{"id":79436,"date":"2023-11-01T14:08:05","date_gmt":"2023-11-01T18:08:05","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/tesla-stock-is-rising-ceo-elon-musk-reveals-more-cybertruck-details\/"},"modified":"2023-11-01T14:08:08","modified_gmt":"2023-11-01T18:08:08","slug":"tesla-stock-is-rising-ceo-elon-musk-reveals-more-cybertruck-details","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=79436","title":{"rendered":"Tesla Stock Is Rising. CEO Elon Musk Reveals More Cybertruck Details."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000787609\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>\n      Elon Musk<br \/>\n       has revealed more details about the<br \/>\n        Tesla<br \/>\n      \u00a0Cybertruck, including a \u201cbeast mode\u201d version, and plans to make 200,000 of the electric pickup trucks a year.<\/p>\n<p>Musk even mentioned when the handover event for initial deliveries was coming. <\/p>\n<div class=\"paywall\">\n<p>Tuesday, on the Joe Rogan Experience podcast with Joe Rogan, the<br \/>\n        Tesla<br \/>\n       (ticker: TSLA) CEO said the electric-vehicle maker will offer a \u201cbeast mode\u201d version of the Cybertruck that can go from 0 to 60 miles per hour in under three seconds. There will also be an option for customers to buy bulletproof glass along with the standard bulletproof steel panels, he added.<\/p>\n<p>There was also a lengthy discussion of whether or not an arrow could penetrate the vehicle that ended with Rogan firing an arrow from a compound bow. It didn\u2019t penetrate the truck\u2019s side.<\/p>\n<p>Musk emphasized again that manufacturing the vehicle would be \u201cmuch, much harder\u201d than the initial design process. But he did say that the delivery event was planned for \u201cnext month,\u201d meaning November, since the podcast happened on Halloween. <\/p>\n<p>Tesla didn\u2019t respond to a request for comment about the Cybertruck\u2019s projected delivery date.<\/p>\n<p>That\u2019s consistent with prior timing, though. The EV maker said last month that the first Cybertruck deliveries are set to begin on Nov. 30\u2014four years after Musk unveiled the concept. The launch event was notable for the wrong reasons as the vehicle\u2019s \u201carmor glass\u201d windows were smashed during a demonstration.<\/p>\n<p>Tesla also said its Texas factory had the capacity to make 125,000 units a year, while Musk said the company hoped to reach 250,000 units annually by 2025.<\/p>\n<p>Final specifications and details about final pricing, however, weren\u2019t part of the discussion. Investors, and car buyers, would like to know how much each version of the truck will end up costing. <\/p>\n<p>Still, the first Cybertruck delivery later this month will be a big moment for Tesla, but it\u2019s hard for investors to get too excited about it just yet. Musk said it could take up to 18 months for the vehicle to be a \u201csignificant cash-flow contributor,\u201d on the company\u2019s third-quarter earnings call last month.<\/p>\n<p>\u201cWe dug our own grave with Cybertruck,\u201d Musk said on the call, adding that there will be \u201cenormous challenges in reaching volume production.\u201d Demand isn\u2019t the problem, as Musk said more than 1 million people have already reserved the vehicle.<\/p>\n<p>Tesla stock is 0.8% higher in premarket trading Wednesday, and is up 63% so far in 2023, as of Tuesday\u2019s close.<br \/>\n        S&amp;P 500<br \/>\n       and<br \/>\n        Nasdaq Composite<br \/>\n       futures were down 0.3% and 0.4%, respectively. <\/p>\n<p>Write to Callum Keown at callum.keown@barrons.com and Al Root at allen.root@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/tesla-stock-elon-musk-cybertruck-f78b33ac?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk has revealed more details about the Tesla \u00a0Cybertruck, including a \u201cbeast mode\u201d version, and plans to make 200,000 of the electric pickup trucks a year. Musk even mentioned when the handover event for initial deliveries was coming. Tuesday, on the Joe Rogan Experience podcast with Joe Rogan, the Tesla (ticker: TSLA) CEO said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":79437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-79436","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tesla Stock Is Rising. 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