Elon Musk The annual production target for Cybertruck is 250,000 units by 2025.

Elon Musk Aims to Produce 250,000 Cybertruck Units Annually by 2025

【PhoneAuto News】On October 19th, PhoneAuto learned that Tesla announced in a statement that the company’s Cybertruck will begin deliveries on November 30th at the Texas Gigafactory. On the same day, Tesla CEO Elon Musk stated that energy is becoming the most profitable business for the company. Achieving large-scale production and positive cash flow for the Cybertruck will face enormous challenges. Increasing production of the Cybertruck will be extremely difficult, with a production target of 250,000 vehicles by 2025. One million people have already pre-ordered the Cybertruck.

In addition, Tesla mentioned that progress continues to be made in the development of the next-generation platform. The company is focusing on research and development investments and capital expenditures when cash flow is positive. Currently, simple tasks for robots are being trained through AI artificial intelligence. The AI training computing power has more than doubled. The production of the Model Y at the Texas factory is gradually increasing.

Tesla’s total vehicle production in the third quarter was 430,488 units, an increase of 18% year-over-year. Total deliveries amounted to 435,059 units, a 27% increase year-over-year. In the third quarter, the Model 3/Y production reached 416,800 units, a 20% increase year-over-year. Deliveries reached 419,074 units, a 29% increase year-over-year. Model S/X production in the third quarter was 13,688 units, a 31% decrease year-over-year. Deliveries amounted to 15,985 units, a 14% decrease year-over-year.

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Tesla’s Q3 revenue was $23.4 billion, a 9% increase year-over-year. Analysts expected a 12% year-over-year increase to $24.06 billion. Q2 revenue set a record with a 47% year-over-year increase, while Q1 revenue increased by 24% year-over-year. Adjusted EPS for Q3, not following GAAP, was $0.66, a 37% decrease year-over-year. Analysts estimated a 29.5% decrease to $0.74. Adjusted EPS in Q1 dropped by 21% compared to the same period last year, marking the first year-over-year decrease since Q3 2019.

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