Tesla's Cybertruck ready to rock the world? EV Maker shares photo of first vehicle rolled off Giga Texas assembly line
After excessive delay and multiple scouting in various locations, Tesla, Inc.'s highly anticipated Cybertruck TSLA may be ready to rock.
What happened: Tesla's official Twitter account shared a photo of a Cybetruck surrounded by workers at the Gigs Texas factory and captioned it as "First Cybertruck built in Giga Texas".
The tweet comes a week after CEO Elon Musk shared a photo of himself driving around Austin in the Cybertruck. Last month, Tesla influencers shared photos of the electric van in New Zealand, apparently undergoing winter testing.
Sightings of the Cybertruck have been reported by several Tesla fans in the recent past, sparking rumors that the vehicle may be about to launch. It was largely ruled out that it would launch late in Q3 or Q4.
With Tesla confirming that the first Cybertruck has rolled off the production line, the launch could take place well ahead of schedule.
See also: Everything you need to know about Tesla stock
Why is it important? As Tesla struggles with competition and volume growth is hard to come by, the launch of Cybertruck will likely make things better. Fund manager Gary Black expects the electric pickup truck to significantly boost Tesla's volume once production ramps up.
He also sees the launch having a halo effect on the rest of Tesla's products. “Potential customers will see the Cytruck in person or on social media and go to the TSLA website or store and buy another TSLA model even if they are not buying a Cytruck,” he said.
Musk and his management team will likely share more details on the launch schedule during the company's earnings call scheduled for Wednesday.
Price Action: Tesla closed Friday's session up 1.25%, at $281.38, according to data from Benzinga Pro.
Find out more of Benzinga's Future Of Mobility coverage in by following this link< /em >.
Read next: Elon Musk takes the Tesla Cybertruck for a ride in Austin and shares a photo
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After excessive delay and multiple scouting in various locations, Tesla, Inc.'s highly anticipated Cybertruck TSLA may be ready to rock.
What happened: Tesla's official Twitter account shared a photo of a Cybetruck surrounded by workers at the Gigs Texas factory and captioned it as "First Cybertruck built in Giga Texas".
The tweet comes a week after CEO Elon Musk shared a photo of himself driving around Austin in the Cybertruck. Last month, Tesla influencers shared photos of the electric van in New Zealand, apparently undergoing winter testing.
Sightings of the Cybertruck have been reported by several Tesla fans in the recent past, sparking rumors that the vehicle may be about to launch. It was largely ruled out that it would launch late in Q3 or Q4.
With Tesla confirming that the first Cybertruck has rolled off the production line, the launch could take place well ahead of schedule.
See also: Everything you need to know about Tesla stock
Why is it important? As Tesla struggles with competition and volume growth is hard to come by, the launch of Cybertruck will likely make things better. Fund manager Gary Black expects the electric pickup truck to significantly boost Tesla's volume once production ramps up.
He also sees the launch having a halo effect on the rest of Tesla's products. “Potential customers will see the Cytruck in person or on social media and go to the TSLA website or store and buy another TSLA model even if they are not buying a Cytruck,” he said.
Musk and his management team will likely share more details on the launch schedule during the company's earnings call scheduled for Wednesday.
Price Action: Tesla closed Friday's session up 1.25%, at $281.38, according to data from Benzinga Pro.
Find out more of Benzinga's Future Of Mobility coverage in by following this link< /em >.
Read next: Elon Musk takes the Tesla Cybertruck for a ride in Austin and shares a photo
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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