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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45

A Tesla Pickup Truck? Believe It. Here’s When You Should Expect One

Lucinda Shen
By
Lucinda Shen
Lucinda Shen
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Lucinda Shen
By
Lucinda Shen
Lucinda Shen
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December 26, 2017, 5:26 PM ET

At first it seemed like Tesla Motors CEO Elon Musk was kidding about an all-electric pickup truck.

Then the concept got a little bit more real.

On Tuesday the serial entrepreneur (who is also CEO of SpaceX, the rocket company) revealed a vague timeline for the vehicle, saying that he plans to build a Tesla pickup truck after bringing the Model Y electric crossover to market. The Model Y has a tentative launch date of 2019 and follows production of its mass market Model 3 vehicle.

“I promise that we will make a pickup truck right after Model Y,” Musk wrote in a tweet. “Have had the core design/engineering elements in my mind for almost 5 years. Am dying to build.”

I promise that we will make a pickup truck right after Model Y. Have had the core design/engineering elements in my mind for almost 5 years. Am dying to build it.

— Elon Musk (@elonmusk) December 26, 2017

Musk first showed early designs of the vehicle in November, when Tesla first revealed its Semi truck to the public. “It’s a pickup truck that can carry a pickup truck,” Musk said at the time. “You’ll actually be able to legally drive that with a driver’s license.”

That ‘pickup truck that can haul another pickup truck’ that Tesla showed off looks to me to be a good size of vehicle to use on the surface of Mars pic.twitter.com/pj6EDS6Yn3

— Bradd Libby (@bradd_libby) November 28, 2017

But the company’s ambitions must be grounded in reality. Tesla Motors earlier this year revealed that it had fallen short of analysts’ expectations for the Model 3, making just 260 of the 2,000 expected mass market vehicles in the third quarter. More recent reports from one of Tesla’s auto components makers, Taiwan’s Hota Industrial Mfg., suggest that production is once again ramping up, a sign that the automaker could be getting its plans back on track.

About the Author
Lucinda Shen
By Lucinda Shen
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