5 Facts About Elon Musk’s Tesla Cybertruck

Explore the 5 interesting facts of a new feature released on Elon Musk's Tesla Cybertruck

 Elon Musk, Tesla's co-founder and CEO, unveiled the all-electric Cybertruck with a mishap involving shattered windows. This event at the Tesla Design Center in 2019 marked a significant moment for the automotive industry. Fox Business examined this groundbreaking vehicle, anticipated to challenge established players like Ford and GM, along with emerging ones like Rivian.

Musk highlighted the Tesla Cybertruck's unique features, including four doors on a six-foot bed that fits into a 20-foot garage. This innovation has the potential to reshape perceptions of truck dimensions and functionality, echoing Tesla's penchant for pushing boundaries.

1. Performance Materials & Size

Elon Musk revealed the Cybertruck's groundbreaking size and design, fitting four doors over a six-foot bed into a 20-foot garage. Musk's design philosophy emphasizes a sense of spaciousness inside despite the exterior.

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The truck's "nearly impenetrable exoskeleton" is engineered for superior strength, featuring stainless-steel structural skin and Tesla armor glass, reinforcing its robust nature.

2. Speed and Range

Tesla highlights the electric truck's impressive speed and range, attributing its capabilities to a low center of gravity that grants drivers extraordinary traction control and torque. The truck accelerates from 0-60 mph in 2.9 seconds and boasts a remarkable range of up to 500 miles.

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Additionally, the Cybertruck's versatile design enables it to handle a payload of up to 3,500 pounds and tow over 14,000 pounds. This range caters to a wide spectrum of needs, from rugged tasks to refined usage.

3. Orders and Deliveries

The Cybertruck's orders and deliveries have garnered Wall Street's keen attention. Elon Musk's comment about the surging demand being "off the hook" during an earnings call underscores the vehicle's popularity.

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Brian Kuney, a VP in the Manufacturing Extension Partnership and supply chain consultant for luxury brands, noted the significance of this. Kuney also pointed to Tesla's notable progress with traditional EVs, citing a substantial 83% year-over-year rise in deliveries, reflecting the company's ambitious manufacturing expansion.

4. Cost and Competition

Elon Musk's 2019 announcement of the Cybertruck allowed reservations with a projected price under $40,000 upon initial reservation for $100. However, design changes have transpired, and according to Kelley Blue Book, the starting cost might begin around $50,000.

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Specific pricing details remain undisclosed, as do official specifications and dealer delivery dates. The evolving landscape of electric pickups, including Ford's F-150 Lightning, intensifies the competition and anticipation within the electric vehicle market.

5. Tesla Stock

Tesla's shares have surged 93% in 2023, far surpassing the S&P 500's 15% gain. Wedbush analyst Daniel Ives expressed strong positivity towards Tesla, contrasting with Cathie Wood's ARK Invest funds selling $14 million worth of Tesla shares in July. ARK Innovation ETF divested 38,329 shares, and ARK Next Generation Internet ETF sold 6,855 shares of the EV maker's stock, according to trade disclosures.