Tesla's Musk raises Cybertruck production concerns, reveals delivery date
© Reuters. FILE PHOTO: Tesla's Cybertruck is displayed at Manhattan's Meatpacking District in New York City, U.S., May 8, 2021. REUTERS/Jeenah Moon/File Photo) CEO Elon Musk on Wednesday warned of difficulties in ramping up production of the automaker's much-awaited Cybertruck electric pickup truck and announced that deliveries would begin on Nov. 30.
Musk said he wanted"temper expectations" for the truck, adding the company could face"enormous challenges" in ramping up production and making it cash-flow positive. The company has said it had the capacity to make more than 125,000 Cybertrucks annually, with Musk adding there was the potential for that to lift to 250,000 in 2025.Some analysts were skeptical about the likely sales, particularly in the near term.
The automaker is expected to announce pricing for the vehicle at an event at its Texas factory on Nov. 30.
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