Tesla confirmed that it managed to produce 1,300 Cybertrucks in a week and it is moving from its Foundations Series production run next quarter.
We haven’t had a lot of updates from Tesla about the Cybertruck production ramp.
Actually, the best one we got was from a recall, which confirmed that Tesla had produced just short of 4,000 Cybertrucks as of April.
Shortly after, Tesla confirmed that it achieved a production of 1,000 Cybertruck in a week in April.
We haven’t seen an update since, but we noted that Tesla seemed to be ramping up production based on sightings at Gigafactory Texas.
Yesterday, at Tesla’s annual shareholder meeting, Tesla released a bit more information about the Cybertruck production ramp:
- Elon Musk said Tesla recently produced a peak of 1,300 Cybertrucks in a week
- Elon Musk said Tesla would move away from production Foundation Series Cybertrucks in Q3
- Tesla said it aims to be at 2,500 Cybertrucks per week by the end of the year
This would currently put Tesla at a capacity of 65,000 Cybertrucks per year and looking to exist the year with an annual capacity of 125,000 units.
Tesla has previously stated that it aims to have a full capacity of 250,000 Cybertrucks, but it plans to achieve that next year.
Moving away from the Foundation Series would presumably mean that Tesla is going to stop bundling all options together for the Dual Motor and Cyberbeast. The automaker might also release new trims – though those weren’t expected until next year.
Electrek’s Take
The Foundation Series bundles push the Cybertruck price to $100,000. Despite the hype around the Cybertruck, there’s a limited market for trucks at over $100,000.
Moving away from the Foundation Series bundles should reduce the price a bit as the dual motor is actually supposed to start at $80,000.
It will also give us more clarity into the option pricing.
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