© Reuters. FILE PHOTO: The emblem of automotive producer Tesla is seen at a dealership in London, Britain, Might 14, 2021. REUTERS/Matthew Childs/File Photograph
By Hyunjoo Jin
SAN FRANCISCO (Reuters) – Tesla (NASDAQ:) Inc goals to start out preliminary manufacturing of its much-anticipated Cybertruck by the tip of the primary quarter of 2023, pushing again its plan to start manufacturing late this yr, an individual accustomed to the matter instructed Reuters on Thursday.
The individual stated the delay comes as Tesla is altering options and features of the electrical pickup to make a compelling product as competitors heats up within the section.
Tesla is predicted to make restricted manufacturing of the Cybertruck within the first quarter of 2023 earlier than growing output, the supply stated.
Tesla didn’t instantly reply to a request for remark.
Tesla, the world’s high electrical automotive maker, makes electrical sedans and sport utility autos however has missed out on the pickup truck section, which is worthwhile and vastly well-liked in America.
Ford Motor (NYSE:) Co and Rivian Automotive are forward of Tesla in launching electrical pickups.
Ford stated early this month it’s going to almost double annual manufacturing capability for its red-hot F-150 Lightning electrical pickup to 150,000 autos forward of its arrival this spring at U.S. sellers.
Ford’s market worth breached $100 billion for the primary time on Thursday when Tesla shares fell 6.7% and Rivian slumped 7.1%.
CEO Elon Musk, who unveiled the futuristic automobile in 2019, had already delayed its manufacturing from late 2021 to late 2022.
Musk has stated he’ll present an up to date product street map on Tesla’s Jan. 26 earnings name.
“Oh man, this yr has been such a provide chain nightmare & it isn’t over!,” he tweeted in late November, when requested in regards to the Cybertruck.
Tesla lately eliminated a reference to its manufacturing schedule from its Cybertruck order web site. Final month, the web site stated, “It is possible for you to to finish your configuration as manufacturing nears in 2022.” Now “in 2022” has been omitted.
Tesla plans to supply the Cybertruck at its manufacturing unit in Texas, which is predicted to start out manufacturing of Mannequin Y automobiles early this yr.
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