Elon Musk's Cybertruck: Profitability Delayed, Economy Concerns Raised

Elon Musk warned that the Tesla Cybertruck will not be profitable until 2025, citing the challenges of scaling production and achieving cash flow positivity. Musk estimated that it will take about 18 months for the Cybertruck to become cash flow positive, and by 2025, Tesla aims to produce approximately 250,000 Cybertrucks per year. Despite the challenges, Musk believes the Cybertruck has the potential to be the company's best product ever. Tesla's third-quarter earnings report showed a 44% drop in net income due to shrinking margins caused by price cuts and increased operating expenses related to the Cybertruck and other R&D programs. The lag in Cybertruck profitability poses a challenge for Tesla, as it continues to grow and reduce prices, potentially impacting profits. However, Tesla currently has a substantial cash reserve of $26 billion.