Comment on Tesla says the Cybertruck is already profitable

Tesla says the Cybertruck is already profitable

The Tesla CybertruckAnadolu/Anadolu via Getty ImagesTesla's Cybertruck turned a profit in under a year.That's a big deal for Elon Musk as he enters the pickup truck market.More affordable Cybertruck trims will still be crucial to long-term success.Less than a year after the first deliveries, Tesla's Cybertruck is turning a profit, the company said in its earnings report Wednesday.The production ramp also appears to be on track, with the company reporting a sequential increase in Cybertruck output at the Texas Gigafactory.Reaching profitability in under a year is a big deal for Elon Musk as he enters the blood sport of American pickup truck sales.The first Cybertrucks were delivered in November of 2023 at a launch event for the long-awaited electric truck.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News