After years of delays, Tesla Inc.’s first Cybertruck rolled off the assembly line Saturday in Austin, Texas.
“First Cybertruck built at Giga Texas!” the electric-vehicle maker tweeted Saturday. “Congrats Tesla Team!,” Chief Executive Elon Musk replied on Twitter.
A prototype of the angular, futuristic-looking pickup was unveiled by Musk in 2019, but production was repeatedly delayed due to what Tesla said were supply-chain issues.
Earlier this year, Musk said the first Cybertrucks would be made this year, with volume production starting in 2024.
The Cybertruck will be Tesla’s biggest new-vehicle launch since the Model Y in 2020, and analysts have high expectations that it will help to significantly boost sales.
Wall Street expects fewer than 10,000 Cybertruck deliveries this year, according to Barron’s, but closer to 100,000 in 2024.
Read more: With the Cybertruck, Tesla faces its Edsel moment
Tesla shares
TSLA,
+1.25%
have surged 128% year to date, compared to the S&P 500’s
SPX,
-0.10%
17% gain.
Updated with the Model Y being the previous major launch.
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