Tesla builds first Cybertruck after two years of delays

(Reuters) - Tesla (TSLA.O) built its first Cybertruck at the electric-vehicle marker's plant in Austin, Texas, the company said in a tweet on Saturday, after two years of delays.

In a May shareholder meeting, Musk said that Tesla would like to produce a quarter-million Cybertrucks a year, depending on demand.

The Cybertruck launch will give Tesla an EV entrant in one of the most profitable segments of the U.S. market and a competitor to electric pickups from the likes of Ford Motor(F.N) and Rivian Automotive (RIVN.O), both of which have launched models in still-limited numbers.

Reuters reported last year that Tesla aims to start mass production of Cybertruck at the end of 2023.