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Tesla's Cybertruck production ...The Cybertruck is expected to be built at the company's new Giga, Texas, factory.
Tesla has announced that its highly anticipated Cybertruck will start production in 2023. The announcement was made during the company's Q2 earnings call, where Elon Musk also confirmed that the production version of the electric pickup truck will have a design similar to the prototype. The Cybertruck is expected to be built at the company's new Giga, Texas, factory. The factory started production of the Model Y SUV earlier this year and is currently undergoing further expansion. During the earnings call, Tesla also reported strong Q2 earnings, with $11.9 billion in revenue and a net income of $1.1 billion. The company also reported a 98% increase in year-over-year automotive revenue and a 218% increase in energy storage revenue.
The Cybertruck was first unveiled in 2019 and received a lot of attention due to its futuristic design and impressive specs, such as its bullet-proof exterior and 500-mile range. However, the truck's design has been controversial, with some critics finding it too polarizing to appeal to a wide consumer base.
Despite the mixed reactions, Tesla has received thousands of pre-orders for the Cybertruck, which is expected to enter a highly competitive segment of the market dominated by traditional pickup trucks from brands such as Ford, Chevrolet, and Ram.