Tesla CEO Elon Musk said that he wants to temper expectations about the EV-maker's Cybertruck because it will take time to scale production at volume while considering cash flow.
Tesla CEO Elon Musk said on the company’s earnings call Wednesday that he wants to "temper expectations for Cybertruck" even though he believes it’s "our best product ever" because it will take time to reach volume production and have the futuristic electric pickup contribute positively to the company’s cash flow. The Tesla Cybertruck’s production has been delayed on several occasions since it was first announced in 2019.
Musk said that he expects it will be about a year to a year-and-a-half before Cybertruck starts contributing positive cash flow to the company’s balance sheet but that there have been one million Cybertruck reservations made to date. "I just want to temper expectations for Cybertruck. It's a great product, but financially it will take – I don't know – a year to 18 months before it is a significant positive cash flow contributor," Musk said.
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