Tesla Cybertruck Takes To Public Roads In November After Rigorous Testing

The Tesla Cybertruck is at last visible on public roads by November, the company revealed, following years of trials and errors. 

Before the car's Texas Gigafactory begins full production the following year, deliveries of the eagerly anticipated luxury EV SUV will start to be made to a limited number of buyers on November 30.

As of November 30 at Giga Texas, the first deliveries of cybertrucks are expected to take place later this year, as planned for manufacturing.

The electrical design of the car is allegedly being updated to support an 800-volt standard, as opposed to the 400V that the current Tesla series supports, at the same time.

The 800V design is used by several high-end, high-performance, and heavy-duty electric vehicle (EV) models, such as the Audi e-Tron and the GMC Hummer EV.

This allows EVs with huge battery capacities to charge at a quicker rate, which reduces charging time, without breaking down the car's wiring harness.

"A lot of people excited about cyber truck," Elon Musk told reporters on Wednesday's investor call.

"I am too, i driven the car, it's an amazing product. I want to emphasize that there will be enormous challenges in reaching volume production with the Cyber Truck and then in making it cash-flow positive."

"This is normal for when you've got a product with a lot of new technology, or any brand new vehicle program — but especially one that is as different and advanced as the Cyber Truck," he continued.

"It is going to require work to reach planned production and be cash-flow positive, at a price that people can afford."

Tesla's production and deliveries for its current model lines are down this quarter, by around 7% or about 30,000 units, over Q2; but, year over year, up almost 100,000 units, over 2022, both are still much higher.

This year, the EV carmaker has lowered the costs of its vehicles three times: in March, September (when the MSRP was cut by a whole 20 percent), and early October.

For instance, the Model X's list price is currently $79,990, while it was originally retailing for $120,990 in 2023.

Similar price reductions have been witnessed for the models S (now $74,990), Y ($52,490, down 24% from January), and 3 ($38,990, down 17%). Overall, Tesla claims that in Q3, its cost of goods sold per vehicle dropped to about $37,500.

Musk has already stated that if higher sales volume results, he is willing to lower pricing and accept lower margins.

In July, he declared, "I think it does make sense to sacrifice margins in favour of making more vehicles."

“A sequential decline in volumes was caused by planned downtimes for factory upgrades, as discussed on the most recent earnings call.

"Our 2023 volume target of around 1.8 million vehicles remains unchanged,” Tesla wrote in an October press statement. The company delivered some 435,059 vehicles globally in Q3.

As part of its ongoing commitment to AI development, the company "more than doubled" the amount of processing power it uses to train its Optimus robot and vehicular AI systems in Q2 compared to Q1. Instead of using "hard-coded" software for training, the Optimus itself is apparently getting hardware updates.

Furthermore, the business declared that all Hertz rentals in the US and Canada will have access to the Tesla App, enabling users to utilise their phones as key fobs. It is also possible for customers to transfer their Tesla profile settings to their Hertz rental.