Tesla's CEO Elon Musk responded to a tweet related to pricing of upcoming electric vehicles, specifically the Tesla Cybertruck.

He wrote that the company's primary challenge is affordability, because "Creating an expensive truck is relatively easy."

He hasn't specified a certain price level and there is no pricing available for the Tesla Cybertruck, but we can safely assume that Tesla would like to be below vehicles like the G.M.C. Hummer EV Pickup starts at about $110000.

Very interesting is the second part of the tweet, which says that introducing an affordable product is extremely hard for Tesla, despite its "greater economies of scale and better technology."

In Elon Musk's opinion, for other manufacturers, an affordable EV product is "damn near impossible."

While many people might focus on what Tesla can or can't do, Musk's answer could also be a bit worrying. It basically means that it's extremely hard to achieve affordability with trucks, which is why we see many expensive electric pickup trucks, but few with more reasonable price tags.

Just recently, Stellantis' CEO Carlos Tavares complained about the electrification costs, pointing out that battery-electric car production is 40 to 50% more costly than conventional counterparts. Stellantis seeks solutions on how not to transfer those costs to consumers.

Source: Re-posted and Summarized from Mark Kane at insideevs.

My Take: There you have it. I think GM and Ford are terrified of the Cybertruck.

Re Posted From: Elon Musk On Affordable Electric Trucks

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Tesla's CEO Elon Musk responded to a tweet related to pricing of upcoming electric vehicles, specifically the Tesla Cybertruck.

He wrote that the company's primary challenge is affordability, because "Creating an expensive truck is relatively easy."

He hasn't specified a certain price level and there is no pricing available for the Tesla Cybertruck, but we can safely assume that Tesla would like to be below vehicles like the G.M.C. Hummer EV Pickup starts at about $110000.

Very interesting is the second part of the tweet, which says that introducing an affordable product is extremely hard for Tesla, despite its "greater economies of scale and better technology."

In Elon Musk's opinion, for other manufacturers, an affordable EV product is "damn near impossible."

While many people might focus on what Tesla can or can't do, Musk's answer could also be a bit worrying. It basically means that it's extremely hard to achieve affordability with trucks, which is why we see many expensive electric pickup trucks, but few with more reasonable price tags.

Just recently, Stellantis' CEO Carlos Tavares complained about the electrification costs, pointing out that battery-electric car production is 40 to 50% more costly than conventional counterparts. Stellantis seeks solutions on how not to transfer those costs to consumers.

Source: Re-posted and Summarized from Mark Kane at insideevs.

My Take: There you have it. I think GM and Ford are terrified of the Cybertruck.

Re Posted From: Elon Musk On Affordable Electric Trucks

Auto Helpers