Tesla says its first production Cybertruck electric pickup has rolled off the assembly line, nearly two years behind the original schedule.
The company tweeted a photo on Saturday showing scores of workers in helmets and yellow vests surrounding the truck.
“First Cybertruck built at Giga Texas!” Tesla tweeted, including a cowboy hat-wearing emoji. Owner Elon Musk retweeted the post.
Musk unveiled the truck in late 2019, and Tesla had said production would start in late 2021, although the company has since cautioned that production would begin slowly and in smaller numbers than Tesla's other vehicles.
With its wedge shape and stainless-steel body — which Tesla calls the exoskeleton — the Cybertruck looks nothing like a traditional pickup. Some analysts have panned it as a niche product that won't have broad appeal.
Musk said in April that the company expected to deliver the first truck probably in the July-through-September quarter. He said that as with other new products, production would start slowly and then speed up.
“It takes time to get the manufacturing line going,” he said, “and this is really a very radical product. It’s not made in the way that other cars are made. So let’s see.”
The truck's 2019 unveiling veered off course when a window that was touted as unbreakable was spider-cracked when hit by a big metal ball, which prompted an expletive from Musk.
Tesla originally said it would make three versions of the truck, ranging from about $40,000 to $70,000. Later the company removed prices from the page where customers can decide whether to plunk down $100 and place an order.
Competitors have rushed into the electric truck market, including the Ford F-150 Lightning and Rivian Automotive's R1T. Both look like conventional pickups.
Tesla is scheduled to report second-quarter financial results on July 19.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Aurimas Sabulis, CEO of Dextall, unveils how AI‑driven prefabricated façades slash design time by 80%, labor by 87%, and accelerate affordable housing delivery.
Online broker Robinhood Markets will join the S&P 500 index Online broker Robinhood Markets will join the S&P 500 index as its stock rides higher on a cryptocurrency wave.