Tesla unveils otherworldly Cybertruck, starting at US$39,900

The Tesla Cybertruck has arrived and it is, as promised, very, uh, different than the other pickups currently on the market. The brand’s mildly enigmatic CEO Elon Musk introduced the highly enigmatic battery-powered truck at an event in Los Angeles on Thursday evening streamed live online. He was accompanied on-stage by a merry band of softcore Mad-Max-types dressed all in black, on hand to demonstrate (rather ineffectively at times) the truck’s toughness. The biggest news is the sheer audacity of this thing’s design, which, in fairness, Tesla did warn us about, in the form of nods to Blade Runner and a certain underwater James Bond car and straight disclaimers it would alienate many.  Still, it — it looks like a six-year-old’s interpretation of a future truck. We honestly thought it was a joke when it first drove on stage. Also: pedestrian safety regulations are still a thing, right?The Cybertruck measures in at smaller than a Ford F-150; comes standard with adaptive air suspension; and allegedly starts at US$39,900 before any EV rebates. It will be available in three range options, measured here in miles: 250+, 300+ or 500+. The electric engine will ship the new-age pickup from zero to 60 mph (96 km/h) in a blistering 2.9 seconds in top trim, and provide enough torque to tow 14,000 lbs. This was showcased in a video of the Cybertruck literally running away with an F-150 in a tug-of-war. “You want a truck that’s really tough, not fake tough?” quipped Musk. A sledgehammer-wielding assistant showcased the toughness of the truck’s stainless steel alloy (the same material used on Tesla’s Starship rocket) by whacking away at a regular truck door, followed by the Cybertruck’s. They also shot the vehicles with a 9mm pistol. You can guess the results. But when it came time to demonstrate the durability of the transparent metal glass, the thrown object that was meant to bounce off the passenger window ended up shattering it. And the rear door window, too. Musk soldiered on through the reveal with the two shattered windows. In related truck news, GM vied for its piece of the electric pickup truck buzz on Tesla’s big day by revealing its e-truck release-date just hours before Elon went live. GM’s electric pickup will be on sale sometime in late 2021, roughly the same time Tesla estimates its truck will make its first deliveries. However, you can make a US$100 deposit on Tesla’s Cybertruck right now at Tesla.com.LISTEN: What do car dealers think about electric vehicles? Are they keen to have them in their showrooms? We talk to Vancouver GM dealer Blair Upton about this and much more during this week’s episode of Plugged In. Plugged In is available on Apple Podcasts, Spotify, Stitcher, and Google Podcasts.Is the player not working? Click
Origin: Tesla unveils otherworldly Cybertruck, starting at US$39,900

Tesla cut the starting price of its Model 3 — and it’s making investors nervous

Tesla cut the starting price of the Model 3 sedan in the U.S. weeks after a federal tax credit shrank in half, renewing concern over whether the electric-car maker can sustain sales with less support from incentives.The Model 3 now starts at US$38,990, according to Teslas website. Arndt Ellinghorst, an analyst at Evercore ISI, wrote in a report Tuesday that the halving of the U.S. tax credit to US$1,875 at the beginning of July is causing the company to reduce prices to support demand.The key question remains will Tesla be able to sustain itself given steadily declining ASPs and worsening mix? Ellinghorst wrote, referring to the average selling prices of the companys vehicles dropping as the Model 3 becomes a greater share of deliveries.While the starting price of the Model 3 has dropped, Teslas moves to simplify its lineup include dropping a standard-range version of its larger and more expensive Model S sedan. The cheapest version available is now US$79,990, according to the companys website.Tesla also cut prices on all vehicles shipped to China, with the Model 3 dropping to 355,900 yuan (US$51,764) from 377,000 yuan, according to a Tesla representative. Prices of the Model S and Model X were cut about 4 per cent to 776,900 yuan and 790,900 yuan, respectively.The changes wont affect prices of Model 3s that will be produced near Shanghai, according to the representative. Tesla is expecting to begin output at a factory there later this year.Tesla is adjusting prices in order to continue to improve affordability for customers, the Chinese unit said in a statement. We are standardizing our global vehicle lineup and streamlining the number of trim packages offered for Model S, Model X and Model
Origin: Tesla cut the starting price of its Model 3 — and it’s making investors nervous