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Tesla CEO Elon Musk All Set to Launch Tesla’s First-ever Electric ‘Cybertruck’

One thing to look for is whether Tesla will make versions of the truck with bigger cabs or wildly different trim levels, said the report

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Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

Tesla CEO Elon Musk was all set to unveil his first electric pickup truck on Thursday night with a “heart-stopping” design, with better utility than a Ford F-150 and superior performance to a basic Porsche 911.

The launch of the vehicle dubbed as ‘Cybertruck’ will happen at the Tesla Design Centre in Los Angeles, near SpaceX rocket factory.

In June this year, the Tesla CEO said the truck would start at “less than $50,000,” putting it between the starting price of the Model 3 (currently $39,400) and the Model S (currently $79,990) sedans.

Musk originally planned to reveal the truck earlier this year, but extended the launch event to November.

Musk in April 2017 mentioned on Twitter the desire to produce a pickup truck, before the first Model 3 sedans had been handed over to customers. At the time, Musk tweeted that a pickup truck would be unveiled in 18 to 24 months.

Tesla
Electric Vehicle (EV) maker Tesla has also recently unveiled its first Model 3 made-in-China at Gigafactory 3 in Shanghai. Wikimedia Commons

Pickup trucks are currently the fastest-growing segment in the US.

“Even with direct competition from established players (like Ford’s forthcoming electric F-150) and newcomers (like Rivian), there is a ton of money to be made in pickup trucks,” The Verge reported.

“It’s got to be, like, $49,000 starting price max. Ideally less. It just can’t be unaffordable. It’s got to be something that’s affordable,” said Musk.

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There will be a version of the truck that gets 400 to 500 miles of range, meaning the more affordable base model may wind up with closer to 300 miles.

One thing to look for is whether Tesla will make versions of the truck with bigger cabs or wildly different trim levels, said the report. (IANS)

Next Story

Elon Musk Wins in Defamation Trial Over his ‘Pedo Guy’ Tweet

"Anybody that knows this man knows beyond a shadow of a doubt that Elon's accusations were false," Wood said outside court. "This was not the justice that he deserved under the evidence

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Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

Multi-billionaire tech mogul Elon Musk has emerged triumphant from a defamation trial as the federal court jury swiftly rejected the $190 million claim brought against him by a British man over “pedo guy” tweet, who helped with the rescue of 12 boys and their soccer coach from a flooding Thai cave.

Both Musk and Vernon Unsworth were present for the closing remarks.

Musk appeared unhappy during the closing remarks, while Unsworth, whose back was to the jury, at times looked to be wiping tears from his eyes as Spiro spoke, The Verge reported on Friday.

During the last hearing, Musk’s lawyer told the jury the tweet did not rise to the level of defamation and cases over insults didn’t belong in federal courtrooms.

While, leaving the courtroom, Musk told reporters: “My faith in humanity is restored, the jury did the right thing.”

Elon Musk, CEO of SpaceX and Tesla. Wikimedia Commons

“I accept the jury verdict, take it on the chin, and move on,” Unsworth said outside court.

As per report, in closing remarks, Unsworth’s attorney, L. Lin Wood, characterized one of Musk’s tweets as “sue or true”. Wood said he believed Musk got involved in the Thai cave rescue as a publicity stunt.

“I believe Elon Musk saw an opportunity to capitalize on the attention,” Wood said in his closing statement.

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Additionally, Wood asked for $5 million in actual damages, $35 million in assumed damages and $150 million in punitive damages.

“Anybody that knows this man knows beyond a shadow of a doubt that Elon’s accusations were false,” Wood said outside court. “This was not the justice that he deserved under the evidence.” (IANS)