Tesla puts Cybertruck production on hold until early 2023: report

Tesla is reportedly delaying the production of the new Cybertruck until 2023, pushing back initial plans to begin making the new vehicle later this year.

A person familiar with the matter told Reuters on Thursday that Tesla is tweaking the pickup truck to make it more attractive in a hot market for electric vehicles. Tesla will start limited production of the Cybertruck in the first quarter of 2023, the source added.

Tesla CEO Elon MuskElon Reeve MuskHillicon Valley — States probe the tech giants Equilibrium/Sustainability — Bald eagle comeback impacted by lead poison Tesla puts Cybertruck production on hold until early 2023: report MORE unveiled the Cybertruck in 2019 with initial plans to roll out production of the vehicle in 2021.

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Tesla is competing with rival automakers Rivian and Ford in the electric pickup truck market.

Because of growing demand, Ford is doubling production of its F-150 Lightning truck, NBC news reported. Rivian, a relatively new company that just went public, has seen the most popular sales with its R1T pickup trucks, according to electrek, a website that follows the electric vehicle market.

Tesla is expected to produce the Cybertruck in its factory in Texas, according to the Reuters report.