Tesla revealed new details about the all-electric Cybertruck during its Q2 2023 earnings call July 19.
Since Tesla unveiled the Cybertruck in November 2019, much has changed. While the automaker initially planned to offer three configurations of the pickup at price points of $39,990, $49,990 and $69,990, Tesla eventually axed these options as details regarding how many motors and pricing remained up in the air.
While no details about plans for configurations or pricing were mentioned, Tesla finally shed more light on what is going on with the project during the call and in its shareholder deck.
Tesla confirmed final validation is ongoing and taking place across the world.
“We are now testing Cybertruck vehicles around the world for final certification and validation," Tesla said. "This might be the most unique vehicle product in decades; with that comes trialing and testing new technologies. As far as we know, Cybertruck will be the first sub-19 ft. truck (fitting into a garage) that has both four doors and 6+ ft. bed. Both technologically and architecturally, this vehicle will break a lot of boundaries---very much in line with how we think about vehicle engineering and manufacturing.
“Cybertruck remains on track to begin initial production later this year at Gigafactory Texas," Tesla added. "In addition, we continue to make progress on our next generation platform.”
One of the most sought-after answers Tesla fans and investors have pleaded for over the past three and a half years is how much the truck will cost and what they will be able to buy after it is released.
Upon the first unit being built at Gigafactory Texas on July 15, speculation has only intensified as many expect the Cybertruck will be delivered to its first customer this quarter, based on comments CEO Elon Musk made in previous calls, where he indicated Q3 was most likely when a Cybertruck delivery event would take place.
Tesla said the Cybertruck “remains on track” for deliveries this year, but did not give a concrete timeline in the shareholder deck. Musk said the Cybertruck would be delivered this year and mass production would start next year, but there were no additional details on pricing or configurations.
The Cybertruck is Tesla’s first attempt at a pickup truck and has accumulated more than 1 million pre-orders since launching nearly four years ago.
Abby Andrews