New Cybertruck Orders Will Only Be Delivered In 2025, Says Tesla Website
Portfolio Pulse from Anan Ashraf
Tesla has updated its website to indicate that new orders for the Cybertruck, including both the all-wheel drive version and the higher-end Cyberbeast, will now be delivered in 2025, a delay from the previously indicated 2024. The company allows a $250 fully refundable deposit for orders, with an invitation to configure the truck when it's ready. Despite not segmenting delivery numbers by model, Tesla reported producing 20,995 units of Model S, X, and Cybertruck cumulatively in the first quarter, with 17,027 units delivered. Tesla aims to deliver 250,000 Cybertrucks annually by 2025, facing production rather than demand challenges, with over a million pre-orders already placed. CEO Elon Musk has noted production is ramping up, though no official data supports this claim.
April 06, 2024 | 8:37 am
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NEGATIVE IMPACT
Tesla's announcement of the Cybertruck delivery delay to 2025 for new orders may impact investor sentiment due to concerns over production scalability despite high demand.
The delay in Cybertruck deliveries to 2025 for new orders could potentially dampen investor enthusiasm in the short term due to concerns over Tesla's ability to scale production efficiently. Despite the high demand indicated by over a million pre-orders, the delay and lack of official data on production ramp-up could lead to skepticism about Tesla's short-term growth prospects in this segment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100