Actually the construction that is started for Tesla in Austin TX is for Model Y production, and not for Cybertruck or Semi. Please refer to the transcript from Tesla's last earnings call where Elon discussed this, and or refer to Teslas 10Q SEC filing, where they list Austin factory construction for Model Y, and they list Austin Cybertruck as "in development"
I never count Tesla out as they have very smart engineers working there. Some things on our Model Y are great, and other things really make you roll your eyes.
Earnings calls are not a place for news or the roadmap of things to come. GigaTexas was hardly mentioned, the earnings call focused on active production and earnings.
Cybertruck production at the Austin factory was formally announced in March.
Which earnings call are you referring to? While the earnings call isn’t really for future product details, it was all clearly talked about on October 22nd. Here’s part of Elon’s response to the first question on Cybertruck production,
“And yes, it's cool. Like it's going to be made in Austin. So it's kind of dependent on completing that factory. And there are obviously new technologies with the high hardness kind of armored exoskeleton.
This is — it's never been done before, so there'll probably be some challenges along the way. And obviously, something that's extremely high hardness and difficult to scratch or dent is also difficult to form. So there's manufacturing challenges there. That's why it's so cleaner.
Although it also looks good, I think, from a cleaner standpoint. Yes. If all goes well, we'll be able to do some Cybertruck deliveries toward the end of next year, yes. So it's difficult to predict.
I would say there's probably a lot of deliveries in '22 and some deliveries toward the end of next year if things go well.”
They are adding a Model Y production line at the Austin factory as well as battery pack assembly. As I sad above, Cybertruck production at the Austin factory was formally announced back in March. The 10-Q SEC filing would be very unlikely to mention Cybertruck in any capacity other than in-development. In the SEC filings that mention the Model Y prior to the assembly line starting up, it was always “in-development”. These are intended to be momentary snapshots, not a roadmap.
There is also a lot that gets said outside of earnings calls. It has been stated by Elon and other Tesla management on many occasions that Cybertruck production is their first priority at the Austin factory. We keep getting little teasers about refinements and changes to Cybertruck’s design. When do we get to see it? “Soon” is the operative word, however I bet we don’t see it until they call “pencils down” and turn on the assembly line to crank out the first mules. Pack assembly is probably what will be brought online first as the rest can’t happen without it. ...I’d be willing to bet the first Cybertruck rolls off the line in time for 4th of July.
Agree on the Model Y in terms of some things make you roll your eyes. Same with the Model X we owned. They’re overall great cars, with a few questionable design elements. It’s obvious they rely too much on their virtual modeling and don’t explore real world prototype variations much before actually going to production.
Anyway, I’m not here to argue, nor am I a shill for Tesla. I am a Tesla shareholder, but I’m also an investor in Rivian and own shares in GMC and Ford. I’m here because I really like what GM has done here with the electric Hummer revival and I think they have a winning product on their hands. True competition in the market fosters innovation and we all benefit from that.
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