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Tesla CEO Elon Musk just unveiled the company’s an initial electric pickup truck, additionally known together Cybertruck, at an event in Los Angeles, California. The truck will certainly come in 3 versions with 250 miles, 300 miles, and 500 miles of range, respectively. And also it will start at $39,900, Musk said. The truck i will not ~ be rolling turn off the assembly line until late 2021, but preorders have the right to be made at

Always a showman, Musk placed the truck with its paces in an initiative to demonstrate its ruggedness. He had actually Franz von Holzhausen, Tesla’s chef of design, fight the door that the truck with a sledgehammer several times, claimed it was virtually bulletproof, and showed the van winning a tug-of-war v a Ford F150 and a drag race with a Porsche 911.

However, once he do the efforts to display how shatterproof the “armored” glass was, things went awry. A steel ball thrown by von Holzhausen not correct both the van windows. “We’ll resolve it in post,” a sheepish Musk quipped.

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Musk ongoing to toy v the idea in public, saying in April 2017 that a reveal event would happen in “18 come 24 months.” In 2018 he said the truck had taken on a “futuristic-like cyberpunk, Blade Runner” design, and also that he didn’t even care much if human being didn’t favor it. He’s since said the pickup van is his favorite project out of every the people Tesla’s functioning on.

While the pickup truck has actually obviously to be a pet project for Musk, the could also be a great opportunity because that Tesla’s business. Not only are pickup sales ~ above the rise in the US, but trucks command high average selling prices and also high benefit margins.

“Pickup van buyers spend a lot of on your trucks,” claims Tyson Jominy, vice president of data and analytics consulting in ~ JD Power. “A $50,000 pickup van is a an extremely common incident now. Human being are willing to spend on this segment to haul your toys, to assistance a lifestyle.”

Tesla’s organization could arguably usage the bump. If the agency squeaked the end a $143 million profit in the past quarter, it only did for this reason after consisting of $164 million worth of regulation credits and also money the it’s banked from customers who’ve paid because that the yet-to-be-released “full self-driving” variation of Autopilot.

That said, a lot will certainly happen between now and also when the van starts shipping. Not just will Tesla soon start producing Model 3s in China for that market, make it much less of a burden to market cars there, but the agency is also releasing the version Y crossover at the finish of 2020.

One the the just segments rivaling the expansion of pickup trucks over the last few years is the SUV segment (and especially the tiny SUV segment). If points go follow to plan for Tesla, the company’s company will currently be in much better shape by the time the Cybertruck ships, definition whatever benefit it deserve to reap indigenous the pickup will certainly be gravy.

Tesla has actually led the charge right into long-range electrical vehicles, and also there’s at this time no mass-market electric pickup truck available for sale. However the landscape will readjust by the moment the truck ships. Ford has an all-electric F-150 ~ above the way, basic Motors evidenced it will put an electrical pickup top top the industry in 2021, and also EV startup Rivian — i m sorry is currently backed by both Ford and Amazon — is scheduled to release its electrical pickup in late 2020.

Depending on how things shake the end with all of these plans, Tesla can wind up releasing the Cybertruck right into a market that’s currently somewhat created — which would certainly be an unfamiliar place for the company.

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Tesla made an ATV to complement its futuristic Cybertruck clock this supercut that Elon Musk unveiling the Tesla Cybertruck Tesla’s Cybertruck is available for preorder through a $100 deposit Tesla Cybertruck an initial ride: within Elon Musk’s electric pickup truck