Tesla Cybertruck tooling has officially begun at Gigafactory Texas as the vehicle begins to enter production within the next year.
Tesla released its Q3 2022 Shareholder Deck on Wednesday just after Market Close, where the Cybertruck was listed as “Tooling” instead of the “In Development” label the automaker gave it last quarter.
The Cybertruck is set to begin production at Gigafactory Texas next year after delays caused by supply chain disruptions and parts shortages hit Tesla on two occasions. Tesla also was working on finalizing the design, which CEO Elon Musk announced was completed earlier this year.
It’s no secret that Tesla has been hit hard by supply chain disruptions as earlier this year Elon Musk announced the company would delay the launch of any new products in 2022. However, the company has remained resilient and still plans to begin deliveries of the Tesla Semi to PepsiCo. in December.
After revising the Cybertruck’s expected production date to mid-2023 earlier this year, it seems Tesla is now more than ready to begin preparing for the early manufacturing stages of the electric pickup.
Tesla reportedly will use an IDRA 9,000-ton Giga Press for the Cybertruck, and the machine rumoredly entered the United States in Houston, Texas, on October 7. Additionally, Tesla was reportedly preparing to take delivery of several new production systems for the Cybertruck, which were ordered from German manufacturers.
Last week, we reported Tesla Cybertruck builds were spotted under wraps outside Gigafactory Texas, further solidifying the belief that Tesla is coming close to starting manufacturing. These builds were more than likely test units prepared to test manufacturing efficiency and accuracy thus far. However, they shipped from Fremont, as Cybertruck prototypes have been spotted on production lines in the California factory.
Tesla is also preparing to begin stockpiling Cybertruck battery packs, which it will initially produce at the Fremont factory as well. Teslarati reported earlier today that Cybertruck battery pack lines are being installed on the second floor of Fremont, with Tesla nearing potential testing phases shortly.
Tesla reported total revenues of $21.454 billion with a gross profit of $5.382 billion for Q3. The company also posted a non-GAAP EPS of $1.05.
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