Tesla announces the production of first-ever Cybertruck

Tesla has reportedly begun the assembly of its long-awaited Cybertruck at the Giga Austin factory, marking a significant step forward in the vehicle's production despite previous delays and competition in the electric vehicle (EV) pickup market.

Expectations and Delays: The Cybertruck's journey has been filled with anticipation and setbacks.

Since its announcement in 2019, the Cybertruck has seen many delays and unflattering leaks.

Questions arose about Tesla's ability to deliver a competitive EV pickup on time.

Production Commencement: Tesla has finally begun the assembly of the Cybertruck.

Earlier, Musk had mentioned that mass production would start in 2024, with assembly beginning in summer 2023.

A tweet from Tesla confirmed the start of assembly, showing the first production Cybertruck at the Giga Austin factory.

The Giga Texas Facility: Tesla's manufacturing facility in Texas is a state-of-the-art space.

It spans 2,500 acres and has over 10 million square feet of manufacturing space.

It will be used for the production of Model Y and the upcoming Cybertruck lineup.

Reservation and Potential Sales: The Cybertruck has garnered a significant number of reservations.

Over 1.5 million Cybertruck reservations have been claimed.

However, with a reservation cost of only $100, actual sales could be much lower.

Competition: Tesla faces substantial competition in the EV pickup market.

Ford's F-150 Lightning, Rivian, GMC, and RAM are among the key competitors in the sector.

Price and Availability: The final price and specific details of the Cybertruck remain undisclosed.

Originally, prices were targeted at $39,900 for the single-motor variant and around $70,000 for the three-motor variant.

Further details on price, features, and availability are expected in the coming months.