This week in EVs: Tesla holds Cybertruck launch event | Pro Recap
Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Teslaholds Cybertruck event; China EV deliveries; Rivian launches leasing.
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Tesla Inc (NASDAQ:TSLA) CEO Elon Musk took the stage Thursday in Austin, Texas to reveal details about the company’s long-awaited Cybertruck electric pickup, one day after he appeared in an interview at the DealBook Summit in New York.
At that earlier event, Musk bragged about the launch event saying, “It will be the biggest product launch of anything by far on Earth this year.”
When Musk took the stage at the event, the billionaire-CEO hyped the crowed in attendance saying, “What we have here is a better truck than a truck, while also being a better sports car than a sports car in the same package.”
According to Musk, the new Cybertruck is bulletproof, “rock proof” and has an 11,000 pound towing capacity. The electric pickup has a 0-60 mph time of 2.6 seconds and features a “super-tough” 6ft composite bed.
The Cybertruck will “change the look of the roads” Musk bragged. Adding, the “future finally looks like the future.”
The Tesla leader did not directly mention the pricing and battery range for the Cybertruck. However, the company’s website revealed that the rear-wheel drive base model EV truck is priced at $60,990 and a “Cyberbeast” version for $99,990, with the all-wheel drive version priced at $79,900.
Deliveries of the all-wheel-drive version and Cyberbeast are scheduled to begin in 2024. Meanwhile, deliveries of the base model are expected to begin in 2025.
Shares of TSLA ended trading this week up 6.29% to $238.83/sh after reaching a weekly high of $252.12/sh on Wednesday.
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