Tesla has announced the production of its first Cybertruck in Texas, ahead of its second-quarter earnings call. The futuristic pickup truck, first introduced by CEO Elon Musk in 2019, has faced multiple delays due to component sourcing issues. Production is now scheduled for the end of 2023, with Tesla aiming to deliver between 250,000 to 500,000 units per year. However, leaked documents have revealed fundamental flaws in the vehicle's design and engineering. The Cybertruck had over 1.5 million reservations as of November 2022, with prices ranging from $50,000 to $70,000. It will compete with Ford's F-150 Lightning, Chevrolet Silverado EV, and Rivian R1T.

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