Register now for better personalized quote!

Tesla promises Cybertruck production is on track, teases next-gen platform

Jan, 25, 2023 Hi-network.com
Tesla

Tesla's long-awaited Cybertruck "remains on track to begin production later this year at Gigafactory Texas," the electric vehicle company promised Wednesday, in its latest quarterly financial report. 

See also

The 5 best electric cars: Plus, the cheapest EV available

What is the best electric car? The Tesla Model 3 is ZDNet's top pick. We researched the top EV brands and compared their electric car models by factors such as innovation, affordability, energy efficiency, and more. We also found the best cheap electric car and other honorable mentions.

Read now

The assurance comes after years of delays. Tesla first unveiled its electric pickup truck in 2019, prompting more than 250,000 people to pre-order the truck within one week. As of November, more than 1.5 million customers have reserved a Cybertruck, according to Electrek. 

As consumers wait for the Cybertruck, more mainstream car brands are starting to debut their own electric pickups. Back in April, Ford began rolling out the F-150 Lightning. Earlier this month, Ram unveiled the Ram 1500 Revolution, with the promise to begin production in 2024. 

Also: I tried to charge my Tesla with Anker's PowerHouse 767. Here's what happened

Tesla did begin production last year of electric semi trucks, but the company hasn't unveiled a new consumer vehicle model in years. 

In its Q4 report on Wednesday, Tesla added: "Our next generation vehicle platform is under development, with additional details to be shared at Investor Day (March 1 2023)."

Tesla reported record revenues and net income for the fourth quarter of 2022. For the entire year, total revenue grew 51% year-over-year to$81.5 billion, and net income (GAAP) more than doubled to$12.6 billion.

Also: Which Tesla is right for you? The top S, 3, X, and Y models compared

The company also on Wednesday defended its recent aggressive price cuts, acknowledging that selling prices "have generally been on a downward trajectory for many years." 

It continued: "Improving affordability is necessary to become a multi-million vehicle producer."

Tesla is "accelerating our cost reduction roadmap and driving towards higher production rates," it added.

Innovation

I tried Apple Vision Pro and it's far ahead of where I expectedThis tiny satellite communicator is packed full of features and peace of mindHow to use ChatGPT: Everything you need to knowThese are my 5 favorite AI tools for work
  • I tried Apple Vision Pro and it's far ahead of where I expected
  • This tiny satellite communicator is packed full of features and peace of mind
  • How to use ChatGPT: Everything you need to know
  • These are my 5 favorite AI tools for work

tag-icon Hot Tags : Innovation Transportation

Copyright © 2014-2024 Hi-Network.com | HAILIAN TECHNOLOGY CO., LIMITED | All Rights Reserved.