The Tesla Cybertruck unveiling is just a few hours away. Social media posts indicate that attendees are now gathering in Texas. Even Tesla CEO Elon Musk, who recently made headlines after a fiery and controversial interview at The New York Times DealBook Summit, has been pretty quiet on X, the social media platform formerly known as Twitter.
Needless to say, the anticipation surrounding the Cybertruck is discernible. Quite impressively, Tesla has actually been able to keep pretty much every important detail about the Cybertruck a secret. Even the details of the vehicle’s unveiling event have been kept under wraps, with invites only including a general schedule for the occasion.
Elon Musk, however, has made it no secret that the Cybertruck’s delivery event is among Tesla’s most important. In his DealBook Summit interview, Musk went so far as to state that the Cybertruck launch would be the “biggest on Earth this year.” These statements definitely give the impression that the Cybertruck’s delivery event is an important occasion — one that could make Tesla into an event more notable company today.
Amidst all this excitement, we at Teslarati are expecting a number of highlights from the upcoming Cybertruck first delivery event. Here then are the top five things we are hoping to see in the Cybertruck launch.
Tomorrow… pic.twitter.com/TFQY4xczEo— Tesla (@Tesla) November 30, 2023
Specs and more specs
Tesla has done a stellar job of keeping the Cybertruck’s specs under wraps. Despite the large number of Cybertruck sightings over the past months, practically no leaks about the all-electric pickup truck’s key information have been shared online. In the upcoming event, Tesla will most definitely share the specifications of the Cybertruck, from its range to its performance, special features, and accessories.
Steel Ball Test 2.0
The Tesla Cybertruck unveiling became meme-worthy partly due to the failed steel ball test conducted by CEO Elon Musk and Chief Designer Franz von Holzhausen. The Cybertruck’s Armor Glass cracked when it was struck by the ball during the test, much to the shock of the audience and Musk himself. Tesla later clarified that the Cybertruck’s window was damaged by an earlier sledgehammer test, but the failed steel ball test was already immortalized in internet memes by then.
In a way, the Cybertruck’s steel ball test is unfinished business for Tesla and executives like Elon Musk. Thus, it would not be surprising if the EV maker conducts another steel ball test during the upcoming Cybertruck first delivery event. Hopefully, the test succeeds this time around.
Cybertruck Delivery Event https://t.co/rWd111HvHc— Tesla (@Tesla) November 29, 2023
Future Feature Teasers
Tesla is known for having industry-leading tech and features on its vehicles. The company is also known for announcing features that will be rolled out at a later date. This was the case with the Tesla Semi, whose Convoy Mode, which was announced in late 2017, is still yet to be released to consumers’ trucks today. Being Tesla’s newest and potentially most disruptive car to date, the Cybertruck will likely be announced with some notable features, some of which will also be released in the future.
Other Trim Details
When the Cybertruck was initially unveiled, Elon Musk noted that the all-electric pickup truck would come in three trims: a single-motor RWD version, a Dual Motor AWD variant, and a Tri-Motor AWD version. Elon Musk also hinted at a potential Quad-Motor variant later on, though details about the potential trim have been scarce. In the upcoming Cybertruck delivery event, Tesla would likely clarify the all-electric pickup truck’s final lineup, as well as each trim’s target release date.
Test Rides
Tesla held test rides with the Cybertruck when it was unveiled in late 2019. Considering that the vehicle is now ready for consumers, it would also not be surprising if Tesla offers test rides in the production Cybertruck for the first delivery event’s attendees. Test rides would likely be appreciated by the event’s attendees, as it would provide them with a firsthand experience with the all-electric pickup truck.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.
Tesla CEO Elon Musk posted a photo of himself standing with the Optimus production team inside Tesla’s Fremont factory, arms crossed amid workers in hard hats and safety vests. The image captures a pivotal industrial shift: the same facility space once dedicated to building Tesla’s flagship Model S sedan and Model X SUV is now home to the company’s humanoid robot manufacturing line.
Walking the Optimus production line in Fremont pic.twitter.com/ABS0tuRibW
— Elon Musk (@elonmusk) July 1, 2026
Tesla’s Fremont Factory, acquired in 2010 from the former NUMMI joint venture between Toyota and GM, has been the company’s original U.S. manufacturing hub since Model S production began in 2012.
The Model X followed soon thereafter. These premium vehicles offered lower annual volumes, recently around 30,000 combined, compared to the high-volume Model 3 and Model Y lines that continue around the site. Over their combined run, the S and X accounted for roughly 610,000 units.
In late January 2026, during Tesla’s Q4 2025 earnings call, Elon Musk announced the end of Model S and Model X production in Q2 2026. The final vehicles rolled off the line in early May. Rather than retooling for another vehicle, Tesla chose to convert the dedicated S/X assembly area into a dedicated Optimus Gen 3 production line.
Model 3 and Y manufacturing remains unaffected. Tesla’s official Fremont Factory page now lists Optimus alongside the 3 and Y as core products.
The conversion was executed with remarkable speed. After production stopped, crews dismantled the existing vehicle line and installed entirely new modular equipment—including lines sourced from Germany and dozens of sub-lines for actuators, batteries, and other components—in roughly four months.
Musk described the timeline as “insanely fast,” noting it would be unprecedented for any other manufacturer. Initial Optimus output is expected to ramp slowly due to the robot’s roughly 10,000 unique parts and the brand-new production processes involved. The Fremont line targets an eventual capacity of 1 million Optimus units per year.
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Optimus Development Timeline
- August 19, 2021: Optimus (then called Tesla Bot) formally announced at Tesla’s first AI Day. A concept video showed a person in a suit demonstrating the vision for a general-purpose humanoid capable of dangerous, repetitive, or boring tasks using the same AI architecture as Full Self-Driving.
- 2022: Early prototypes displayed. At the second AI Day in September, semi-functional units demonstrated walking across a stage and basic arm movements
- 2023: September videos showed improved capabilities, including sorting colored blocks, precise limb awareness, and holding a Yoda pose.
- 2024-early 2025: Factory integration videos showed Optimus navigating workspaces and handling objects like battery cells.
- January 2026: Gen 3 mass-production activities began at Fremont, with reports of over 1,000 Gen 3 units already operating inside the factory for real-world learning and AI training
- April 2026: Musk confirms Optimus production on converted Fremont line would begin in late July or August 2026. The Gen 3 reveal, originally eyed for Q1, was pushed closer to production start. A second, much larger Optimus factory at Giga Texas is under construction, with volume production targeted for Summer 2027 and long-term capacity of 10 million units annually
- July 1, 2026: Musk’s on-site visit and team photo confirm the Optimus line is operational and the transition is actively progressing
Tesla positions Optimus as potentially its largest project ever, leveraging vertical integration, AI expertise, and car-like manufacturing know-how to scale humanoid robots first for its own factories and later for broader industrial and consumer use.
The Fremont conversion serves as a critical proving ground for this ambitious new chapter in Tesla’s already-rich history.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla Optimus project fires up as Musk sees production line progress
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
