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Tesla co-founder and CEO Elon Musk unveils the all-electric battery-powered Tesla's Cybertruck at Tesla Design Center in Hawthorne, California on Nov. 21. Photo: FREDERIC J. BROWN / Contributor/Getty Images

Tesla CEO Elon Musk revealed the car maker's long-promised electric pickup truck, dubbed the "Cybertruck," on Thursday night in Los Angeles, Calif. near Space X's rocket factory.

Why it matters: "With the launch, Tesla is edging into the most profitable corner of the U.S. auto market..." AP writes. Pickup trucks account for one in every six cars sold in the U.S., per the Drive and the category is valued at nearly $80 billion, according to a 2018 Cox Automotive study.

What we know:

  • The stainless steel alloy truck, Tesla's sixth model since the company's founding in 2003, looks like a "large metallic trapezoid," per CNBC.
  • Inspired by: Bladerunner and The Spy Who Loved Me.
  • Battery range: The truck will come in three versions with 250 miles, 300 miles and 500 miles of range.
  • Price: $39,900 starting price for the 250-mile range version that tows 7,500 pounds. The mid-range Cybertruck adds on $10,000, while the top-range, "tri-motor" variant comes in at $69,900, per CNET.
  • Towing capacity: Estimated 14,000 pounds.
  • Payload: 3,500 pounds.
  • Performance: Musk claims the Cybertruck will reach 0-60 m.p.h. in 2.9 seconds for the top-end version; 1/4 mile in 10.8 seconds
  • Telsa also debuted an ATV.
  • The truck has an onboard air compressor and onboard outlets.

What he's saying: “I think the Tesla side of the truck is our best product ever,” Musk said before the launch.

  • The CEO of the electric car company has called the pickup “heart-stopping” and his “personal favorite” of Tesla’s vehicles.
  • "When they say something's 'built tough,' that's what we mean," Musk said, jabbing at Ford's longtime slogan.

Reality check via Axios Ben Geman: Cox Automotive analyst Michelle Krebs said she is doubtful that many current pickup drivers are interested in electric models.

  • Meanwhile, Ford and General Motors are both working on comparable pickup trucks, and startup Rivian introduced a battery-powered pickup earlier this year.

Our thought bubble, via Axios' Joann Muller: Tesla's truck will find an audience among high-end, tech-savvy buyers, but it's hard to imagine they'll steal many traditional truck customers from Chevy, Ford or Ram. Pickup truck owners are fiercely loyal, and productivity is their primary concern.

Go deeper:

Go deeper

Updated 3 hours ago - World

Up to 17 U.S. missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince this month. Photo: Richard Pierrin/AFP via Getty Images

Children were among up to 17 American Christian missionaries and their relatives kidnapped by a gang in Haiti on Saturday, the New York Times first reported.

The latest: Haitian police inspector Frantz Champagne identified the 400 Mawozo gang as the group responsible, in a statement to AP.

Hollywood union reaches deal with studios to avert strike

Photo: AaronP/Bauer-Griffin/GC Images

A Hollywood workers' union reached a tentative deal with studios, networks and streamers that will guarantee better working conditions, meal breaks and increased wages for low-paid workers, the International Alliance of Theatrical Stage Employees (IATSE) announced Saturday night.

Why it matters: The deal, which still needs to be ratified by IATSE members, will avert a nationwide strike by film and television workers that was set to start Monday. It would have been the first strike in the union's 128-year history.

Bill Clinton released from hospital following treatment for non-COVID infection

Photo: Tasos Katopodis/Getty Images/Bloomberg via Getty Images

Former President Bill Clinton was discharged from the University of California, Irvine Medical Center on Sunday, nearly a week after he was admitted for a non-COVID-related infection, according to his spokesperson Angel Ureña.

What they're saying: "His fever and white blood cell count are normalized and he will return home to New York to finish his course of antibiotics," wrote Dr. Alpesh Amin, who has been overseeing the team of doctors treating Clinton. "On behalf of everyone at UC Irvine Medical Center, we were honored to have treated him and will continue to monitor his progress."

Worth noting: Clinton had a urinary tract infection that spread to his bloodstream, per CNN.

  • The California-based medical team had been administering IV antibiotics and fluids, and was in constant communication with Clinton's New York team, including his cardiologist, according to the former president's physicians.
  • President Biden spoke by phone with Clinton on Friday to see how he was doing, and the catch-up included a discussion of recent politics.