Tesla announces Cybertruck plan, delivery date revealed

News on October 19th, Tesla announced plans to start delivering Cybertruck at the Texas Gigafactory on November 30th, and Tesla CEO Musk pointed out that the energy business is gradually becoming the company’s profit areas with the highest rates, but achieving mass production and positive cash flow for Cybertruck will face significant challenges. Tesla aims to reach annual production of 250,000 Cybertrucks by 2025, and 1 million people have already pre-ordered the electric truck.

In addition, Tesla also said that they are continuously advancing the research and development of next-generation platforms. With stable cash flow, the company will continue to increase R&D investment and capital expenditures. Tesla is also using AI to train robots to perform simple tasks and continues to improve AI training computing power. In addition, Tesla’s Texas factory is increasing Model production Y is also making steady progress.

Tesla’s total vehicle production in the third fiscal quarter reached 430,488 vehicles, a year-on-year increase of 18%; total shipments were 435,059 vehicles, a year-on-year increase of 27% . Model 3 and Model Y's production volume was 416,800 units, a year-on-year increase of 20%, while shipments were 419,074 units, a year-on-year increase of 29%. And Model S and Model The production volume of

Tesla’s revenue in the third fiscal quarter reached US$23.4 billion, a year-on-year increase of 9%. Tesla maintained strong revenue growth despite analysts' expectations of 12% growth to $24.06 billion. In addition, Tesla's non-GAAP adjusted earnings per share in the third fiscal quarter were US$0.66, a year-on-year decrease of 37% and lower than analysts' expectations of US$0.74. This is also the third quarter since 2019. The first year-on-year decline since the third quarter. Adjusted earnings per share fell 21% year-on-year in the first quarter of this year.

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