Elon reveals Cybertruck details / production expectations on Q3 2023 call

[Bill837]

Is that a lot? It seems like a lot, but I'm not sure what this really means.

Looks like it's in TRX and Raptor range. Those have . Quite a lot more than Rivian
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[Jedi2155]

I'm predicting < 500 CT deliveries before end of 2023 and between 20,000 to 50,000 CT deliveries before end of 2024.

Tesla/Elon will NOT ramp up CT production until they figure out how to cost effectively mass produce it. Model 3 only had about 50k produced in the first year before they started mass production at the 5,000/week run rate.

On the flip side, my early CT reservation becomes more valuable now

 

[COLAB]

Cybertruck has never been positioned to be prohibitively expensive. That "expensive" narrative is driven by people who think Tesla is no better than other manufacturers, therefore Tesla can't deliver a product that is superior in so many fundamental ways, at such a low price.

But it's never a good idea to think something can't be done, simply because no one else is capable of doing it. That's the recipe for being mediocre. Tesla (and Elon Musk) have a long history of setting audacious goals, goals so audacious that other "experts" say they are ridiculous, or impossible, only to prove them wrong time and time again. And usually in dramatic fashion. This keeps happening, again and again.

I valid !!! ?

 

[BeastSlayer]

Now there is a firm start or release date of Nov 30, 2023.

We'll see reaction of investing community tomorrow on Tesla stocks.

And from us who did our reservations on the night of the launch.

 

[CYBRSMTH]

If they go in order for the reservation numbers then I should be one of the first 10,000. If they’re producing 125K trucks per year then it would take 10 years to fill the current list lol.

I think it’s expected to ramp to 250,000 by 2025. I’d say it’ll take 5-7 years if everyone keeps their reservation. I don’t think they will once the price and timing are revealed, so maybe more like 3 to 5 years. I’m imagining reservations drop by half, but that’s still a lot of money to be had.

 

[Gurule92]

Another Elon quote that stood out to me:

"It’ll be cool but it’s utilitarian. It’s not meant to fill you with awe and magic, it’s to get you from a to b. It’s still beautiful, but it’s a utility."

This does not make it sound prohibitively expensive imo.

This wasn't about CT

 

[MonkeyDeLuffy]

I am going to drop the FSD option in my order when the time comes, adding tungsten carbide coating if available.

 

[AlDente]

This was a bad day for Elon and Tesla. I'm rethinking the whole Cybertruck purchase and will consider other options. This mess is directly attributable to Elon Musk. He over committed and has yet to deliver on what he continues to call Tesla's best product.

He or the BOD needs to find a CEO to run Tesla like a real business. This startup, sleeping in the factory, 18 hour a day CEO needs to move to an advisory role and let other more capable people manage the companies finances, communications and product development.

 

[cvalue13]

There's 14 inches of travel on the Cybertruck suspension.

this is incorrect (and wasn’t said by Musk)

 

[CyberSleuth]

This wasn't about CT

This was directly before the 14" ground clearance quote.

 

[Coolbreeze704]

I am going to drop the FSD option in my order when the time comes, adding tungsten carbide coating if available.

Just took a trip tonight completely using FSD Beta. 30 minutes on winding roads, complicated turns at lights with heavy traffic and it was amazing.

I would recommend you rethink dropping the extreme value you have in that FSD price from your early reservation. I am blown away by how smooth and confident it worked bringing me home.

 

[Deleted member 17810]

I noticed TSLA Stock priced dropped pretty heavy today. This was before the Investor call. I wonder if stock prices will drop even further. Things that investors don't like to hear are things like new product is not going to be profitable for 12-18 months...

This is normal for many companies, and almost always true for tesla. They'll bounce back.

 

[cvalue13]

Elon sure is preparing the masses that the Cyber truck is going to be expensive

Sounded to me like he was preparing investors to expect losses on CT sales for a while. Which could imply affordability

funny thing about ‘cost,’ is you can both be fright simultaneously!

 

[AlDente]

Is that really what Elon said? I heard him say it would be a year to 18 months for Cybertruck to contribute meaningfully to positive cash flow. That is a lot different than taking that long to become profitable. The difference is one of the massive investments they needed to make in things like the biggest gigapress ever made and probably custom heavy machienery to form the panels iin high volumes. These types of machines have lives measured in millions of units and yet the Cybertruck will not be "cash flow positive" contributor until it has paid off those expenses.

Profitability is a different thing, because Tesla can cost the heavy equipment over it's useful life when determining profit per vehicle. Becoming cash flow positive requires taking revenues and profits from Cybertruck sales and paying off the equipment entirely, even though it may still have 8 years or more of life left in it.

In any case, automaking is a business of huge capital expenses and those investments might not pay off for years to come. These kind of investments are not a problem for a company like Tesla that keeps getting more cash flow positive every year. Elon is simply explaining why investors might see the growing cash flow trend level off for 4 or 6 quarters (below where it would have been without these massive investments).

When has Elon ever been right about the timing of anything Tesla has built? He is always off by orders of magnitude. If the stock tanks (and it might) Tesla with their already significantly reduced vehicle margins will look even worse. Not a pretty picture.

 

[cvalue13]

This wasn't about CT

thought it was

you think they were talking robotaxi?

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