Confirmed: Tesla to Start Cybertruck Deliveries This Year

(NASDAQ: TSLA) CEO Elon Musk shared a number of important updates at the company's annual shareholder meeting on Tuesday. Among other things, the visionary leader confirmed that he plans to remain CEO, said the company would try advertising, and reiterated that he thinks most of its fleet of Tesla vehicles could become autonomous with just a software update. But arguably the most material update for the company's near-term future was a confirmation that Tesla still expects to begin delivering its long-awaited Cybertruck this year. 

Given the company's history of bringing products to market well after Musk's initial go-to-market timeline, some extra reassurance that the Cybertruck will likely hit the streets this year is news that likely has shareholders a bit more bullish.

Tesla's Cybertruck is years in the making -- and it's long overdue. The electric-car company first unveiled the vehicle in late 2019. So if deliveries of the vehicle begin later this year, there will be about four years between the Cybertruck's unveiling and the first deliveries.

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Source Fool.com