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Exclusive-Tesla delays initial production of Cybertruck to early 2023 -source

By Hyunjoo Jin SAN FRANCISCO (Reuters) - Tesla (NASDAQ:TSLA) Inc aims to start initial production of its much-anticipated Cybertruck by the end of the first quarter of 2023,...
Exclusive-Tesla delays initial production of Cybertruck to early 2023 -source © Reuters. FILE PHOTO: The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo

By Hyunjoo Jin

SAN FRANCISCO (Reuters) - Tesla (NASDAQ:TSLA) Inc aims to start initial production of its much-anticipated Cybertruck by the end of the first quarter of 2023, pushing back its plan to begin production late this year, a person familiar with the matter told Reuters on Thursday.

The person said the delay comes as Tesla is changing features and functions of the electric pickup to make a compelling product as competition heats up in the segment.

Tesla is expected to make limited production of the Cybertruck in the first quarter of 2023 before increasing output, the source said.

Tesla did not immediately respond to a request for comment.

Tesla, the world's top electric car maker, makes electric sedans and sport utility vehicles but has missed out on the pickup truck segment, which is profitable and hugely popular in America.

Ford Motor (NYSE:F) Co and Rivian Automotive are ahead of Tesla in launching electric pickups.

Ford said early this month it will nearly double annual production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles ahead of its arrival this spring at U.S. dealers.

Ford's market value breached $100 billion for the first time on Thursday when Tesla shares fell 6.7% and Rivian slumped 7.1%.

CEO Elon Musk, who unveiled the futuristic vehicle in 2019, had already delayed its production from late 2021 to late 2022.

Musk has said he will provide an updated product road map on Tesla's Jan. 26 earnings call.

"Oh man, this year has been such a supply chain nightmare & it's not over!," he tweeted in late November, when asked about the Cybertruck.

Tesla recently removed a reference to its production schedule from its Cybertruck order website. Last month, the website said, "You will be able to complete your configuration as production nears in 2022." Now "in 2022" has been omitted.

Tesla plans to produce the Cybertruck at its factory in Texas, which is expected to start production of Model Y cars early this year.

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25-01-2022 09:59:49 (UTC+7)

EUR/USD

1.1275

-0.0048 (-0.42%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

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Sell (5)

EUR/USD

1.1275

-0.0048 (-0.42%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

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GBP/USD

1.3468

-0.0017 (-0.13%)

Summary

Neutral

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Buy (10)

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Indicators:

Buy (1)

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USD/JPY

113.86

-0.07 (-0.06%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

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AUD/USD

0.7127

-0.0013 (-0.18%)

Summary

↑ Sell

Moving Avg:

Buy (2)

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Indicators:

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USD/CAD

1.2661

+0.0027 (+0.21%)

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↑ Buy

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EUR/JPY

128.37

-0.62 (-0.48%)

Summary

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EUR/CHF

1.0352

+0.0006 (+0.06%)

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Gold Futures

1,850.80

+9.10 (+0.49%)

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Neutral

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Silver Futures

23.850

+0.050 (+0.21%)

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Copper Futures

4.4273

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Crude Oil WTI Futures

84.06

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Brent Oil Futures

86.03

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Natural Gas Futures

3.846

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US Coffee C Futures

237.30

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Euro Stoxx 50

4,051.55

-2.81 (-0.07%)

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S&P 500

4,303.10

-107.03 (-2.43%)

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DAX

15,015.00

+3.87 (+0.03%)

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FTSE 100

7,324.10

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Hang Seng

24,243.61

-412.85 (-1.67%)

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Moving Avg:

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US Small Cap 2000

1,969.75

-60.29 (-2.97%)

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IBEX 35

8,441.13

+23.33 (+0.28%)

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BASF SE NA O.N.

64.945

+0.685 (+1.07%)

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Bayer AG NA

50.45

+0.45 (+0.90%)

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Allianz SE VNA O.N.

218.05

+1.45 (+0.67%)

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Adidas AG

236.46

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Deutsche Lufthansa AG

6.635

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Siemens AG Class N

136.51

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Deutsche Bank AG

10.851

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 EUR/USD1.1275Sell
 GBP/USD1.3468Neutral
 USD/JPY113.86↑ Sell
 AUD/USD0.7127↑ Sell
 USD/CAD1.2661↑ Buy
 EUR/JPY128.37↑ Sell
 EUR/CHF1.0352↑ Sell
 Gold1,850.80Neutral
 Silver23.850Sell
 Copper4.4273↑ Sell
 Crude Oil WTI84.06↑ Buy
 Brent Oil86.03Neutral
 Natural Gas3.846Sell
 US Coffee C237.30↑ Sell
 Euro Stoxx 504,051.55↑ Sell
 S&P 5004,303.10↑ Sell
 DAX15,015.00↑ Sell
 FTSE 1007,324.10↑ Sell
 Hang Seng24,243.61↑ Buy
 Small Cap 20001,969.75↑ Sell
 IBEX 358,441.13↑ Sell
 BASF64.945↑ Sell
 Bayer50.45↑ Sell
 Allianz218.05↑ Sell
 Adidas236.46↑ Sell
 Lufthansa6.635↑ Sell
 Siemens AG136.51↑ Sell
 Deutsche Bank AG10.851↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,195/ 6,245
(25/ 35) # 1,202
SJC HCM6,190/ 6,255
(40/ 45) # 1,211
SJC Hanoi6,190/ 6,257
(40/ 45) # 1,213
SJC Danang6,190/ 6,257
(40/ 45) # 1,213
SJC Nhatrang6,190/ 6,257
(40/ 45) # 1,213
SJC Cantho6,190/ 6,257
(40/ 45) # 1,213
Cập nhật 25-01-2022 09:59:51
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ↀ Giá vàng thế giới
$1,851.24+7.710.42%
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Sản phẩmVùng 1Vùng 2
RON 95-IV2486025350
RON 95-II,III
E5 RON 92-II2359024060
DO 0.05S1890019270
DO 0,001S-V1925019630
Dầu hỏa1779018140
ↂ Giá dầu thô thế giới
WTI$83.73+0.240.29%
Brent$87.01-0.08-0.09%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.470,0022.780,00
EUR24.914,3926.311,12
GBP29.734,0431.003,87
JPY192,65203,94
KRW16,3519,92
Cập nhật lúc 18:49:50 25/01/2022
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