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Tesla Postpones Production Of Cybertruck, Plans Manufacturing In Early 2023: Reuters

Tesla Postpones Production Of Cybertruck, Plans Manufacturing In Early 2023: Reuters
According to a report published by the news agency Reuters, US-based electric car maker  Tesla Inc intends to begin initial production of its much-anticipated Cybertruck by the end of the first quarter of 2023.
This is a postponement of its initial plans of starting production of the vehicle sometime later this year.
According to the report quoting the source, the delay is due to Tesla altering the electric pickup's features and functions in order to create an appealing product as the segment's competition heats up.
According to the insider, Tesla plans to produce a limited number of Cybertrucks in the first quarter of 2023 before ramping up production.
There were no comments from Tesla about the issue.
Tesla, the world's largest electric car manufacturer, produces electric cars and sport utility vehicles but has avoided the lucrative and popular pickup truck category in the United States.
Ford Motor Company and Rivian Automotive have launched electric pickup trucks ahead of Tesla.
Ford announced earlier this month that the annual production capacity for its hotly anticipated F-150 Lightning electric truck will nearly treble to 150,000 vehicles ahead of its launch this spring at U.S. dealers.
On Thursday, when Tesla shares plunged 6.7 per cent and Rivian fell 7.1 per cent, Ford's market capitalization surpassed $100 billion for the first time. read more Elon Musk, the future vehicle's creator has previously postponed its production from late 2021 to late 2022 when he introduced it in 2019.
Musk has stated that he will offer an updated product roadmap at Tesla's earnings call on January 26.
"Oh man, this year has been such a supply chain nightmare & it's not over!," he tweeted in late November when asked about the Cybertruck.
Tesla's Cybertruck order page abruptly removed a mention to its production schedule. "You will be able to complete your configuration when production approaches in 2022," the website claimed last month. The phrase "in 2022" has now been removed.
Tesla intends to build the Cybertruck at its Texas factory, which is set to begin producing Model Y automobiles early this year.

Christopher J. Mitchell

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