Tesla wants to deliver the first Cybertrucks in mid-2023

Tesla hopes to deliver its first Cybertrucks to customers by mid-2023. CEO Elon Musk announced this during the presentation of Tesla’s quarterly results. The company also says it delivered more than 250,000 cars last quarter.

In a conference call with investors Musk says Tesla hopes to ship the first Cybertruck vehicles “mid next year.” The CEO previously indicated that Cybertruck production will start in 2023. Musk did not say what steps the company still needs to take before the truck can go into production. The Cybertruck was already announced at the end of 2019 and has been delayed since then. At the beginning of this year, Tesla removed the vehicle’s production date from its website. It was initially stated that the production start of the truck would take place in 2022, which was already later than originally planned.

Tesla also indicates that it 75 percent of its bitcoin supply has sold, which was good for 936 million dollars. The company invested $1.5 billion in the cryptocurrency last year. The company started accepting bitcoin payments in March 2021, but reversed that a month and a half later. According to Musk, Tesla sold a large part of its bitcoin stock due to the uncertainties surrounding China’s covid lockdowns, which forced a Tesla factory to close for some time.

Tesla also had revenues of $16.93 billion in the past quarter, which is 42 percent higher than the same period in 2021. Last quarter, Tesla had revenues of approximately $18.76 billion. Earnings were $2.3 billion higher than expected. The company says it still hopes to achieve 50 percent growth for the full year 2022.

Tesla does indicate that it is suffering from disruptions in production. The company produced about 18 percent fewer vehicles in the past quarter than in the previous quarter. The company also indicates that it has enough battery cells for the rest of the year, but sees “some tightness” in the field of semiconductors, especially with older analog and mixed-signal chips. The company claims to have produced 258,580 vehicles and delivered 254,695 of them.