Musk Says Tesla (TSLA) Will Start Selling Cybertruck Next Year

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Musk Says Tesla (TSLA) Will Start Selling Cybertruck Next Year

StreetInsider2022-04-08

Elon Musk hosted a “Cyber Rodeo” on Thursday, an opening ceremony for Tesla’s (NASDAQ: TSLA) new $1.1 billion plant in Austin, Texas.During the event, Musk spoke about the factory’s capacity and ...

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·2022-04-09
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He said Tesla plans to produce 500,000 Model Y vehicles per year in the newly-opened factory and expects to begin selling its much-anticipated Cybertruck next year. “In trailing twelve months, we’ve delivered over a million cars worldwide,” Musk said. “There’s still a long way to go.”He said that Tesla’s scale is becoming so big that these volumes \"no company has ever achieved in the history of humanity.”But it wouldn’t be surprising to see Tesla make changes to its timelines, particularly during this period when global automakers are facing significant chip shortage issues and higher raw material prices as a result of the ongoing war in Ukraine. The automaker also said it plans to expand access to its Full Self-Driving (FSD) software, which costs $12,000, to a wider user base.“We’re aiming to go to wide beta for almost all Full Self-Driving customers in North America this year,” Musk said. While Tesla does not produce self-driving vehicles, it developed a driver assistance software named Full Self-Driving. The program is still in its beta phase and is available to a select group of customers and employees. A few days ago, Twitter CEO Parag Agrawal announced that Musk will be joining Twitter’s board of directors after he purchased a 9.1% activist stake in the social media giant. 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