Current:Home > MarketsTesla factory produces Cybertruck nearly 4 years after Elon Musk unveiled it -Stellar Wealth Sphere
Tesla factory produces Cybertruck nearly 4 years after Elon Musk unveiled it
View
Date:2025-04-16 22:10:34
Tesla has manufactured its first Cybertruck nearly four years after founder and CEO Elon Musk touted the automaker's first electric pickup.
Tesla workers at the company's so-called Gigafactory near Austin, Texas, tweeted a photo of the completed vehicle on Saturday with the caption "First Cybertruck built in Giga Texas." The feat comes four years after CEO Elon Musk introduced the silver, futuristic-looking vehicle. Musk originally unveiled the Cybertruck in 2019 with the goal of starting production in late 2021.
First Cybertruck built at Giga Texas! 🤠 pic.twitter.com/ODRhHVsd0t
— Tesla (@Tesla) July 15, 2023
The Cybertruck's stainless steel alloy body is strong enough to withstand certain types of small arms fire, Musk has said. He has also estimated the truck will be capable of towing 14,000 pounds.
It's unclear when Cybertrucks will be available for purchase from a dealership lot or at what price. Musk said in April that the company expects to deliver the first truck sometime between July and September.
Tesla didn't immediately respond to a request for comment.
When it does hit dealer floors, the Cybertruck will be entering an increasingly competitive electric vehicle market, including for pickups. Rival company Rivian sells its R1T, with a starting price of $73,000, according to Kelley Blue Book; General Motors offers the Hummer EV pickup; and Ford makes the F-150 Lightning.
Ford on Monday dropped the price on seven models of the Lightning by between $6,000 and $10,000, citing easier access to the truck's battery material. The cuts partially reverse repeated price hikes in 2022 and early 2023, which the car maker blamed on higher material costs.
Another factor motivating Ford to cut prices could be that company officials "hear the footsteps of the Cybertruck and others such as Rivian coming," Dan Ives, an analyst at Wedbush Securities, said in a research note.
Tesla originally said it would make three versions of the Cybertruck, with prices ranging from about $40,000 to $70,000. Later the company removed prices from the webpage where customers could pre-order the vehicle.
—The Associated Press contributed to this report.
- In:
- Tesla
Khristopher J. Brooks is a reporter for CBS MoneyWatch covering business, consumer and financial stories that range from economic inequality and housing issues to bankruptcies and the business of sports.
TwitterveryGood! (982)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- ESPYS 2023 Red Carpet Fashion: See Every Look as the Stars Arrive
- Amid Glimmers of Bipartisan Interest, Advocates Press Congress to Add Nuclear Power to the Climate Equation
- 2023 ESPYS Winners: See the Complete List
- The Daily Money: Spending more on holiday travel?
- Amazon Prime Day 2023 Deal: Get the Keurig Mini With 67,900+ 5-Star Amazon Reviews for Just $60
- Q&A: Cancer Alley Is Real, And Louisiana Officials Helped Create It, Researchers Find
- Gov. Moore Commits Funding for 67 Hires in Maryland’s Embattled Environment Department, Hoping to Fix Wastewater Treatment Woes
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- The Botched Docs Face an Amputation and More Shocking Cases in Grisly Season 8 Trailer
Ranking
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Kate Spade 24-Hour Flash Deal: Get a $280 Convertible Crossbody Bag for Just $87
- The Best Portable Grill Deals from Amazon Prime Day 2023: Coleman, Cuisinart, and Ninja Starting at $20
- Robert De Niro's Girlfriend Tiffany Chen Diagnosed With Bell's Palsy After Welcoming Baby Girl
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Margot Robbie Just Put a Red-Hot Twist on Her Barbie Style
- Director Marcos Colón Takes an Intimate Look at Three Indigenous Leaders’ Fight to Preserve Their Ancestral Connection to Nature in the Amazon
- Kourtney Kardashian Proves Pregnant Life Is Fantastic in Barbie Pink Bump-Baring Look
Recommendation
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Lawmakers Urge Biden Administration to Permanently Ban Rail Shipments of Liquefied Natural Gas
TikToker Alix Earle Hard Launches Braxton Berrios Relationship on ESPYS 2023 Red Carpet
Tony Bennett remembered by stars, fans and the organizations he helped
See you latte: Starbucks plans to cut 30% of its menu
Vanderpump Rules' Ariana Madix and Tom Sandoval Spotted Filming Season 11 Together After Scandal
Travis Barker Praises Pregnant Kourtney Kardashian's Healing Love After 30th Flight Since Plane Crash
How Lea Michele Is Honoring Cory Monteith's Light 10 Years After His Tragic Death