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Elon Musk at the Kennedy Space Center on May 27. Photo: Saul Martinez/Getty Images

Tesla CEO Elon Musk appears to be open to the idea that the blocky, sci-fi looking Cybertruck might not light the pickup truck market on fire.

Driving the news: Musk, in an interview with Automotive News, said building a more conventional-looking pickup is a "fallback strategy" if things don't work out for the Cybertruck that's slated to begin production next year.

Here's some interview details via Business Insider:

"Musk said he realized the Cybertruck could be 'a complete failure,' but the company has a back-up plan."
"But I wasn't super worried about that because if it turns out nobody wants to buy a weird-looking truck, we'll build a normal truck, no problem."

What we're watching: Musk said there are at least 200,000 reservations for the truck. However, it's hard to say how many of those refundable $100 reservations will translate to actual sales.

Go deeper: Elon Musk's chaos theory is paying off for Tesla — for now

Go deeper

Nasdaq is on the verge of doubling in 20 months

Tuesday's close. Screenshot via CNBC

The tech-driven Nasdaq 100, amid a raging recession and plunge in profits, is on the brink of doubling in 20 months, Bloomberg points out.

Why it matters: It's a vivid sign of how disconnected the markets are from America's economic reality.

Mitt Romney calls Ray Dalio's China investments a "sad moral lapse"

Sen. Mitt Romney walks to a Senate Republican caucus meeting at the Capitol on Oct. 7. Photo: Stefani Reynolds/Bloomberg via Getty Images

Sen. Mitt Romney (R-Utah) on Thursday criticized billionaire Ray Dalio's investments in China, writing in a tweet that "his feigned ignorance of China's horrific abuses and rationalization of complicit investments there is a sad moral lapse."

Driving the news: Romney's comments come after Dalio's firm, Bridgewater Associates, the largest hedge fund in the world, raised $1.3 billion in November for a new private fund in China, Bloomberg reports.

Updated 1 hour ago - Politics & Policy

Omicron dashboard

Illustration: Aïda Amer/Axios

  1. Health: First known U.S. case of Omicron variant identified in California — America probably won't lead the effort to understand Omicron — CDC prepares tougher testing rules for international travelers.
  2. Politics: Omicron travel bans are sign of what's to come — Meta removes accounts linked to COVID disinformation effort by China.
  3. Vaccines: Omicron adds urgency to vaccinating world — Omicron fuels the case for COVID boosters — Moderna loses patent battles tied to COVID vaccine.
  4. World: Germany approves new restrictions for unvaccinated people — Omicron variant detected in more countriesWHO advises people 60 or older to postpone travel due to Omicron
  5. Variant tracker: Where different strains are spreading.