Tesla Postpones Cybertruck Production Until 2023

Tesla CEO Elon Musk confirmed Wednesday, January 26th that production for the Cybertruck, Semi or Roadster will not begin in 2022. The company instead will direct its attention towards existing models currently being manufactured.

According to Musk, introducing a new Tesla model would negatively affect production output, thereby causing a decline in profits. In 2021, the automaker did not release any new models for this same reason. Tesla, much like the rest of the automotive industry, has been impacted by customers’ high demand for new vehicles with limited inventory due in part to the microchip shortage.

RELATED: General Motors Announces $7 Billion Investment in Four EV Battery Factories

While battery cells are not an issue to Cybertruck’s production, it does have a lot more technology that requires perfecting before regular consumers can get behind the wheel of one. This, as well as keeping it as affordable as possible, with an MSRP of approximately $40,000.

According to Musk, the company will be utilizing 2022 to begin the engineering and tooling process on the Cybertruck, as well as the Semi and Roadster before hopefully making it to the production floor in 2023.

Even though the Cybertruck is certainly a long-awaited model the company hopes to launch on time, Musk says that the most important product in development is the humanoid robot AI named “Optimus” that they teased in 2021.

RELATED: Intel to Invest $20 Billion to Alleviate Microchip Shortage for Auto Industry

Read More from PowerNation

You Might Also Like