Unveiled in 2019, company CEO Elon Musk stated that production on the truck was expected to begin in April 2021. While the manufacturing process began on time, the company warned that the process would be slower than expected and that the vehicle would be produced in smaller numbers than Tesla’s other vehicles.

“It takes time to get the manufacturing line going,” Musk said of the slower process before justifying, “and this is really a very radical product. It’s not made in the way that other cars are made. So let’s see.”

The Cybertruck differs significantly from standard pickup trucks in the physical sense, with its wedge shape and stainless steel shell. Originally, Tesla announced that three versions of this pickup would be made, ranging in price from $40,000 to $70,000.

The post Tesla Unveils First Electric Pickup appeared first on theprimarymarket.com.

According to the report, Tesla delivered 422,875 electric vehicles in the first three months of 2023, which is shy of the 430,008 cars mark that was expected by Wall Street experts. The company also set the record in production during the same period of time, with 440,808 units getting off the production track.

Tesla’s head of investor relations Martin Viecha was proud of the numbers nonetheless, saying in a Twitter post that the company’s “sequential growth continues even in the first quarter.”

Tesla tried to ramp up its sales at the start of the year by slashing prices. Some of its most popular models have been discounted by 20 percent compared to their original price. However, the challenging economy and growing competition obviously prevented the company from making the most out of this tactic.

Tesla’s stock has been surging the entire past week, closing at $207.46 on Friday. The company’s shares have jumped more than 91 percent year-to-date and are at their highest since February.

The post Tesla Sets New Record for Deliveries But Misses Wall Street Estimates appeared first on theprimarymarket.com.

Unveiled in 2019, company CEO Elon Musk stated that production on the truck was expected to begin in April 2021. While the manufacturing process began on time, the company warned that the process would be slower than expected and that the vehicle would be produced in smaller numbers than Tesla’s other vehicles.

“It takes time to get the manufacturing line going,” Musk said of the slower process before justifying, “and this is really a very radical product. It’s not made in the way that other cars are made. So let’s see.”

The Cybertruck differs significantly from standard pickup trucks in the physical sense, with its wedge shape and stainless steel shell. Originally, Tesla announced that three versions of this pickup would be made, ranging in price from $40,000 to $70,000.

The post Tesla Unveils First Electric Pickup appeared first on theprimarymarket.com.

According to the report, Tesla delivered 422,875 electric vehicles in the first three months of 2023, which is shy of the 430,008 cars mark that was expected by Wall Street experts. The company also set the record in production during the same period of time, with 440,808 units getting off the production track.

Tesla’s head of investor relations Martin Viecha was proud of the numbers nonetheless, saying in a Twitter post that the company’s “sequential growth continues even in the first quarter.”

Tesla tried to ramp up its sales at the start of the year by slashing prices. Some of its most popular models have been discounted by 20 percent compared to their original price. However, the challenging economy and growing competition obviously prevented the company from making the most out of this tactic.

Tesla’s stock has been surging the entire past week, closing at $207.46 on Friday. The company’s shares have jumped more than 91 percent year-to-date and are at their highest since February.

The post Tesla Sets New Record for Deliveries But Misses Wall Street Estimates appeared first on theprimarymarket.com.