Tesla missed its Q3 target for the Cybertruck delivery event
Tesla didn’t end up holding a delivery event for its Cybertruck in the third quarter of 2023 as CEO Elon Musk had hoped. “We’re anticipating having [a] delivery event, a great delivery event probably in Q3,” Musk said in the company’s April earnings call. “The Cybertruck handover… will hopefully be around the end of Q3 this year,” he added later in the call.
Although Musk’s comments read more as a target than an explicit promise, this is just the latest delay in its introduction of the Cybertruck, which was originally due to start rolling off the assembly line in 2021 when it was announced in 2019. Since then, hundreds of thousands of people have paid a roughly $100 refundable deposit to reserve the vehicle. The Wall Street Journal notes...