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.

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