Tesla's electric Cybertruck, Elon Musk's take on a pickup truck, was unveiled to much fanfare, and debate, last week. Now Musk claims he has already hooked 200,000 interested customers.
Preorders on the truck, which is scheduled to hit the production line in two years, began last Thursday. The 200,000 sign-ups Musk tweeted about have so far only placed a down payment to reserve a spot in line for the vehicle.
Musk, who has been talking about the Cybertruck for some time, called it "an armored personnel carrier from the future." But some of the features on the demo model didn't quite live up to expectations at the unveiling.
During the "Armor Glass" demonstration, Tesla's chief designer Franz von Holzhausen hit the frame with a sledgehammer to prove it wouldn't cause a dent. He then threw a metal ball at the supposedly shatterproof glass windows, which shattered, not once, but two separate times. In response to the mishap, Musk shared a video, which he says was filmed before the launch, that shows the windows surviving a hit from a metal ball.
Shares of Tesla ($TSLA) fell after the truck's windows shattered on stage Thursday, but rose early Monday again after Musk tweeted "200k," referring to the deposits Tesla received for the Cybertruck. Over the weekend Musk also tweeted that most people involved in preordering indicated that they would opt for the highest pricepoint triple-motor option at $69,900 or the mid-priced dual-engine option. At the time, he said only 17 percent of preorders were for the cheapest, single-motor option.
The unconventionally-shaped truck is made from cold-rolled stainless steel, matching SpaceX's Starship rocket, which is another Musk venture, and Tesla says its most powerful model will be able to tow 14,000 pounds.
Just days before the 49ers and Chiefs play in Las Vegas, Joe Pompliano, Investor at Pomp Investments and author of the Huddle Up Newsletter, discusses why he thinks this could be the most-watched Super Bowl in history.
Chris Versace of Tematica Research LLC shares his thoughts on Jerome Powell's latest comments, the timing of those crucial rate cuts, and what semiconductor stocks he's watching closely.
We battle an onslaught of advertising every time we scroll through social media. Deinfluencers propose a less pricey, more honest approach to how we shop online. Could they convince us to spend less?
Scott Gutz, CEO of Monster.com breaks down the company’s Work Watch Report for 2024, including what’s motivating workers to look for new positions and why they should see A.I. as an opportunity.
Tom Graff, Chief Investment Officer, Facet, discusses what the latest jobs report says about this ‘pretty good’ labor market and why the market should worry less about the Fed’s next decision.
Universal Music Group, which represents artists including Taylor Swift, Drake, and Ariana Grande, has removed its music from TikTok and accused the app of bullying and intimidation.
The average rate on a 30-year mortgage fell 0.06% last week. Although the rate is much higher than it was two years ago, the decline could relieve buyers already dealing with low inventory and high prices.
