Wednesday night, after market close, Tesla released the company’s Q3 2023 earnings report. Soon after, Tesla also held an earnings call in which executives including Elon Musk gave us information regarding Tesla’s future plans.
The earnings report and adjoining call touched on several aspects of Tesla’s business including profitability, vehicle production guidance for the entire year, FSD progress, the status of the company’s several manufacturing plants, energy business, and so on.
This was all good and well, however, the most exciting updates during the earnings call and report mostly had to do with the Cybertruck.
So what new information did we learn about the Cybertruck? First, in the company’s earnings report, Tesla gave us a couple of new tidbits about the Cybertruck. In the section titled “Core Technology” under “battery powertrain and manufacturing” Tesla said…
“For very heavy vehicles, a high-voltage powertrain architecture brings notable cost savings, which is why Cybertruck will adopt an 800-volt architecture.”
During the Tesla Semi delivery event Musk had hinted the Cybertruck would share the higher voltage powertrain of the semi which comes in at 1000 volts however, this is the first time Tesla has confirmed the vehicle will be built on an 800-volt architecture.
Currently, all Tesla vehicles except the semi use a 400-volt battery and powertrain architecture. However, going to an 800-volt battery architecture on the Cybertruck will allow the vehicle to have faster charging speed and higher efficiency.
Given the larger battery pack size of the Cybertruck, in addition to the vehicle's 800-volt architecture, it’s now all but confirmed that the Cybertruck will be able to charge faster than the peak 250KW all Tesla vehicles tap out at currently,
Tesla has confirmed that V4 superchargers' peak charging capacity is 350KW and the Cybertruck should be able to take full advantage of the increased power. In addition to peak charging speed, the Cybertruck should be able to sustain higher charging speeds throughout the charging session thanks to its 800-volt battery architecture.
The next new information we learned about the Cybertruck is that Tesla already has an installed production capacity of 125,000 Cybertrucks per year. Making this achievement even more impressive, Tesla said the 125,000 production rate is on the Cybertruck “pilot” production line.
Tesla did not say what the annual production rate for the Cybertruck will be when fully ramped but, Musk during the earnings call said that he expects Tesla to reach a run rate of 250,000 Cybertrucks per year by the end of 2024.
In addition, Musk also noted that it’ll take Tesla roughly 18 months after the first Cybertruck deliveries before the truck is able to meaningfully contribute to Tesla’s profitability.
This is all the information we got regarding Cybertruck’s production ramp however, during the earnings call, Tesla unintentionally also confirmed one new spec for the Cybertruck. In the section of the earnings call explaining the differences in complexity between the Cybertruck and Tesla’s next-generation vehicle, Tesla’s VP of Vehicle Engineering, Lars Moravy let slip that the Cybertruck has 14 inches of suspension travel.
This means there will be a 14-inch difference in the Cybertruck’s ride height between the truck’s highest and lowest settings. To put this into perspective, the Rivian R1T, which is expected to be the Cybertruck’s main competitor when the latter begins deliveries, has 6.5 inches of suspension travel.
With 14 inches of suspension travel, the Cybertruck is expected to be one of the best vehicles for off-roading. Tesla has recently tested out the Cybertruck’s off-road capabilities with a 1280-mile drive through the Baja peninsula in Mexico.
With all these new features, the Cybertruck is shaping to be a once-in-a-generation vehicle. And for those who can’t wait to see the truck out on the roads, Tesla has also finally confirmed the Cybertruck delivery date.
Through the company’s official X page, Tesla revealed that the first Cybertruck delivery will be held on November 30. This is exactly 4 years and 9 days since Tesla first showed off the Cybertruck back in 2019.
With the delivery event so close, there is still a lot we don’t know about the truck including range, acceleration, top speed, battery size, and so on. However, we’ll be sure to keep you posted when we learn more about the Cybertruck.
Until then, make sure to visit our site torquenews.com/Tesla regularly for the latest updates.
So what do you think? Excited to learn new details about the Cybertruck? Also, do you think Tesla will indeed deliver the Cybertruck on November 30? Let me know your thoughts in the comments below.
Image: Courtesy of Tesla, Inc.
For more information check out: Tesla Shares a Video of FSD 12 Autonomsly Driving Around Austin, Texas
Tinsae Aregay has been following Tesla and The evolution of the EV space on a daily basis for several years. He covers everything about Tesla from the cars to Elon Musk, the energy business, and autonomy. Follow Tinsae on Twitter at @TinsaeAregay for daily Tesla news.