• News

Musk says Tesla Cybertruck faces enormous challenges reaching cash flow positive volume production

Elon Musk kicked off Tesla's Q3 2023 conference call with cautionary statements about his expectations for the Cybertruck's launch.

TJ Denzer

October 18, 2023 3:10 PM

Image via Tesla

1

One of the most anticipated products over the last few years has been Tesla’s Cybertruck vehicle, which is fast approaching widespread launch. However, Elon Musk used the Q3 2023 earnings results conference call to temper expectations about how he feels the Cybertruck will sell. During the call, Musk shared that he believes the Cybertruck faces enormous challenges in regard to reaching cash flow positive volume production.

Elon Musk shared his concerns about the Cybertruck during Tesla’s Q3 2023 earnings results conference call on October 18, 2023. While Elon Musk maintained his opinion that the Cybertruck is Tesla’s “best product ever,” he also shared cautions about how the Cybertruck will perform out of the gate when it’s in full production.

“There will be enormous challenges in reaching volume production with the Cybertruck and then in making the Cybertruck cash flow positive,” Elon explained. “It is going to require immense work to reach volume production and be cash flow positive at a price that people can afford.”

Elon Musk says Tesla Cybertruck faces enormous challenges reaching cash flow positive volume production $TSLA #TSLA #Tesla #TeslaEarnings pic.twitter.com/NncOdE3DOt

— Shacknews (@shacknews) October 18, 2023

Musk goes on to explain that bringing the Cybertruck to full-scale production is one of the biggest challenges the company faces as it prepares to launch the vehicle.

“Prototypes are easy, production is hard,” Musk continued. “The difficulty of going from a prototype to volume production is like 10,000 percent harder to get to volume production than to make the prototype in the first place… It is even harder than that to reach positive cash flow.”

Despite Musk’s cautions, the Cybertruck still remains a much-anticipated product in the company’s lineup. As we get closer to its launch, stay tuned for more Tesla news, right here at Shacknews.

TJ Denzer

Senior News Editor

TJ Denzer is a player and writer with a passion for games that has dominated a lifetime. He found his way to the Shacknews roster in late 2019 and has worked his way to Senior News Editor since. Between news coverage, he also aides notably in livestream projects like the indie game-focused Indie-licious, the Shacknews Stimulus Games, and the Shacknews Dump. You can reach him at tj.denzer@shacknews.com and also find him on Twitter @JohnnyChugs.