Tesla slid nearly 2% in premarket trading

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Tesla slid nearly 2% in premarket trading after pushing back the initial production of Cybertruck to early 2023.

Tesla Inc aims to start initial production of its much-anticipated Cybertruck by the end of the first quarter of 2023, pushing back its plan to begin production late this year, a person familiar with the matter told Reuters on Thursday.

The delay comes as Tesla is changing features and functions of the electric pickup to make a compelling product as competition heats up in the segment.