Tesla Cybertruck, here are the latest updates

A recent interview between Tesla Inc (NASDAQ:TSLA) CEO Elon Musk and the Tesla Owners Club in Silicon Valley provided a glimpse of the company’s long-awaited electric pickup truck.

What happened

Asked about the Cybertruck, Musk said, “The design is finally complete,” adding that the firm got too carried away with the features, leading to delays in the development and production of the vehicle.

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Tesla’s CEO remarked that if the Cybertruck had gone into production last year, it wouldn’t have changed anything, as it would have been affected by supply issues.

Musk went on to say that producing the Cybertruck, along with the production of other vehicles, would mean “stripping Pierre to dressing Paul”.

When asked to estimate when the Cybertruck would actually go into production, the billionaire replied, “About the middle of 2023.”

Why is it important

Musk’s interactions with the Tesla Owners’ Club in Silicon Valley touched on a variety of topics, including manufacturing, the company’s early days, space exploration, aliens, philosophy, and retirement.

Musk previously said the Cybertruck would be Tesla’s best product, adding that last year he feared the project would fail due to a design “so different from anything we’ve done before.”

The Cybertruck will compete with pickup trucks currently sold by Ford Motor Company (NYSE:F) and Rivian Automotive Inc (NASDAQ:RIVN).

Photo: Elon Musk, director of Wirestock Creators, available on Shutterstock; Tesla Cybertruck, courtesy of Tesla Inc.

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