Connect with us

News

Tesla Cybertruck could be ‘a flop,’ but Elon Musk doesn’t care

Credit: @stevenbrnnn | Twitter

Published

on

The Tesla Cybertruck’s unique design is unlike any other vehicle on the market, and CEO Elon Musk says there is a chance the all-electric pickup could ultimately flop, but he doesn’t care.

After an Op-Ed was posted on TheTruthAboutCars.com that highlighted the possibility of the Cybertruck being Tesla’s first “flop” vehicle, meaning it won’t sell in incredibly high numbers, Musk stated that there is definitely a possibility that the truck could underperform.

“To be frank, there is always some chance that Cybertruck will flop because it is so unlike anything else,” Musk tweeted. “I don’t care. I love it so much even if others don’t.”

Musk then went on to highlight the vehicle’s unique design. “Other trucks look like copies of the same thing, but Cybertruck looks like it was made by aliens from the future,” he added.”

When Tesla designed the all-electric Cybertruck and unveiled it to the public in November 2019, one of the first portions of the presentation was an image that showed the currently available trucks that consumers can purchase. When the manufacturer’s badge is removed from the vehicle, it is tough to tell the difference between the designs, and this is exactly what Tesla was trying to avoid.

Advertisement

Credit: Tesla

Tesla has been a revolutionary company in the grand scheme of the automotive sector as a whole. Without the developments of Tesla’s highly talented team of engineers through the years, the EV industry would undoubtedly not be where it is today.

The Cybertruck has mixed reviews depending on who you ask. Some are likely to tell you that the new design is a cool and unique idea that will undoubtedly turn heads when it hits the road. Others will say that it’s ugly, too futuristic, or any other harsh criticism that comes with being “different.”

Advertisement

In reality, the Cybertruck has amassed an impressive 1,000,000+ pre-orders since the November 2019 event. Whether those reservations will remain when the vehicle begins production later this year at Giga Texas remains to be seen. However, there is no doubt the Cybertruck has catalyzed some interest from millions upon millions of people.

Musk also added that the Cybertruck will be free of door handles and will instead use an identification system, likely powered by the rumored Samsung cameras that will be attached to the car. The doors will automatically open.

Additionally, Musk said that the production design of the Cybertruck is “almost exactly same as show car.” Just some small tweaks here & there to make it slightly better.” Musk said in an interview with Joe Rogan that Tesla did modify the truck’s dimensions by less than 3% to make it slightly less bulky, but there were not any significant redesigns made to the Cybertruck.

The truck is expected to be produced by Tesla at Giga Texas by the end of the year. Musk has said that volume production will likely begin in early 2022.

Don’t hesitate to contact us with tips! Email us at tips@teslarati.com, or you can email me directly at joey@teslarati.com.

Advertisement

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

Elon Musk

Tesla CEO Elon Musk sends final warning to Bill Gates over short position

“If Gates hasn’t fully closed out the crazy short position he has held against Tesla for ~8 years, he had better do so soon,” Musk said.

Published

on

bill gates elon musk

Tesla CEO Elon Musk sent a final warning to former Microsoft CEO Bill Gates over his short position, which he confirmed he held to Musk directly several years ago.

Gates has been a skeptic of Tesla for some time, but he has also tried to work with Musk on philanthropic opportunities several years ago, which was coincidentally when he admitted to the company’s frontman that he held a short position.

Musk was, in turn, “super mean” to Gates, according to Walter Isaacson’s biography about the Tesla CEO. Gates had put $500 million against Tesla, shorting the stock and hoping to profit from its failure.

Elon Musk explains Bill Gates beef: He ‘placed a massive bet on Tesla dying’

A short position essentially means Gates is betting Tesla shares will go down, which would make him money. However, shares have gone up over six percent this year and increased nearly 150 percent over the past five years.

Advertisement

At the recent Annual Shareholder Meeting, Musk made many claims about Tesla’s future projects and how they could manage to disrupt various industries. He also recently had a massive $1 trillion compensation package approved, which will be awarded in twelve tranches, all of which combine a company valuation goal and an individual goal related to a product.

Musk was able to complete his last approved pay package, but it was not awarded due to a ruling by a Delaware Chancery Court. Nevertheless, his track record of proving growth for Tesla shareholders is excellent, and investors are obviously very encouraged by his capabilities as a CEO, considering 76.6 percent of shareholders voted to approve his new compensation.

After it was revealed that the Gates Foundation dumped 65 percent of its Microsoft position for nearly $9 billion, Musk had one final message for him: drop your Tesla short position soon, or else.

Advertisement

Musk’s rivalry with Gates is mostly founded on the Tesla CEO’s discontent with the former Microsoft frontman’s short position. However, Musk might have a bit of a soft spot for Gates, considering he is giving him a warning of what is potentially to come. If he really wanted to do some damage to Gates, he would not give him any heads-up at all.

Continue Reading

News

Tesla rolls out most aggressive Model Y lease deal in the US yet

With the promotion in place, customers would be able to take home a Model Y at a very low cost.

Published

on

(Credit: Tesla)

Tesla has rolled out what could very well be its most aggressive promotion for Model Y leases in the United States yet. With the promotion in place, customers would be able to take home a Model Y at a very low cost.

Zero downpayment leases

The new Model Y lease promotion was initially reported on X, with industry watcher Sawyer Merritt stating that while the vehicles’ monthly payments are still similar to before, the cars can now be ordered with a $0 downpayment. 

Tesla community members noted that this promotion would cut the full payment cost of Model Y leases by several thousand dollars, though prices were still a bit better when the $7,500 federal tax credit was still in effect. Despite this, a $0 downpayment would likely be appreciated by customers, as it lowers the entry point to the Tesla ecosystem by a notable margin.

Premium freebies included

Apart from a $0 downpayment, customers of Model Y leases are also provided one free upgrade for their vehicles. These upgrades could be premium paint, such as Pearl White Multi-Coat, Deep Blue Metallic, Diamond Black, Quicksilver or Ultra Red, or 20″ Helix 2.0 Wheels. Customers could also opt for a White Interior or a Tow Hitch free of charge.

A look at Tesla’s Model Y order page shows that the promotion is available for all the Model Y Premium Rear-Wheel Drive and the Model Y Premium All-Wheel Drive. The Model Y Standard and the Model Y Performance are not eligible for the $0 downpayment or free premium upgrade promotion as of writing. 

Advertisement
@teslarati

🚨 Tesla Full Self-Driving v14.1.7 is here and here’s some things it did extremely well! #tesla #teslafsd #fullselfdriving ♬ You Have It – Marscott

Continue Reading

News

Tesla is looking to phase out China-made parts at US factories: report

Tesla has reportedly swapped out several China-made components already, aiming to complete the transition within the next two years.

Published

on

tesla-full-self-driving-unsupervised
(Source: Tesla)

Tesla has reportedly started directing its suppliers to eliminate China-made components from vehicles built in the United States. This would make Tesla’s US-produced vehicles even more American-made.

The update was initially reported by The Wall Street Journal.

Accelerating North American sourcing

As per the WSJ report, the shift reportedly came amidst escalating tariff uncertainties between Washington and Beijing. Citing people reportedly familiar with the matter, the publication claimed that Tesla has already swapped out several China-made components, aiming to complete the transition within the next two years. The publication also claimed that Tesla has been reducing its reliance on China-based suppliers since the pandemic disrupted supply chains.

The company has quietly increased North American sourcing over the past two years as tariff concerns have intensified. If accurate, Tesla would likely end up with vehicles that are even more locally sourced than they are today. It would remain to be seen, however, if a change in suppliers for its US-made vehicles would result in price adjustments for cars like the Model 3 and Model Y.

Industry-wide reassessments

Tesla is not alone in reevaluating its dependence on China. Auto executives across the automotive industry have been in rapid-response mode amid shifting trade policies, chip supply anxiety, and concerns over rare-earth materials. Fluctuating tariffs between the United States and China during President Donald Trump’s current term have made pricing strategies quite unpredictable as well, as noted in a Reuters report. 

Advertisement

General Motors this week issued a similar directive to thousands of suppliers, instructing them to remove China-origin components from their supply chains. The same is true for Stellantis, which also announced earlier this year that it was implementing several strategies to avoid tariffs that were placed by the Trump administration. 

@teslarati 🚨 Tesla Full Self-Driving v14.1.7 is here and here’s some things it did extremely well! #tesla #teslafsd #fullselfdriving ♬ You Have It – Marscott
Continue Reading

Trending