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Elon Musk: Tesla Cybertruck and its Design Inspiration.

The company will make the first deliveries of the Cybertruck on Thursday.

Since Tesla unveiled a prototype of its Cybertruck four years ago, the electric pickup truck has remained in the realm of preorders and earnings-call updates until thisweek.On Thursday, the company will make its first deliveries of the Cybertruck at a high-profile event sure to be closely watched by consumers and Wall Street investors alike.

Encased in stainless steel, the Cybertruck boasts a payload and tow capacity that rival some other pickup trucks on the market.But the ramp-up to full production will likely stretch into 2025, well-behind an initial rollout goal, Musk said on an earnings call last month.

Here’s what to know about the Tesla Cybertruck, the delivery event on Thursday and when the car will be made widely available for purchase:What do we know so far about the Cybertruck?The Cybertruck made headlines for a miscue at a prototype-reveal event in 2019, when Musk touted its “armored” glass but a window unexpectedly shattered seconds later during a demo.The signature feature of the Cybertruck, meanwhile, may be its stainless steel frame.

The steel resists dents, allows customers to forego a paint job and is “literally bulletproof,” according to Musk.The Cybertruck has a 3,500-pound payload capacity and 100 cubic feet of storage space, Musk said. The vehicle has room to seat six adults, the company says. A 17-inch touchscreen rests atop the center of the dashboard, alongside an otherwise spare interior.Drivers can raise or lower the suspension 4 inches, Tesla says.Tesla will offer three versions of the vehicle, ranging in price from $39,000 to $69,000, according to the release event in 2019.

When will the Cybertruck be widely available for purchase?Tesla faces “enormous challenges” scaling up production of the Cybertruck, Musk told investors on an earnings call last month. On a previous earnings call, Musk said the company “dug our own grave” with the decision to develop the Cybertruck.

Last month, Musk cited innovative features of the Cybertruck as a key reason for the delay.”Prototypes are easy,” Musk said.”Production is hard.””You will have problems proportionate to how many new things you’re trying to solve at scale,” Musk added.Ultimately, Tesla will produce 250,000 Cybertrucks per year, Musk said, noting that the company likely won’t reach that output rate until 2025.”You have to invent not just the car but the way to make the car,” he added. “So, the more uncharted the territory, the less predictable the outcome.”

 

 

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**Breaking News: Tesla Falls Behind as Musk’s SpaceX Surges Ahead** In a stunning turn of events, Tesla is no longer the crown jewel of Elon Musk’s empire, as SpaceX has officially surpassed the electric vehicle giant in value for the first time in five years. Musk’s fortune, once heavily anchored by Tesla, has shifted dramatically following a series of alarming developments. Musk’s financial landscape took a hit after he funneled over $200 million into Donald Trump’s re-election campaign, but he rebounded quickly, briefly becoming the world’s first $400 billion individual. However, Tesla’s stock has since plummeted by 50%, exacerbated by disappointing delivery numbers and concerns over Musk’s divided attention as he juggles his new role in the Trump administration. Recent reports indicate that Tesla’s revenue growth has stagnated to a mere 1% in 2024, while net income has declined for the second consecutive year. Meanwhile, shocking drops in vehicle sales have been documented across key markets, including Germany, China, and Australia. As public sentiment turns against Musk, protests have erupted at Tesla dealerships nationwide, amplifying the urgency of the situation. The turmoil doesn’t end there. Musk’s appeal of a Delaware court ruling that invalidated a lucrative pay package has further complicated his financial stability. Forbes has slashed the value of Musk’s stock options by 50%, revealing that his stake in Tesla is now worth $97.8 billion, significantly less than the soaring valuation of SpaceX. With SpaceX’s value now estimated at $147 billion—almost $20 billion more than Musk’s Tesla holdings—this shift marks a seismic change in Musk’s financial narrative. SpaceX’s revenue surged by 51% to $13.1 billion in 2024, buoyed by the booming Starlink satellite internet service. As the dust settles, it’s clear that Musk’s fortunes are in flux, and the landscape of his empire is shifting dramatically. Stay tuned as we continue to monitor these developments closely.

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