Tesla Chief Executive Elon Musk unveils the company’s electric Cybertruck, venturing into the pickup truck market, which is dominated by Ford
But analysts said its design meant the Cybertruck was unlikely to become more than a niche product and as such would have little impact on energy sustainability as Musk touted in his presentation.
Nov 21, 2019; Hawthorne, CA, U.S.A; Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. Mandatory Credit: Robert Hanashiro-USA TODAYFORD, GM GEAR UP TOO Some analysts said they were concerned Tesla might not be able to deliver on its promised base price for the Cybertruck, given that it will be made from the same stainless steel to be used in the SpaceX Starship rocket and which could make it hard to keep a lid on production costs.
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