Elon Musk has shared a Tesla Cybertruck manufacturing estimate, and it’s a lot decrease than many anticipated.

Regardless of the design of the electrical pickup truck being polarizing, every little thing pointed to the Cybertruck having sturdy demand.

A tally confirmed that the Cybertruck had obtained over 1.5 million reservations. To be honest, these reservations solely required a $100 refundable deposit, so it isn’t the strongest present of curiosity, however it’s nonetheless a powerful variety of reservations.

Many Tesla followers and analysts believed that the automaker might produce Cybertrucks on the identical price as some 1-million models pickup program within the US, just like the F-150.

Nevertheless, CEO Elon Musk has now managed expectations down.

Throughout a presentation at Tesla’s annual shareholder assembly yesterday, Musk reiterated Tesla’s objective to convey Cybertruck to manufacturing later this 12 months and quantity manufacturing subsequent 12 months. This has been the timeline since earlier this 12 months.

The presentation was adopted by a Q&A, throughout which a Tesla shareholder requested Musk about Tesla’s deliberate peak manufacturing capability for Cybertruck at Gigafactory Texas. The CEO answered:

There can be a S-curve manufacturing. So will probably be gradual at first, after which ramping up. I suppose we’ll see what the demand is however we’re prone to make 250,000 a 12 months – possibly extra. It relies upon what the demand is like.

He later added that he believes it could be between 250,000 and 500,000 models a 12 months.

The CEO additionally mentioned, “Will probably be arduous to make the Cybertruck inexpensive.”

Electrek’s Take

That is an attention-grabbing remark. My largest takeaway is that we should always brace ourselves for an replace on Cybertruck pricing.

We already knew that the $40,000 to $80,000 choices initially introduced at the moment are unrealistic following inflation, however I believe those that had been anticipating a modest enhance will now have to regulate their expectations.

Clearly, the costlier variations will come first. So I believe we won’t see a Cybertruck cheaper than seemingly $70,000 till 2025. Should you had been in search of a base model for lower than $50,000, I don’t assume that can occur. As for cheaper than $60,000, in all probability not till 2026.