RVAC
Well-known member
That's not what he said.Elon did not say there would be no meaningful volume until next year.
He said Cybertruck production wouldn't contribute meaningfully to the bottom line until next year. For those who don't know, "the bottom line" refers to the profit or loss at the end of an accounting period, not the revenue. All vehicle ramps are unprofitable until large volumes are being cranked out every day. Until then, the expenses overwhelm the sales revenue. Elon was talking to analysts whose job it is to model expected profits.
I would be super pleased if they manage to put out 15-20K this year and would not be dissappointed if they only manage 6K (that's still a lot of trucks). The initial part of a ramp is always slow, perhaps more so with so much new manufacturing technology incorporated, including new tech from suppliers.
"We do expect production to start, I don't know, maybe sometime this summer. But I always like try to downplay the start of production because the start of production is always very slow. It increases exponentially, but it's always very slow at first. So I wouldn't put too much thought in start of production. It's kind of when does volume production actually happen, and that's next year."
So yes, no meaningful volume in 2023.
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