[1/3] Tesla's new Cybertruck is shown on display at a Tesla store in San Diego, California, U.S., November 20, 2023.
Cybertruck, Tesla's first new model in nearly four years, is critical to its reputation as a maker of innovative vehicles.
"We dug our own grave with Cybertruck," Musk said last month, warning that it would take a year to 18 months to make the vehicle a significant cash flow contributor.
The billionaire has said Tesla was likely to reach a production rate of roughly 250,000 Cybertrucks a year in 2025.
Tesla has faced "enormous challenges in reaching volume production" with the Cybertruck because of its new technology and design, Musk said.
Persons:
Mike Blake, Elon Musk, Tesla's, Musk, Tesla, Eric Noble, Rivian, R1T, Rivian's R1T, Ford's, Seth Goldstein, Paul Waatti, Akash Sriram, Hyunjoo Jin, Sayantani Ghosh, Bill Berkrot
Organizations:
REUTERS, New York Times, Dodge, Ford, General Motors, Hummer, Morningstar, Thomson
Locations:
San Diego , California, U.S, Bengaluru, Hyunjoo, San Francisco