Elon Musk says Tesla Cybertruck will launch in summer 2023

As Tesla CEO Elon Musk confirmed on Wednesday, the company intends to launch its long-awaited Cybertruck in mid-2023, which has been in development for over a decade.

“Our target is still for the Cybertruck to be able to go into production in the middle of next year,” Musk said during Tesla's financial report for the second quarter of this year. 

The team is very excited about the product and we can't wait to show it to you. There is a possibility that it might be one of our best products ever.”

The prototype of the hotly anticipated Cybertruck has been spotted on public roads since the beginning of 2019, but details about it are scant and the production schedule has been repeatedly pushed back.

Tesla's learnings on improving manufacturing efficiency will benefit the battery-electric truck, Musk said during the earnings call.

“Cybertruck and future products that we're not quite ready to reveal are going to bring another level of simplicity and manufacturing improvements to the world,” Musk said, “but I am looking forward to unveiling them in the future.”

The CEO of Elon Musk's company, SpaceX, said that the company has been working on the design of the Cybertruck's platform to make it ready for production.

The company plans to manufacture the truck at its Gigafactory Austin facility where it has invested $1.1 billion. 

In April, Texas' top pickup truck market, Texas, opened the facility for Tesla's Model Y compact crossover. According to Experian, the Model Y was the country's top-selling electric vehicle in 2016.

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