Tesla admits Cybertruck won’t pull it out of its current slowdown

Fortune

Tesla will have to lean on its existing range of ever-older models led by the core mid-size 3 sedan and Y crossover that together account for more than nine out of 10 Teslas sold

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00:00 Tesla has admitted that its new Cybertruck won't help the company get out of its current

00:04 slowdown.

00:05 In fact, it won't return to high growth rates until the release of its upcoming entry

00:08 model that is still under development.

00:10 The Cybertruck is the first new Tesla since the Model Y launched in 2020, but its engineering

00:14 is so complicated that Elon Musk has warned production won't reach significant levels

00:19 until 2025.

00:20 Tesla says it's in an intermediate low-growth period and hopes its next-gen platform will

00:24 drive growth.

00:25 The platform is expected to include a range of models like a robo-taxi van and a $25,000

00:30 car.

00:31 In May, Musk said the new models combined could account for 5 million EVs annually.

00:36 But there is no rendering, sketch or indication of what the car will look like or when it

00:40 will be released.

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