Musk: Tesla Cybertruck will be produced in limited quantities this summer

IT House reported on January 26 that limited production of the Tesla Cybertruck is scheduled to begin this summer, Tesla CEO Elon Musk said on the earnings call for the fourth quarter of 2022.

During Tesla’s fourth-quarter and full-year 2022 earnings call, Musk and Tesla were asked whether the all-electric Cybertruck was still planned for early 2023 production. Musk replied:

“We do hope to start production sometime this summer, but I always downplay the start of production because it’s always been very slow.”

Tesla also said at its shareholder meeting that Cybertruck production “remains on track to start later this year.”

Musk noted that the start of car production is relatively insignificant, as manufacturing will ramp up over time. It’s always a slow start, and things will pick up over time as companies improve their car-making processes.

Mass production is the most important, because Tesla has to deal with the huge order of 1.5 million vehicles that Cybertruck has received since its launch in 2019. Musk pointed out that Cybertruck mass production will begin in 2024, later than previously expected at the end of 2023.

IT Home learned that Tesla began installing equipment that will be used to produce Cybertruck, such as castings and final assembly body shops, but mass production will come in 2024. In January of this year, a drone inspected Tesla’s super factory in Texas, showing that IDRA’s 9,000-ton Giga Press die-casting machine will be used for the Cybertruck body and is being assembled rapidly. IDRA is also supplying Tesla with a 6,000-ton Giga Press die-casting machine used to form Model Y’s front and rear underbody castings.

Recently, the casting mold of Cybertrucks has arrived at the super factory in Texas. The bill of lading shows that the molds arrived in the U.S. on Jan. 16 and were picked up and shipped to the factory two days later.

The financial report shows that Tesla’s total revenue in the fourth quarter of 2022 will be US$24.3 billion, a year-on-year increase of 37%; net profit attributable to Tesla’s common shareholders will be US$3.7 billion, a year-on-year increase of 59%; adjusted earnings per share 1.07 US dollars, a year-on-year increase of 57%.