Gary Zhou 
Key Points
- 🚀 Tesla revealed new details about the all-electric Cybertruck during the Q2 2023 Earnings Call.
- 🏭 Final validation and testing of the Cybertruck are currently ongoing worldwide, and it is expected to be the first sub-19 ft. truck with four doors and a 6+ ft. bed, fitting into a garage.
- 🚚 Initial production of the Cybertruck is scheduled to start later this year at Gigafactory Texas, and Tesla continues to make progress on its next-generation platform.
- 🛻 The Cybertruck is Tesla’s first attempt at a pickup truck and has accumulated over 1 million pre-orders since its launch almost four years ago.
- 📅 While Tesla confirmed the Cybertruck remains on track for deliveries this year, specific pricing and configurations were not disclosed during the Q2 Earnings Call. Mass production is expected to start next year.
- 💡 Tesla’s CEO, Elon Musk, previously mentioned that the Cybertruck delivery event is likely to take place in Q3 2023.
Tesla Shares New Cybertruck Details During Q2 2023 Earnings Call
During Tesla’s Q2 2023 Earnings Call on Wednesday, the company provided fresh insights into the all-electric Cybertruck. Since its unveiling in November 2019, there have been significant changes to the initial plans.
Initially, Tesla intended to offer three configurations of the Cybertruck at different price points. However, the automaker later decided to remove these options as specifics regarding the number of motors and pricing were yet to be finalized.
While the call did not disclose details about the planned configurations or pricing, Tesla did share that the Cybertruck is currently undergoing final validation worldwide.
“We are now testing Cybertruck vehicles around the world for final certification and validation. This might be the most unique vehicle product in decades; with that comes trialing and testing new technologies. As far as we know, Cybertruck will be the first sub-19 ft. truck (fitting into a garage) that has both four doors and 6+ ft. bed. Both technologically and architecturally, this vehicle will break a lot of boundaries – very much in line with how we think about vehicle engineering and manufacturing.”
Tesla also stated:
“Cybertruck remains on track to begin initial production later this year at Gigafactory Texas. In addition, we continue to make progress on our next generation platform.”
One of the most sought-after answers Tesla fans and investors have pleaded for with Musk over the past three-and-a-half years is how much the truck will cost and what they will be able to buy after it is released.
Upon the first unit being built at Gigafactory Texas last weekend, speculation has only intensified as many expect the Cybertruck will be delivered to its first customer this quarter. This is based on comments Musk made in previous calls, where he indicated Q3 was most likely when a Cybertruck delivery event would take place.
When we revealed the five best questions retail investors had for Tesla during the Q2 Earnings Call, Cybertruck was one of the topics.
Additionally, Tesla said the Cybertruck “remains on track” for deliveries this year, but did not give a concrete timeline in the Deck.
Musk said that the Cybertruck would be delivered this year and mass production would start next year, but there were no additional details on pricing or configurations.
The Cybertruck is Tesla’s first attempt at a pickup truck and has accumulated more than 1 million pre-orders since launching nearly four years ago. With other electric pickups on the market that have more traditional designs, how the Cybertruck stacks up against those and vice versa remains a mystery.
