Tesla delays volume production of Cybercab, Semi, Megapack 3 to beyond 2026
14 reported2 unconfirmed
Tesla has pushed back its timeline for reaching "volume production" of the Cybercab, Tesla Semi, and Megapack 3 commercial energy-storage solution, according to a second-quarter shareholder letter published Wednesday. The company also removed language from its first-quarter letter about its Optimus robot reaching volume production. Tesla had stated as recently as January that all three products would reach volume production in 2026. The company said it is working to increase battery production, specifically around its 4680 cell, to begin building the Cybercab and Semi at scale. Tesla CEO Elon Musk cautioned that Optimus will be the hardest product to scale manufacturing due to its entirely new components. The delay comes as Tesla reported net income falling 5% year-over-year to $1.1 billion, capital expenditures more than doubling, and negative free cash flow of $1 billion in the second quarter. Revenue rose 26% to $28.2 billion, driven by automotive sales of $20.5 billion and over 480,000 vehicle deliveries.
What’s reported
Tesla no longer plans to reach volume production of the Cybercab, Tesla Semi, and Megapack 3 in 2026, per a second-quarter shareholder letter published Wednesday.
Language about the Optimus robot reaching volume production was removed from the first-quarter letter.
Tesla is trying to increase battery production, specifically the 4680 cell, to start building the Cybercab and Semi at scale.
Tesla CEO Elon Musk said Optimus "is going to be the hardest product to scale manufacturing that we’ve ever made at Tesla, because everything on the robot is new."
Tesla reported second-quarter revenue of $28.2 billion, a 26% increase from $22.5 billion in the same period last year.
Net income fell 5% year-over-year to $1.1 billion.
Capital expenditures more than doubled, and free cash flow was negative $1 billion.
Automotive revenue was $20.5 billion, up from $16.6 billion a year ago.
Tesla delivered more than 480,000 vehicles in the second quarter, an increase of over 120,000 from the first quarter.
Energy storage and solar revenue improved 13% to $3.1 billion.
Full Self-Driving (Supervised) subscriptions reached 1.48 million, a 56% increase year-over-year.
Operating expenses rose 47% to $4.3 billion.
Operating income dropped 57% to $398 million.
Tesla said capital expenditure will be $25 billion in 2026, about three times more than historically spent.
Open questions
The article does not specify a new timeline for volume production of the Cybercab, Semi, or Megapack 3.
No reason was given for pushing back volume production of the new Megapack.
Key figures
Elon Musk, Tesla CEO
Vaibhav Taneja, Tesla CFO
Sources: TechCrunch
