• Musk cagily acknowledged that production of the contentious pickup will not begin until next year.
• Tesla revealed that it has begun installing production equipment for the Cybertruck’s assembly.
• Industry experts said that to compete in the rising market, Tesla must accelerate Cybertruck manufacturing.

Elon Musk indicated during the company’s fourth-quarter results call earlier today that Tesla‘s long-awaited Cybertruck will not reach mass production until 2024.

Musk was asked during the event if it will fulfill a mid-2023 manufacturing target set in Q2 of 2022. Musk cagily acknowledged that production of the contentious pickup will begin “sometime this summer,” but full production will not begin until next year.

Musk remarked: “I always try to downplay the start of production.” It increases exponentially, but it is very slow at first.

According to an estimate published a year ago, it was then scheduled for sometime in 2023. Furthermore, Musk informed investors last year that the Cybertruck will be more expensive and will use different technology than was originally anticipated.

As a consolation, Tesla revealed on Wednesday that it has begun installing production equipment for the Cybertruck’s assembly, including castings for the electric pickup’s body.

Industry experts have told Tesla that in order to compete in the rising market, it must accelerate Cybertruck manufacturing. Jessica Cawell, Edmunds’ senior director of insights, told The Verge:

Industry experts have told Tesla that in order to compete in the rising market, it must accelerate Cybertruck manufacturing. Jessica Cawell, Edmunds’ senior director of insights, told The Verge:

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“Cybertruck will enter an increasingly crowded EV market alongside the F-150 Lightning, GMC Hummer EV, Rivian R1T, and likely the Chevy Silverado EV and RAM 1500 EV.” The downside for Tesla is that the Cybertruck almost seems like old news.