Tesla’s Cybertruck Is More Marketing Than Profit Machine | EUROtoday

Get real time updates directly on you device, subscribe now.

The Cybertruck isn’t good for Tesla’s funds, so it had higher be nice for the model.

On Thursday afternoon in Austin, Texas, two years later than initially deliberate, the electric-vehicle pioneer lastly delivered its first pickup vehicles, setting the monetary ball rolling on its first new product because the Model Y began delivery nearly 4 years in the past. But we already know this gained’t be a money-spinner for Tesla, at the very least not in 2024. Chief Executive Officer Elon Musk stated in October it’d take 18 months to extend output to the purpose the place the Cybertruck makes a big contribution to money flows.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8