Tesla CEO Elon Musk Reiterates Need To Make Cybertruck Cheaper: 'It's A Great Truck. We Need To Make It More Affordable'
Portfolio Pulse from Anan Ashraf
Tesla CEO Elon Musk emphasized the need to make the Cybertruck more affordable in the future. The company plans to introduce a lower-priced version in 2025. Tesla is ramping up production with a goal of delivering 250,000 units starting in 2025 and aims for Cybertruck profitability by the end of the year. The use of in-house dry cathode 4680 cells is expected to reduce costs significantly.
August 07, 2024 | 8:10 am
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Tesla CEO Elon Musk reiterated the need to make the Cybertruck more affordable. The company plans to introduce a lower-priced version in 2025 and aims to deliver 250,000 units starting in 2025. The use of in-house dry cathode 4680 cells is expected to reduce costs significantly.
The news highlights Tesla's strategic focus on making the Cybertruck more affordable, which could boost demand and sales. The introduction of a lower-priced version and the use of cost-reducing technology are positive indicators for future profitability and revenue growth.
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