NewsBreak: Tesla Set to Unveil Its 'Cybertruck'

This post was originally published on this site
© Reuters. © Reuters. – Electric-vehicle-maker Tesla (NASDAQ:) plans to unveil its new all-electric pickup truck, what CEO Elon Musk calls the ‘Cybertruck,’ later this month.

  • The pickup is scheduled to be unveiled Nov. 21 near the Space X factory in Los Angeles, Musk said in a Wednesday morning tweet. The unveiling will come the day before the Los Angeles Auto Show opens.
  • Tesla (NASDAQ:) expects to roll out the pickup after its Model Y SUV goes into production next summer. It wasn’t clear when the pickup would be available for sale.
    • In June, Musk said the pickup will start at under $50,000. The truck is supposed to have two motors, “crazy torque,” a dynamic suspension that adjusts for load, and outlets for power tools.
  • Offering trucks and SUVs are high on Tesla’s priority list. More than half of new vehicles sold in the United States are SUVs or light trucks, including pickups. More importantly, they are more profitable than passenger cars. Tesla (NASDAQ:) shares were up 0.4% Wednesday afternoon. Down about 4.3% this year, the shares are up 32% this quarter.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.