Tesla Cybertruck will begin deliveries next month, but it won’t be profitable for a while

Tesla is to finally begin deliveries of its long awaited Cybertruck electric ute in late November, although it says full production of the radical new concept will not be reached until 2025.

Cybertruck was first unveiled in 2019, and according to Tesla CEO Elon Musk has attracted the interest of more than one million potential buyers. But they will have to remain patient, with capacity currently rated at around 125,000 and full production unlikely to reach 250,000 a year until some time in 2025.

“We dug out our grave with Cybertruck,” Musk said in the company’s earnings call. “It’s one of those special products that comes along only once in a long while.”

Musk further elaborated on why the product’s design has contributed to some of the delays, hinting the utilisation of new and more complex manufacturing methods.

“I just want to emphasize that while I think this is potentially our best product ever, and I think it is our best product ever, it is going to be require immense work to reach volume production, and be cashflow positive at a price that people can afford,” he said.

“It’s a great product, but financially it will take a year to 18 months before it is a significant positive cashflow contributor.”

In recent months, lots of test vehicles have been spotted doing all sorts of real-world testing as more units are produced at Tesla’s GigaTexas factory in Austin. 

In the deck, three Tesla Cybertrucks are seen outside a Tesla building on the back of a Tesla Semi. The heading on the page states: Cybertruck deliveries begin in November 2023”.

Tesla has also shared an official message on the Cybertruck’s X account that showcases the frontal light beam found on the truck as it is surrounded by fog, and confirmed the date to be November 30.  The event will be held at GigaTexas where the utilitarian truck will be produced.