Tesla completes first Cybertruck after years of delays

[Kamaji]

Tesla completes first Cybertruck after years of delays

By Eric Revell, Fox Business
July 17, 2023

Tesla’s first Cybertruck rolled off the electric vehicle maker’s assembly line in Austin, Texas, after production had been delayed for two years.

Tesla founder and CEO Elon Musk first announced the futuristic-looking electric pickup truck in 2019 at an event that went viral when the vehicle’s designer cracked the truck’s purportedly unbreakable “armor glass” windows during a demonstration.

In the years since the Cybertruck’s unveiling, Tesla has delayed the timing of mass production on several occasions.

Last year, Musk cited supply chain shortages affecting the sourcing of components when Cybertruck production was pushed back into 2023.

During a Tesla shareholder meeting in May, Musk said that the company is aiming to produce about 250,000 Cybertrucks a year, depending on demand.

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Source:  https://nypost.com/2023/07/17/tesla-completes-first-cybertruck-after-years-of-delays/

[Kamaji]

But with instant competition:

Ford slashes prices of F-150 Lightning trucks as EV battle with Tesla heats up

By Reuters
July 17, 2023

Ford is cutting the price of its F-150 Lightning trucks by 17% — the latest attempt by the Detroit automaker to put a dent in the electric vehicle market that has been cornered by rival Tesla.

The move is an about-face for Ford, which raised prices earlier this year but will cut the cost of some F-150 models by $10,000.

The company has cited increased plant capacity at its EV manufacturing facilities as well as the drop in the price of battery raw materials as factors enabling it to make the vehicle more affordable for consumers.

The updated MSRP for the Pro model, its lowest priced electric pickup, will be $49,995, down from $59,974.

The Lariat 510A’s MSRP will decline to $69,995 from $76,974.

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Source:  https://nypost.com/2023/07/17/ford-slashes-prices-of-f-150-lightning-trucks-as-ev-price-war-heats-up/