Tesla Employee LEAKS Cybertruck Production Date!

Tesla Employee LEAKS Cybertruck Production Date!

Tesla recently said that production of its Cybertruck electric pickup would be delayed by almost a year to the end of 2022, due to the ongoing supply chain issues plaguing the automotive industry. So will the new truck be a big money maker for Tesla when it potentially ramps up deliveries starting 2023? We don’t think so. We estimate that Tesla’s Cybertruck revenues will stand at just about $400 million in 2023, potentially rising to about $5 billion by 2026. For perspective, that’s likely to be less than 2.5% of projected Tesla Revenue in 2026. See our dashboard analysis Cybertruck revenue potential for a look at our methodology.
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Although the U.S. pickup truck market is quite large with volumes for the top five players standing at close to 3 million units per year, the Cybertruck, which features a radical design, appears to be a relatively niche product for Tesla. For instance, Tesla has indicated previously that Cybertruck sales could come in below its premium Model X and S vehicles, which have historically sold under ~100k units a year. Competition is also strong. EV upstart Rivian’s R1T pickup truck is receiving rave reviews, while publication MotorTrend awarding it its 2022 Truck of the Year, and calling it “the most remarkable truck” it has driven. Investors are also buying into the story, giving Rivian a $100 billion-plus valuation. Similarly, mainstream pickup manufacturers are also seeing traction with their electrification plans, with Ford’s electric version of its iconic F-150 seeing robust demand. Customer loyalty in the truck market is also very high, meaning that Tesla could have a tough time going after existing owners.
Cybertruck Could Bring In Over $4.5 Billion In Revenue For Tesla By 2025
Tesla unveiled its first electric pickup truck last dubbed “Cybertruck,” featuring a radical design and prices ranging from around $40k going up to $70k. Tesla’s interest in the market is understandable, given that pickup
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