Fri. Jul 5th, 2024

LIVE UPDATES: Tesla is about to deliver its first Cybertrucks to waiting customers in a milestone moment for Elon Musk<!-- wp:html --><p>Lots of question marks remain about Elon Musk's polarizing Cybertruck. </p> <p class="copyright">Frederic J. Brown/AFP/Getty Images</p> <p>Tesla is delivering its first Cybertrucks to waiting customers on Thursday afternoon. The truck faced multiple delays ahead of its release.  For <a target="_blank" href="https://www.businessinsider.com/tesla-ceo-elon-musk" rel="noopener">Tesla CEO Elon Musk</a>, the Cybertruck is a huge test — with massive potential payoff.  </p> <p>The long wait is finally over.</p> <p>Four years after Tesla CEO Elon Musk first showed off the futuristic <a target="_blank" href="https://www.businessinsider.com/tesla-truck-cybertruck" rel="noopener">Cybertruck</a>, the company is set to hand over some of its first production models to waiting customers and reveal long-awaited details about the truck.</p> <p>It's all going down at <a target="_blank" href="https://www.businessinsider.com/tesla-gigafactory" rel="noopener">Tesla's Texas Gigafactory</a>, near Austin, where some lucky shareholders are in the house to witness the spectacle. It's also being livestreamed on X, the social media network formerly known as Twitter.</p> <p>The stakes are high and it's hard to remember<a target="_blank" href="https://www.businessinsider.com/tesla-fans-line-up-sneak-peek-cybertruck-showrooms-locations-2023-11" rel="noopener"> a vehicle launch so closely watched</a>. Follow along for live updates as the event kicks off at 2 p.m. CT.</p> <div> <div class="slide"> <div class="slide-title">Tesla pauses Cybertruck orders</div> <div class="slide-image">Tesla Cybertruck reservation page showing a countdown clock ahead of the delivery event on Thursday. <p class="copyright">Tesla</p> </div> <div class="slide-content"> <p>Tesla's webpage for the Cybertruck switched from a pre-order form to simply a countdown clock on Wednesday morning. If you wanted to get a last-minute reservation in before the launch party, you may. be out of luck!</p> <p><a target="_blank" class="live-blog-button" href="https://www.businessinsider.com/tesla-cybertruck-orders-paused-delivery-event-2023-11" rel="noopener">Read full story</a></p> </div> </div> <div class="slide"> <div class="slide-title">'Another historical moment for Tesla'</div> <div class="slide-image">A prototype Cybertruck on display next to Tesla's semi-truck. <p class="copyright">SUZANNE CORDEIRO/Getty Images</p> </div> <div class="slide-content"> <p>The Cybertruck is a big deal, especially for investors who are wary of <a target="_blank" href="https://www.businessinsider.com/tesla-earnings-q3-report-live-updates-guidance-analyst-call-stock-reaction-2023-10" rel="noopener">lower profits and shrinking market share.</a></p> <p>"This is another historical moment for Tesla and <a target="_blank" href="https://www.businessinsider.com/elon-musk" rel="noopener">Musk</a> with the Cybertruck unveil as the Street is excited to see the formal vehicle launch featuring the dual-motor trim and its top-level tri-motor AWD performance model along with updates regarding production and scaling," Dan Ives, an analyst at Wedbush, told clients Tuesday.</p> <p>Musk has said that Tesla would sell about <a target="_blank" href="https://www.businessinsider.com/elon-musk-tesla-cybertruck-annual-production-200000-joe-rogan-2023-11" rel="noopener">200,000 to 250,000 trucks annually by 2025</a>.</p> <p>Today, they're <a target="_blank" href="https://www.businessinsider.com/tesla-cybertruck-delivery-event-details-10-vehicles-2023-11" rel="noopener">expected to deliver the first 10</a>.</p> </div> </div> <div class="slide"> <div class="slide-title">Pricing and full specs still aren't clear on delivery day </div> <div class="slide-image">People view a Tesla Cybertruck prototype on display at the Peterson Automotive Museum in Los Angeles <p class="copyright">Allen J. Schaben / Los Angeles Times via Getty Images</p> </div> <div class="slide-content"> <p>Despite taking in thousands of refundable deposits, according to one crowdsourced tally, Tesla still hasn't told waiting customers exactly <a target="_blank" href="https://www.businessinsider.com/tesla-cybertruck-specs-price-unknown-delivery-event-2023-9" rel="noopener">what they're getting in terms of range, batteries, and motors </a>— or how much it'll cost.</p> <p>There are signs, however, that the truck will likely go for well above Musk's <a target="_blank" href="https://www.businessinsider.com/heres-everything-that-happened-when-elon-musk-unveiled-the-cybertruck-2019-11" rel="noopener">originally promised $39,900.</a></p> <p><a target="_blank" class="live-blog-button" href="https://www.businessinsider.com/tesla-cybertruck-specs-price-unknown-delivery-event-2023-9" rel="noopener">Read full story</a></p> </div> </div> </div> <div class="read-original">Read the original article on <a href="https://www.businessinsider.com/tesla-cybertruck-price-release-event-delivery-truck-live-updates-2023-11">Business Insider</a></div><!-- /wp:html -->

Lots of question marks remain about Elon Musk’s polarizing Cybertruck.

Tesla is delivering its first Cybertrucks to waiting customers on Thursday afternoon. The truck faced multiple delays ahead of its release.  For Tesla CEO Elon Musk, the Cybertruck is a huge test — with massive potential payoff.  

The long wait is finally over.

Four years after Tesla CEO Elon Musk first showed off the futuristic Cybertruck, the company is set to hand over some of its first production models to waiting customers and reveal long-awaited details about the truck.

It’s all going down at Tesla’s Texas Gigafactory, near Austin, where some lucky shareholders are in the house to witness the spectacle. It’s also being livestreamed on X, the social media network formerly known as Twitter.

The stakes are high and it’s hard to remember a vehicle launch so closely watched. Follow along for live updates as the event kicks off at 2 p.m. CT.

Tesla pauses Cybertruck orders
Tesla Cybertruck reservation page showing a countdown clock ahead of the delivery event on Thursday.

Tesla’s webpage for the Cybertruck switched from a pre-order form to simply a countdown clock on Wednesday morning. If you wanted to get a last-minute reservation in before the launch party, you may. be out of luck!

Read full story

‘Another historical moment for Tesla’
A prototype Cybertruck on display next to Tesla’s semi-truck.

The Cybertruck is a big deal, especially for investors who are wary of lower profits and shrinking market share.

“This is another historical moment for Tesla and Musk with the Cybertruck unveil as the Street is excited to see the formal vehicle launch featuring the dual-motor trim and its top-level tri-motor AWD performance model along with updates regarding production and scaling,” Dan Ives, an analyst at Wedbush, told clients Tuesday.

Musk has said that Tesla would sell about 200,000 to 250,000 trucks annually by 2025.

Today, they’re expected to deliver the first 10.

Pricing and full specs still aren’t clear on delivery day
People view a Tesla Cybertruck prototype on display at the Peterson Automotive Museum in Los Angeles

Despite taking in thousands of refundable deposits, according to one crowdsourced tally, Tesla still hasn’t told waiting customers exactly what they’re getting in terms of range, batteries, and motors — or how much it’ll cost.

There are signs, however, that the truck will likely go for well above Musk’s originally promised $39,900.

Read full story

Read the original article on Business Insider

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