© Reuters. FILE PHOTO: Tesla’s Cybertruck is displayed in Manhattan’s Meatpacking District in New York City, U.S., May 8, 2021. REUTERS/Jeenah Moon/File Photo
(Reuters) – Tesla (NASDAQ ) aims to make 200,000 units of its electric pickup truck, Cybertruck, per year, Chief Executive Elon Musk said on Tuesday.
The company had previously said that Tesla had the capacity to make more than 125,000 Cybertrucks a year, and Musk added that there was potential to raise that to 250,000 by 2025.
Deliveries of the long-awaited pickup truck will begin on November 30, almost four years after Musk unveiled it at an event in Los Angeles, where his design chief smashed the vehicle’s “armored glass” window with a metal ball while demonstrating a series of tests to the audience.
On the “Joe Rogan Experience” podcast released Tuesday, Musk reiterated how difficult it was to produce the Cybertruck.
“Our goal is to make about 200,000 a year in spot production…maybe a little more, but I can’t emphasize enough that manufacturing is much more difficult than the initial design,” Musk said of the futuristic-looking Cybertruck. .
“We dug our own grave with Cybertruck,” he said on an earnings call earlier this month, adding that the company could face “huge challenges” in ramping up production and achieving positive cash flow.
