Fiat Chrysler CEO Mike Manley hinted at an electric Ram pickup truck in the legacy automaker’s future. According to the Detroit Free Press, Manley did not offer any other details about Fiat Chrysler’s potential electrified Ram pickup, but he did note that such a vehicle will be coming.
“I do see that there will be an electrified Ram pickup in the marketplace, and I would ask you just to stay tuned for a little while, and we’ll tell you exactly when that will be,” Manley said during Fiat Chrysler Automobiles (FCA) Q3 earnings conference.
Manley’s recent statements hint at a bolder stance on electrification since in the second quarter. During FCA’s Q2 earnings call, Manley remarked that “Obviously, pickup trucks is a key franchise for us, and we’re not going to sit on the sideline if there is a danger that our position gets diluted going forward.”
Several automakers, from veterans like Ford and General Motors to newcomers like Tesla and Rivian, are going all-in on the electric pickup truck market. So far, GM has unveiled the gargantuan GMC Hummer EV, Ford has all but confirmed the work-focused F-150 Electric, Tesla has unveiled its futuristic Cybertruck, and Rivian is coming with the R1T, a luxury-adventure vehicle optimized for the outdoors.
FCA introduced two Jeep vehicles in its Q3 presentation that showed the steps it took toward electrifying its lineup, such as the Jeep Grand Wagoneer and Jeep Wrangler PHEV. Neither of the Jeep variants were all-electric. It seems FCA, at least for now, is taking baby steps towards an electric future, but everyone needs to learn to crawl before walking.
The Jeep Wagoneer will have an electrified powertrain, which does not make it an all-electric vehicle, though it does show some progress on FCA’s part. The electrified Jeep Wagoneer’s production will start in Q2 2021.
Then there is the Jeep Wrangler PHEV 4Xe, which seems like a more serious step toward electrifying the company’s fleet. It will have a 2.0-liter 4-cylinder engine like any traditional ICE vehicle, but the Wrangler PHEV will also be equipped with two electric motors with 400-volt and a 17kWh battery pack. The 17 kWh battery pack is expected to provide the vehicle with 25 miles of all-electric range.
Fiat Chrysler’s steps to electrify two Jeep variants may be a stepping stone toward the electrified Ram pickup truck. He did not specify if the electrified Ram would be all-electric, though given the current trend in the pickup market with the Tesla Cybertruck, Rivian R1T, and most recently, the GMC Hummer EV, it may be a missed opportunity if Fiat does not release an all-electric pickup truck.
Perhaps Fiat could turn to Tesla for inspiration or advice if it were planning to produce an all-electric Ram truck. After all the two companies are not exactly strangers. Fiat Chrysler, together with General Motors, has been buying regulatory credits from Tesla. Tesla’s regulatory credits help the FCA meet the European Union’s strict emissions regulations.
Tesla and the FCA’s deal proved fruitful nearly a year later in April 2020 when the International Council on Clean Transportation (ICCT) announced the partnership made up 39% of total EV registrations in Europe. From that achievement alone, FCA must have a good idea of a RAM EV’s potential in the US market, where pickup trucks are popular.
FCA sold 156,156 Ram pickup trucks in Q3 2020, recorded Good Car Bad Car. Compared to other pickup trucks sold in the United States in the third-quarter, the Ram pickup came in second after Ford’s F-series, which sold 221,647 trucks. The Ram pickup performed just as well in Q3 2019.
Demand for electric trucks have grown evident over time. Interest in newcomers to the pickup truck market, like Rivian and Tesla, reveal that there are customers interested in EV trucks. And the fact that GM seems to have gained some traction with its Hummer EV may be evidence that customers are also interested in seeing what legacy automakers could offer in the market. FCA could grab some of that potential momentum with an all-electric Ram pickup.
Elon Musk
SpaceX weighs Nasdaq listing as company explores early index entry: report
The company is reportedly seeking early inclusion in the Nasdaq-100 index.
Elon Musk’s SpaceX is reportedly leaning toward listing its shares on the Nasdaq for a potential initial public offering (IPO) that could become the largest in history.
As per a recent report, the company is reportedly seeking early inclusion in the Nasdaq-100 index. The update was reported by Reuters, citing people familiar with the matter.
According to the publication, SpaceX is considering Nasdaq as the venue for its eventual IPO, though the New York Stock Exchange is also competing for the listing. Neither exchange has reportedly been informed of a final decision.
Reuters has previously reported that SpaceX could pursue an IPO as early as June, though the company’s plans could still change.
One of the publication’s sources also suggested that SpaceX is targeting a valuation of about $1.75 trillion for its IPO. At that level, the company would rank among the largest publicly traded firms in the United States by market capitalization.
Nasdaq has proposed a rule change that could accelerate the inclusion of newly listed megacap companies into the Nasdaq-100 index.
Under the proposed “Fast Entry” rule, a newly listed company could qualify for the index in less than a month if its market capitalization ranks among the top 40 companies already included in the Nasdaq-100.
If SpaceX is successful in achieving its target valuation of $1.75 trillion, it would become the sixth-largest company by market value in the United States, at least based on recent share prices.
Newly listed companies typically have to wait up to a year before becoming eligible for major indexes such as the Nasdaq-100 or S&P 500.
Inclusion in a major index can significantly broaden a company’s shareholder base because many institutional investors purchase shares through index-tracking funds.
According to Reuters, Nasdaq’s proposed fast-track rule is partly intended to attract highly valued private companies such as SpaceX, OpenAI, and Anthropic to list on the exchange.
Elon Musk
The Boring Company’s Prufrock-2 emerges after completing new Vegas Loop tunnel
The new tunnel measures 2.28 miles, making it the company’s longest single Vegas Loop tunnel to date.
The Boring Company announced that its Prufrock-2 tunnel boring machine (TBM) has completed another Vegas Loop tunnel in Las Vegas. The company shared the update in a post on social media platform X.
According to The Boring Company’s post, the new tunnel measures 2.28 miles, making it the company’s longest single Vegas Loop tunnel to date.
The new tunnel marks the fourth tunnel constructed near Westgate Las Vegas as the Vegas Loop network continues expanding across the city.
The Boring Company also noted that the new tunnel surpassed its previous internal record of 2.26 miles for a single Vegas Loop segment.
Construction of the tunnel involved moving roughly 68,000 cubic yards of dirt. The excavation process also used about 4.8 miles of continuous conveyor belt, powered by six motors totaling 825 horsepower.
The Boring Company’s Prufrock-series all-electric tunnel boring machines are designed to support the rapid expansion of company’s underground transportation projects, including the growing Vegas Loop network. Prufrock machines are designed for reusability, thanks in no small part to their capability to be deployed and retrieved easily through their “porposing” feature.
The Vegas Loop, specifically the Las Vegas Convention Center (LVCC) Loop segment, has already been used during major events. Most recently, the LVCC Loop supported the 2026 CONEXPO-CON/AGG construction trade show, which was held from March 3-7, 2026.
As per The Boring Company, the LVCC Loop transported roughly 82,000 passengers across the convention center campus during the event’s duration.
CONEXPO-CON/AGG is one of the largest construction trade shows in North America, drawing more than 140,000 construction professionals from 128 countries this year.
The LVCC Loop forms the initial segment of the broader Vegas Loop network, which remains under active development as The Boring Company continues building new tunnels throughout the city.
News
Tesla gathers Cybercab fleet in Gigafactory Texas
Images and video of the Cybercab fleet were shared by longtime Giga Texas observer Joe Tegtmeyer in posts on social media platform X.
Tesla appears to be assembling a growing number of Cybercabs at Gigafactory Texas as preparations continue for the vehicle’s mass production. Recent footage shared online has shown over 30 Cybercabs being transported by trucks or staged near testing areas at the facility.
The images and video were shared by longtime Giga Texas observer and drone operator Joe Tegtmeyer in posts on social media platform X.
Interestingly enough, Tegtmeyer noted that many of the Cybercabs being loaded onto transport trucks were still equipped with steering wheels. This suggests that the vehicles are likely testing units rather than the final driverless configuration expected for the company’s Robotaxi service.
The vehicles could potentially be headed to testing sites across the United States as Tesla prepares to expand its Robotaxi fleet.
Additional footage captured at Gigafactory Texas also showed the Cybercab’s side and rear camera washer system operating as vehicles were being loaded onto transport trucks.
The growing number of Cybercabs at Giga Texas comes amidst the company’s announcement that the first production Cybercab has been produced at the facility. Full Cybercab production is expected to begin in April.
The vehicle is expected to play a central role in Tesla’s Robotaxi ambitions as the company looks to expand autonomous ride-hailing operations beyond its early deployments using Model Y vehicles.
Tesla has also linked Cybercab production to its proposed Unboxed manufacturing process, which assembles large vehicle modules separately before integrating them. The approach is intended to reduce production costs and accelerate output.
Musk has also noted that the Cybercab’s ramp will likely begin slowly due to the number of new components and manufacturing steps involved. However, he stated that once the process matures, Cybercab production could scale quickly.
SpaceX weighs Nasdaq listing as company explores early index entry: report
The Boring Company’s Prufrock-2 emerges after completing new Vegas Loop tunnel
