Tesla Cybertruck to go into ‘volume production’ in 2023 as the stainless-steel-bodied utility vehicle is delayed due to chip shortage

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  • ‘Several supply chain constraints’ will delay Cybertruck beyond the end of 2022
  • Elon Musk made the announcement during a shareholder meeting last week
  • He said he is ‘optimistic’ to be in ‘volume production’ from 2023
  • It is unlikely to be sold in the UK as it may struggle to make it past regulatory

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Tesla’s controversial Cybertruck will go into ‘volume production’ in 2023, according to CEO Elon Musk.

Addressing shareholders at Tesla’s annual meeting last week, Musk said that ‘multiple supply chain constraints’ could delay the output of electric pick-ups beyond 2022, with prices ranging from around $40,000 to $40,000 in the US. 70,000 are fixed.

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It was stated last year by the boss of the electric car company that the vehicle is unlikely to make it past regulators to go on sale outside the United States, although production capacity of up to 300,000 units per year is estimated.

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Cybertruck delayed to 2023: Several ‘supply chain constraints’, including a lack of computer chips, have pushed production of the stainless-steel-bodied utility vehicle beyond the end of next year, Tesla boss Elon Musk said last week

The stainless-steel-bodied utility vehicle, which also features bulletproof glass and a claimed maximum towing capacity of over six tons, is arguably the brand’s most eagerly awaited new model yet.

At Thursday’s meeting, Musk indicated that Tesla is set to achieve record vehicle deliveries this year, though he said global supply-chain disruptions to computer chips posed a challenge that could delay Cybertruck’s arrival.

Production of the company’s Angular plug-in pick-up is unlikely to begin before the end of 2022, Musk said, estimating that the company will reach ‘volume’ production on the vehicle in 2023.

“We should be through our most severe supply chain shortfall at 23,” he said.

‘I am optimistic that this will happen.’

Speaking about the Cybertruck earlier this year, Musk said the battery shortage meant that each example would “literally cost a million dollars per piece or more” if Tesla began production of the steel-plated vehicle in 2021.

The top-of-the-range $70,000 Cybertruck should deliver enough performance to hit 60 mph from a standing start in 2.9 seconds and a top speed of 130 mph, while it will have a maximum range of 500 miles .  However, it is unlikely to be sold outside the US, as it may struggle to meet vehicle safety regulations, especially when it comes to pedestrian safety.

The top-of-the-range $70,000 Cybertruck should deliver enough performance to hit 60 mph from a standing start in 2.9 seconds and a top speed of 130 mph, while it will have a maximum range of 500 miles . However, it is unlikely to be sold outside the US, as it may struggle to meet vehicle safety regulations, especially when it comes to pedestrian safety.

When it comes to the US market, the range-topping example is set to cost buyers around $70,000 and features a tri-motor, all-wheel drive powertrain and a larger take from the current Model X SUV. There is a battery pack.

It should provide enough performance to hit 60 mph in 2.9 seconds and a top speed of 130 mph, while it will have a maximum range of 500 miles.

Entry models, starting at $40,000, will only be able to cover 250 miles between charges.

The pick-up is unlikely to be a hit in the European market due to strict regulations, especially around safety and the sharp angles and steel-covered body may pose a risk to pedestrians in an accident.

Musk also confirmed on Thursday that Tesla will move its headquarters from Palo Alto, California to Austin, Texas, although the electric carmaker will continue to expand its manufacturing capacity in the Golden State.

Musk, who said last year that he was moving from California to Texas, gave no timeline for the move when he addressed shareholders at Tesla’s annual meeting.

In the early days of the coronavirus pandemic, Musk was working with San Francisco Bay Area health officials to try to enforce shelter-in-place orders. At the time, he threatened to move Tesla’s operations to Texas or Nevada.

Tesla CEO Elon Musk speaks before unveiling the Model Y at the company's design studio in Hawthorne, Calif.  Tesla says it will move its headquarters from Palo Alto, California to Austin, Texas, though the electric car maker will continue to expand its manufacturing capacity.  in the golden state

Tesla CEO Elon Musk speaks before unveiling the Model Y at the company’s design studio in Hawthorne, Calif. Tesla says it will move its headquarters from Palo Alto, California to Austin, Texas, though the electric car maker will continue to expand its manufacturing capacity. in the golden state

On Thursday, however, Musk cited the cost of housing in the Bay Area, which has made it difficult for many to own a home, which translates into longer commutes.

“We’re taking it as far as possible, but there’s a limit to how big you can make it in the Bay Area,” he said.

‘Just to be clear, though, we will continue to expand our activities in California. It’s not about leaving California.’

Musk stressed that he plans to expand the company’s factory in Fremont, California, where Tesla’s Model S, X, Y and 3 vehicles are made, hoping to increase production by 50 percent.

A week ago, Tesla said it delivered 241,300 electric vehicles in the third quarter of 2021, despite battling a shortage of computer chips that has plagued the entire auto industry.

The company’s sales from July to September surpassed Wall Street’s estimate of 227,000 sales worldwide, according to data provider FactSet.

Third-quarter sales rose 72 percent compared to Tesla’s 140,000 deliveries for the same period a year ago.

So far this year, Tesla has sold about 627,300 vehicles. This accelerates it to well beat last year’s total of 499,550.

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