Elon Musk, the CEO of Tesla, has set a date for the first deliveries of the highly anticipated Cybertruck. While the exact number of reservations received by Tesla has not been disclosed, it is expected that company employees will have priority based on previous models like the Model 3. However, the long line of reservations and production challenges indicate that the wait for customers will likely be quite lengthy.

In Tesla’s third fiscal quarter report, it was revealed that the Giga Texas facility will have an initial pilot production capacity of 125,000 Cybertruck units per year. This number is expected to increase to 250,000 units in the future. However, achieving mass production capacity of this scale is projected to take until 2025.

Musk acknowledged the significant challenges involved in reaching volume production with the Cybertruck during an earnings call. Tesla is investing billions of dollars to bring this ambitious ride to the market. Meanwhile, potential customers have expressed concerns as Tesla’s website has removed all details regarding pricing and configurations.

While the company initially announced a sticker price of $39,900 for the single-motor RWD model, with the dual-motor and triple-motor versions priced around $60,000 and $70,000 respectively, these figures have not been officially confirmed. Kelley Blue Book estimates that the base variant could be priced around $50,000. This places the Cybertruck in the same price range as competitors like the Ford F-150 Lightning and the Chevy Silverado. The higher-spec versions of the Cybertruck are expected to compete in the market segment dominated by GMC and Rivian.