Musk Warns Cybertruck Production Ramp Up Will Be Slow and Difficult
-
Elon Musk told Tesla shareholders and Cybertruck reservation holders to temper their expectations about Cybertruck production ramp up. He said it will be very difficult.
-
Musk said Tesla is aiming for 250,000 Cybertrucks per year eventually, but it will take about 18 months to reach significant volume and positive cash flow.
-
The complex and unique design of Cybertruck has complicated manufacturing. Tesla can't copy other techniques and has to invent everything from scratch.
-
Musk said investors shouldn't expect positive cash flow from the Cybertruck program until 2025.
-
The Cybertruck is likely to be expensive at first, possibly over $80,000, before the price can be brought down.