Tesla updated investors in its Q2 2024 Shareholder Deck: 'Cybertruck production more than tripled sequentially and remains on track to achieve profitability by end of year.' It is extremely difficult to scale production to the point that you're making money on every unit a company builds.
According to several reports, the Cybertruck was the best-selling EV pickup in the U.S., despite Ford's claim that it is still the F-150 Lightning. Long-term, the Cybertruck's quick shift toward profitability will help resolve any negatives Tesla would have on its quarterly spreadsheet.
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