Tesla’s CEO says deliveries for the much-awaited pickup truck would begin on Nov 30.
AUSTIN: Tesla CEO Elon Musk on Wednesday warned of difficulties in ramping up production of the automaker’s much-awaited Cybertruck electric pickup truck and announced that deliveries would begin on Nov 30.
The Cybertruck is expected to challenge Rivian’s R1T, Ford’s F-150 Lightning and General Motors’ Chevrolet Silverado EV in the hot market for electric pickup trucks. “We dug our own grave with Cybertruck,” he said on an earnings call after the automaker reported a hit to its margins, partly due to the truck’s production ramp-up.
“I wouldn’t expect Tesla to be selling or producing anywhere ,” said Seth Goldstein, an equity strategist at Morningstar. “But I think that they’re giving us an indication of the capacity they’re going to make available for the Cybertruck as production ramps up.”
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