Earlier this week, Elon Musk, the CEO and Founder of Tesla, has just announced that the highly anticipated Cybertruck has been delayed. Now, the vehicle will be launching sometime next year.

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The Cybertruck from the American electric vehicle manufacturer was rumored to face a launch delay, and now, the brand’s exec has officially confirmed it. Notably, the news also arrives as the carmaker shared its quarterly report revenue and delivery details that showcased more than 50 percent rise of its EV shipments, despite the ongoing shortages in the supply chain. For those unaware, the futuristic Cybertruck was first unveiled back in 2019.

Since then, the company had to delay its production to late 2021, which got further pushed back to late 2022. And now, its production has been postponed for the third time. This also means 2023 will be a big year for Tesla, who will be launching its Cybertruck, Semi, Roadster, and even its humanoid robot next year. Musk stated that “We will not be introducing new vehicle models this year. It would not make any sense because we’ll still be parts constrained.”

He further explained that unveiling new models “would then require a bunch of attention and resources on that increased complexity of the additional product, resulting in fewer vehicles actually being delivered this year.” Musk said that he hopes to manufacture around 250,000 Cybertrucks annually, however, this target is suffering from various hurdles owing to a number of new technologies being introduced. He reassured that “Batteries will probably not be the limiting factor in Cybertruck production,” rather, “I worry more about like how do we make the Cybertruck affordable despite having awesome technology.”

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