Jun 3, 2019

Elon Musk claims Tesla's pickup will cost less than $50,000

Ben Geman, author of Generate

Photo: Xinhua via Getty Images

Tesla CEO Elon Musk made some news in his newly posted interview with the Tesla-focused "Ride the Lightning" podcast, when he said the company's planned pickup truck will cost less than $50,000, InsideEVs reports.

Why it matters: Pickups are hugely popular, so the ability of automakers to penetrate that market with electrics will ultimately be an important part of the wider effort to push cars with plugs into the mainstream.

  • "This seems an impossible figure given the fact that other Tesla products (aside from the Model 3) start at a price that's much higher," cautions Inside EVs' Eric Loveday in the article.

Musk also said on the podcast that the Model Y, a small SUV that's supposed to go into production next year, will likely be produced at the company's Fremont, California, plant.

  • MarketWatch writes: "Musk said that Fremont is the 'default plan' because it would be quicker than starting an assembly facility at Tesla's gigafactory in Sparks, Nev."

The big picture: The New York Times has a new piece today about investor skepticism toward the Silicon Valley electric automaker.

  • "[I]t is not just the stock that is tumbling. The price of Tesla bonds has fallen, while the cost of insuring its debt against default has surged. The moves suggest a greater wariness about Tesla's long-term fate."

Go deeper: SUVs and trucks will drive the electric vehicle revolution

Go deeper

Updated 26 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 a.m. ET: 6,289,259 — Total deaths: 375,987 — Total recoveries — 2,706,820Map.
  2. U.S.: Total confirmed cases as of 7 a.m. ET: 1,811,277 — Total deaths: 105,147 — Total recoveries: 458,231 — Total tested: 17,340,682Map.
  3. Public health: Nearly 26,000 coronavirus deaths in nursing homes have been reported to federal health officials —Coronavirus looms over George Floyd protests across the country.
  4. Federal government: Trump lashes out at governors, calls for National Guard to "dominate" streets.
  5. World: Former FDA commissioner says "this is not the time" to cut ties with WHO.
  6. 🎧 Podcast: The virus didn't go away.

What it was like when police used tear gas to clear a path for Trump

President Trump walking back to the White House. Photo: Brendan Smialowski/AFP via Getty Images

Moments before President Trump began his Rose Garden address, a mass of law enforcement suddenly marched forward in Lafayette Park, across Pennsylvania Avenue from the White House.

Why it matters: It was a jarring scene as police in the nation's capital forcefully cleared young men and women gathered legally in a public park on a sunny evening, all of it on live television.

Trump goes full law-and-order

Photo: Tom Brenner/Reuters

President Trump's final decision to speak in the Rose Garden last evening as protests raged outside the gate was made only hours before, reflecting chaos on both sides of the fence.

Why it matters: Trump’s ultimate remarks fell where his instincts always were: blunt, brutal law and order, with extreme demonstrations of militarized “strength” and blustery threats.