Tesla CyberTruck is Delayed and That is No Problem for Tesla
Tesla CyberTruck Delay
Over the weekend, we saw a delay in the Tesla CyberTruck with Tesla's website showing that deliveries will begin in 2022. The following Tweet from Sawyer Merritt confirmed it:
BREAKING: Tesla has officially delayed the Cybertruck to 2022.
"You will be able to complete your configuration as production nears in 2022." pic.twitter.com/VreJ0TwyqS
— Sawyer Merritt (@SawyerMerritt) August 7, 2021
We first saw the Tesla CyberTruck in 2019 with Elon Musk unveiling it. Tesla has often seen a delay in its vehicles with the CyberTruck being no different. It's a brand new vehicle with a very futuristic design and in order to release it at the quality level Tesla wants, I believe they are delaying it to focus on their highly in-demand Model 3 and Model Y vehicles.
Tesla Will be Fine
Tesla will be just fine with the CyberTruck delay. There is well over a million reservations. Yes, some of them are for people ordering multiple trucks in order to try and do robotaxis, but I believe many of these reservations will still come to fruition.
You can check the status of your CyberTruck reservation and when you might get it using a crowd sourced Google Sheets spreadsheet.
I'm expected to get my CyberTruck around February, 2024, and I ordered it February, 2021. That's a 3 year wait and I expect it could be longer.
The wait times for the Tesla Model 3 and Tesla Model Y keep growing which is signaling huge demand for Tesla vehicles. Tesla's biggest challenge will be keeping up with orders, increasing production, and battling supply chain issues like the chip shortage.
I expect Tesla to continue to have increasing demand, to have larger profit margins and revenue as the year goes on, and to continue to dominate without the CyberTruck in 2021. Now, if the CyberTruck were to be delayed until 2023, we will have a different conversation.
What do you think about the CyberTruck delay? Do you have one on order? Will Tesla start producing them in the first half of next year?
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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter, Facebook, LinkedIn and Instagram to stay in touch and follow his Tesla news coverage on Torque News.