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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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19-01-2022 14:23:29 (UTC+7)

EUR/USD

1.1347

+0.0022 (+0.19%)

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EUR/USD

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USD/JPY

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 EUR/USD1.1347Neutral
 GBP/USD1.3624Neutral
 USD/JPY114.26↑ Sell
 AUD/USD0.7222↑ Sell
 USD/CAD1.2493Neutral
 EUR/JPY129.66↑ Sell
 EUR/CHF1.0395Sell
 Gold1,842.55↑ Buy
 Silver24.205↑ Buy
 Copper4.4580Neutral
 Crude Oil WTI85.70↑ Sell
 Brent Oil88.37↑ Sell
 Natural Gas4.017↑ Sell
 US Coffee C244.00↑ Sell
 Euro Stoxx 504,268.28↑ Buy
 S&P 5004,564.60↑ Sell
 DAX15,809.72↑ Buy
 FTSE 1007,589.66↑ Buy
 Hang Seng24,127.85↑ Buy
 Small Cap 20002,074.05↑ Sell
 IBEX 358,774.90↑ Sell
 BASF67.800Buy
 Bayer52.12↑ Sell
 Allianz223.80Buy
 Adidas253.60↑ Sell
 Lufthansa6.820↑ Sell
 Siemens AG144.34↑ Buy
 Deutsche Bank AG11.784Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,115/ 6,155
(0/ 0) # 1,151
SJC HCM6,115/ 6,175
(0/ 0) # 1,171
SJC Hanoi6,115/ 6,177
(0/ 0) # 1,173
SJC Danang6,115/ 6,177
(0/ 0) # 1,173
SJC Nhatrang6,115/ 6,177
(0/ 0) # 1,173
SJC Cantho6,115/ 6,177
(0/ 0) # 1,173
Cập nhật 19-01-2022 14:23:31
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RON 95-IV2400024480
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E5 RON 92-II2291023360
DO 0.05S1838018740
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Dầu hỏa1719017530
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Ngoại tệMua vàoBán ra
USD22.530,0022.840,00
EUR25.086,6326.492,89
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JPY192,29203,55
KRW16,4820,08
Cập nhật lúc 18:53:59 19/01/2022
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