rivian Automotive launched the R1T truck.

Deutsche Bank analyst Emmanuel Rosner expects Tesla to deliver 2,000 Cybertrucks this year, but that’s just a fraction of the 1.78 million total he expects. In a June 26 report, he questioned whether the product would boost the company’s profitability, citing difficulties in optimizing production and the need for large battery packs to enable towing. presented.

“This could create even more headwinds,” said Rosner, who has a buy valuation on Tesla stock with a $260 price target. stock It closed Friday at $281.38, up 128% so far this year.

Tesla will report second-quarter earnings on July 19.