Elon Musk, the CEO of Tesla, has recently divulged new details about the highly anticipated Cybertruck. In a compelling interview on the Joe Rogan Experience podcast, Musk revealed that there will be a “beast mode” version of the electric pickup truck available. This version boasts impressive acceleration, capable of going from 0 to 60 mph in under three seconds. Additionally, customers will have the option to purchase bulletproof glass in addition to the standard bulletproof steel panels.
However, Musk also acknowledged the substantial challenges involved in manufacturing the Cybertruck. While the initial design process may have been relatively straightforward, Musk emphasized that the actual production of the vehicle would be “much, much harder.”
Tesla’s Texas factory, which recently held a shareholder presentation, currently has the capacity to manufacture 125,000 units annually. By 2025, Musk hopes to increase this production capacity to a staggering 250,000 units per year.
The first deliveries of the Cybertruck are slated to begin on November 30th, marking a significant milestone for Tesla. However, investors may need to exercise patience before experiencing substantial financial gains from this venture. During Tesla’s third-quarter earnings call, Musk stated that it could take up to 18 months for the Cybertruck to become a “significant cash-flow contributor” for the company.
Despite these challenges, demand for the Cybertruck remains strong. Over 1 million people have already reserved the vehicle, solidifying its popularity among enthusiasts and potential buyers alike.
As of Tuesday’s close, Tesla stock has surged by an impressive 63% in 2023, with premarket trading on Wednesday pointing towards an additional 0.8% increase.
Exciting times lie ahead for Tesla and its loyal fanbase as the arrival of the Cybertruck draws near. Stay tuned for further updates on this groundbreaking electric pickup truck.