The new cyber truck developed by Tesla (NASDAQ: TSLA) was spotted driving on public roads for the first time.
A Tesla Model 3 followed the cyber truck as both vehicles drove on a street near SpaceX’s headquarters in California.
Cyber Truck
Elon Musk decided to develop the cyber truck after realizing that there is a need for more environmentally friendly and energy efficient trucks in the market.
Elon Musk believes that current trucks in the market are not fit for the 21st century as they do not use sustainable energy.
The cyber truck includes advanced specs.
It is able to increase its speed from 0mph to 60 mph in less than 3 seconds.
Tesla believes the cyber truck offers more performance than an advanced sports car and better utility than a normal truck.
The cyber truck is extremely resistant to external and internal damage.
Tesla planned an experiment on the truck to test its damage resistance.
As a part of the experiment, Tesla officials threw a metal ball at the truck.
The metal ball damaged two windows of the truck.
However, it did not completely break the windows, proving a high level of damage resistance.
High Demand
Tesla received more than 25,000 pre-orders for the cyber truck.
The exact release date of the cyber truck remains uncertain.
However, there is already a high demand for the product.
Consumers need to pay $100 in order to be able to pre-order the cyber truck.
Consequently, Tesla generated approximately $25 million in a week.
The cyber truck has been extremely popular within the first week of its unveiling.
Competition
Tesla announced that the company intends to start the production of the cyber truck in 2021.
Orders will be completed in late 2021.
If the cyber truck becomes popular among truck users, it is likely to redefine the truck industry by creating competition in the manufacturing sector to make more sustainable trucks.
Ford (NYSE: F) contested the damage resistance of Tesla’s new product by claiming that damage tests have not been conducted fairly.
