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.
Caitlin Clark is heading to the Indiana Fever, the number one draft pick and the highest-scoring college basketball player of all time. And while she may not be getting millions from the WNBA, there's a few ways she'll net compensation for her generational talents.
Author of 'Clean Meat,' Paul Shapiro joins Cheddar to discuss how the cellular agricultural revolution helps lower rates of foodborne illness and greatly improves environmental sustainability. Plus, how his company The Better Meat Co. is bringing healthier food options to the table.
Recent headlines might make it sound like World War III is imminent, but when it comes to your finances, it's not the time to panic. The market is coming off its longest winning streak since 2011.
You may have noticed fewer new venture capital-backed startups (like Airbnb or Uber) lately. The market slowed to a crawl after 2021, but things are expected to take off again in 2025.
Corporate earnings season is underway, that time when companies share their billions in sales or double-digit profits. But the data shows even companies are struggling with high inflation and interest rates.
Boeing continues their terrifying trend of having their planes fall apart mid-flight, inflation — checks notes — is still up and the future of AI looks terrifying. Cheery!
Food waste – uneaten scraps or leftovers sent to landfills – is responsible for 10% of global emissions. Mill, a new product from the co-founder of Nest, thinks technology can play a role in eliminating it.
By the time the 2024 election is over, be prepared to see some form of a recession – but this shouldn’t be as bad as what we experienced in 2020 or 2008.
International Master Alice Lee defeated grandmaster Irina Krush to win the American Cup – becoming one of the best women players in the world in the process – but she’s not stopping there.
