Tesla is on track to begin production of the Cybertruck later this year at its Texas Gigafactory, according to today’s Q1 2023 investor report.
The carmaker has been making progress on the Texas factory that will build the Cybertruck, saying it’s on track for production to begin later this year.
“Equipment installation for Cybertruck production at Gigafactory Texas continued in Q1 and remains on track,” the brand said in its latest investor report.
“Cybertruck factory tooling on track.”
Tesla has previously said it has plans to start production between June and August, but its latest investor report referred to the production timeline as “later this year” which may indicate a minor delay.
Elon Musk this morning told investors a “hand-over” event for the first customers is planned for the third quarter of 2023. Final pricing and specifications will be confirmed closer to that date.
The brand has previously said it aims to reach mass production for its Cybertruck during 2024.
One development in the brand’s plans to reduce costs and increase profitability is the transition to a 48V architecture for its vehicle electronics. The new architecture will feature in the Cybertruck first.
In its update, Tesla shared photos of the Cybertruck factory which included photos of the vehicle being built.
A photo of the large ute during winter testing was also released which indicates the vehicle may almost be production ready.
Tesla hasn’t shied away from testing the Cybertruck on the road, with eager Tesla fans recently sharing the videos of the mega ute on social media.
Most recently, drone footage emerged of the Cybertruck undergoing wind tunnel testing previewed its enormous wiper blade in action for the first time.
Tesla released overall specifications for the Cybertruck on its USA website in 2021, but has since removed the details.
According to the site, the Cybertruck was set to offer 800km of range, a 6.4 tonne towing capacity, and would be capable of a 2.9 second sprint to 60mp/h (96 km/h).
The site also specified a choice of single-motor rear-wheel drive and dual- and tri-motor all-wheel drive powertrains.